Human capital management (HCM) systems are increasingly important in today’s modern workplace. With a growing global workforce, the need for efficient and effective management of employees is becoming critical.
HCM and ERP systems help organizations to manage the entire employee lifecycle, from recruitment and onboarding to performance management and benefits administration. Let’s look at the best HCM systems in 2023, features, benefits, and drawbacks.
Lano
Lano is a cloud-based software application that provides HCM solutions. It helps organizations manage their human resources processes, such as recruitment, benefits administration, and talent management.
With its automated features, Lano streamlines HR tasks, allowing organizations to focus on their core business operations. The system helps improve organizational efficiency, reduce HR-related costs, and support employee engagement and retention.
Lano costs you from 2.50€ for payroll consolidation, 550€ to hire and onboard an employee, 20€ to hire and pay a contractor, 300€ for multi-country payroll per employee per month for 1-5 employees, and €30 per employee per month for more than five employees. You must book a demo to enjoy each pricing plan.
Best Features
Here are Lano’s best features.
Payroll Consolidation Within One Platform
Payroll consolidation is a feature within Lano that allows the merging of multiple payroll systems into one centralized platform. It helps organizations streamline their payroll processes, reduce manual errors, and improve the efficiency and accuracy of payroll administration.
The feature also provides real-time access to payroll information and supports the automation of payroll-related tasks such as tax calculation, deductions, and payments.
Global Coverage
Global coverage means the system can help organizations with employees in different countries. The platform offers a centralized solution for employing, supervising, and paying workers and contractors in full compliance in over 150 countries worldwide.
The system supports multiple languages and over fifty currencies, making it easier for organizations to manage their HR activities in different countries.
Payment Automation
Lano has a payment automation feature that streamlines the process of paying employees. This feature automates tasks such as calculating salaries and bonuses based on employee information, generating pay slips, and making electronic transfers to employee bank accounts.
Free Local Payments
Lano offers free local payment processing as a feature, allowing organizations to manage and pay their employees’ salaries and compensation directly within the system. It simplifies the payroll process and makes it more efficient, reducing the need for manual processes and paper-based transactions.
Pros
- The platform’s experts help your team succeed with your payroll management across various countries.
- You can make payments within the platform.
- Lano lets you onboard new team members quickly.
Cons
- Lano lacks a freelance management feature.
Papaya Global
Papaya Global is a technology company that provides an all-in-one platform for HR and payroll operations for global businesses. The platform helps organizations manage their HR processes, payroll, and compliance requirements in a streamlined and efficient manner, reducing the time and effort required to handle HR operations in multiple countries.
Papaya Global aims to help businesses navigate the complexities of global HR and payroll, freeing up time for organizations to focus on their core business activities.
Papaya Global’s Global Payroll & Payments pricing plan starts from $20 per month per employee, and Employer of Record costs $770 per month per employee. Contractor Management begins from $25 per month per contractor, while Payroll Intelligence Suite prices from $250 per month.
Best Features
Here are the cloud-based, all-in-one platform main features.
GDPR Compliant Platform
Papaya Global offers GDPR (General Data Protection Regulation) compliance as a feature. The platform ensures that its platform and services comply with the GDPR requirements, including data protection and privacy, to ensure that its clients can operate safely and legally.
Full-scale Payroll Processing and Management
The company provides a full-scale payroll solution for businesses, handling all aspects of payroll, including taxes, benefits, and compliance. With Papaya Global, you can streamline your payroll process and ensure that their employees get paid accurately and on time, regardless of their location.
Manage the Entire Workforce From a Single Login
Papaya Global offers a centralized platform that allows you to manage your entire workforce from a single login. This feature helps you streamline your HR processes and make informed decisions about your workforce.
Seamlessly Manage Employee Attendance and Time
Papaya Global enables organizations to track employee attendance and work hours efficiently, ensuring accuracy and reducing manual errors. The feature provides real-time visibility into attendance and time data, allowing you to make informed decisions and improve productivity.
Custom Report Generation
Papaya Global can generate custom reports, allowing users to create reports based on specific data sets and criteria, providing insights into areas such as payroll, taxes, and employee information. Users can also export and share these reports with other stakeholders, making it easier to make informed decisions.
Pros
- Papaya Global has a friendly customer support team.
- The platform is easy to use.
- Papaya Global easily integrates with other information systems.
Cons
- The reports lack proper organization.
Bambee
Bambee is a human resources technology company that provides HR solutions for small businesses. The company offers a range of services, including compliance support, HR consulting, and employee management tools to help small companies to streamline their HR processes and minimize the risk of HR-related legal issues.
Bambee’s prices start at $99 per month.
Best Features
Here are Bambee’s best features.
Custom HR Policy Set Up
Setting up a custom HR policy feature allows small businesses to tailor their HR policy to their specific needs and industry, ensuring compliance with local, state, and federal employment laws. Bambee’s team of HR professionals works with your business to understand your HR requirements and create a policy that aligns with your company culture and goals.
Employee Relationship Management
The employee relationship management feature of Bambee provides tools and resources to help companies manage and improve their relationships with their employees. It includes tools for tracking employee performance, managing employee benefits and compensation, and improving communication between managers and employees.
Ensuring Compliance With Labor Laws
Bambee offers various features to help businesses comply with labor laws. They include features such as tracking time off requests, managing employee files, and providing guidance on labor laws. The service also offers HR support services to help businesses stay updated with labor law changes.
Automatic Tax Filing
Bambee offers automatic tax filing as a feature means that the platform automatically calculates and files federal, state, and local taxes on behalf of the company and its employees. Automatic tax filing helps streamline the tax process, ensure accuracy, and reduce the workload for the HR and finance departments.
Establishing a 2-Way Feedback System
A 2-way feedback system allows communication between two parties, typically an employer and employee, to provide and receive feedback on their work performance. As a Bambee feature, it can be integrated into the Bambee HR management platform to support regular, constructive feedback and improve performance and workplace relationships.
Pros
- The support team is incredibly supportive.
- Bambee works well in managing HR and payroll for small businesses.
- The platform’s website is intuitive and easy to use.
Cons
- The website may get buggy at times.
Rippling
Rippling is an HR and payroll management software company that offers a comprehensive suite of tools and services to help organizations manage their HR and payroll operations efficiently and effectively.
The software streamlines HR processes such as onboarding, benefits administration, time tracking, and compliance management. Rippling also integrates with other HR and payroll systems, making it a versatile solution for organizations of all sizes.
Rippling’s pricing plan starts at $8 per month per user with a free quote.
Best Features
Let’s look at Rippling’s main features.
Workflow Automation
The workflow automation feature enables organizations to streamline and automate repetitive tasks, processes, and approvals within their workflows. It helps to improve efficiency, reduce errors, and save time by automating routine tasks and reducing manual intervention.
Payroll Management
The payroll management feature in Rippling allows businesses to automate their payroll processes, including time tracking and tax calculation. With Rippling’s payroll management feature, you save time and reduce the risk of errors, resulting in more efficient and accurate payroll processing.
Recruiting and Training Employees
With Rippling, companies can streamline recruitment by posting job listings, tracking applicants, and conducting interviews. It also provides tools for onboarding new hires, such as creating offer letters and storing important employee information.
In addition, Rippling offers training and development resources, such as tracking employee performance, setting goals, and providing ongoing training.
Analyze Workforce Data
The Rippling workforce data feature provides tools to help analyze and manage employee data in a centralized location. It allows administrators to view job titles, locations, departments, and employment status. This data aids in identifying trends, allocating resources, and making informed decisions about the workforce.
Manage Insurance to 401K
The platform allows companies to manage their employee insurance and 401K plans by providing access to various insurance providers and 401K providers, enabling employees to enroll in the plans and offering tools for monitoring employee participation and managing plan details.
Pros
- The platform is easy to use for onboarding employees.
- Rippling’s website is straightforward and easily navigable.
- The platform lets you quickly manage paid time off, health insurance, and more.
Cons
- At times, the user experience may be chunky.
Final Thoughts
HCM and ERP systems play a crucial role in modern organizations by streamlining HR processes and improving the overall management of human resources. These systems enable organizations to manage employee data, track performance and improve talent acquisition and development.
The software discussed above will help you improve your human resource management. Choose a platform that best suits your needs.
