The consumerisation of business technology has made access to applications easy and has taken ownership away from IT departments. Chiefmartec.com’s 2019 Martech 5000 report found that, in marketing technology alone, business applications grew from just 150 to more than 7,000 since 2011.
In another recent study, Deloitte found that 33% of companies are using more than ten individual pieces of HR software. Inevitably, this leads to inefficiencies. Despite how clever each app is in isolation, by adopting different platforms you create siloes, replacing one long process with many shorter ones and adding zero benefit to the business.
The integration challenges
According to IDC, over 80% of executives who responded to a recent survey said most of their problems come from a lack of systems integration – meaning their disparate solutions don’t talk to each other. In the same study, 43% of workers said they often have to double enter or rekey information, adding time and effort to the process rather than streamlining it.
We frequently see companies spending time and money moving information from one software to another, investing in the latest, greatest recruitment, HR and payroll software – but failing to consider integration. In the HR industry, controlling the flow of operations across every platform and channel is critical, and there is no easy way to achieve seamless interaction between tools and applications without a consolidated solution.
The same IDC study revealed executives across 1,500 different sectors and lines of business, including sales, HR, and procurement, estimated that resolving their inefficiency issues would generate 36% increased revenue, 30% lower costs, and a 23% reduction in compliance risks.
The ability to automate core recruitment, HR and payroll has enormous benefits. The earlier companies consolidate, the better equipped they are to compete in a fast-moving business environment and become better companies to work for. In very few circumstances does it make sense to have several applications doing the job of one consolidated solution.
Consolidating HR business tools into a single platform, you can effectively streamline your operation, without shifting from one application to the next, inputting the same data repeatedly, or having to check system after system to find the right information.
The benefits of consolidating business apps
Ultimately, consolidating business apps will help you streamline HR automation and increase productivity by reducing the time and resource required to complete routine processes. At the most basic level, you will save a significant number of hours by using one or two platforms as opposed to many. Finding a single tool, such as Moonworkers, that can perform every function optimises time and investment.
Consolidating business apps also helps eliminate stress from slow, unresponsive systems as a result of needing too many apps running at once. This is worsened by the requirement to share data sets between platforms, which is not only tiresome and a waste of valuable time but could have serious security repercussions.
There is also the cost of running several applications when one will do. Consolidating platforms can increase your return on labour costs and increase employee satisfaction with employees spending less time performing mundane tasks and freed to focus on making a better contribution to the business.
Finally, business applications should be easy to use and scalable. The more business apps you use, and the bigger your business grows, the longer and more complex it becomes to onboard new people and train them on each of the tools they will need to do their job.
Simply put, more apps create more work; less is more; consolidation is key.
Find out how Moonworkers can help you consolidate your recruitment, HR and payroll processes here.