Oracle NetSuite has announced a new service that promises to alleviate common problems facing small businesses in the area shift management and resource allocation.
On SuiteWorld 2022the company offered a first look at SuitePeople Workforce Management, a service designed to automate the time-consuming change management process by creating change patterns based on anticipated demand.
The new service also allows you to easily monitor the number of hours worked by employees and on this basis automatically calculate wages before providing this information to payroll.
SuitePeople Personnel management
While presence tracking and change management are neither sexy nor groundbreaking, NetSuite hopes that by putting together various functions into one dashboard and relying on the strength of its wider platform, it can help customers manage human capital more efficiently and increase profitability as a result.
This is especially true in the current environment, says the company, where companies around the world are struggling with the dual pressures of rising inflation and interest rates and a decline in spending appetite.
“In a tight labor market, organizations need to improve their workforce management to become competitive,” said Evan Goldberg, founder and vice president, NetSuite.
“With SuitePeople Workforce Management, organizations can quickly adapt staff to changing business conditions. They can also ensure that they pay their employees accurately and meet compliance requirements. “
In addition to supporting the core change management processes themselves, the new service also gives managers access to sales, payroll, and forecast data points, providing them with the information they need to make strategic decisions about resource allocation.
Meanwhile, automating the payroll process is designed to minimize the risk of wage errors and save employees a significant amount of time that would otherwise be spent on manual settlements.
SuitePeople Workforce Management will be available in the United States, Canada, Australia and New Zealand in early 2023, with a few months later in the UK and Ireland.