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Why Companies Pick NAV HCM Suite To Make The Most Of Their Resources?


An extensive human capital management software suite can transform the way a company manages its resources and drive greater efficiency within the entire organization. Dynamics NAV offers an inventive HR & Payroll module that supports the processes of calculation and payment of salaries efficiently. By managing the employee pay files, calculating payroll, creating bank transfers, exporting data to the National Insurance, and generating tax returns, this suite can manage employee’s data without any hassles, reducing errors occurring while doing it manually.

In this article, we will discuss the core capabilities offered by the NAV HCM software suite.


Quick information

With the deployment of Dynamics NAV Payroll & HR, business personnel can look up and analyze information about their employees and applicants. Interestingly, it ensures easy access to data as well as a quick overview of the entire workforce.

Efficient Recruitment

Dynamics NAV HR software suite enables businesses to maintain a resume database of applicants & employees as per their skill set and qualification. They can schedule interviews and maintain reports of interviews, issue interview letters, offer letters, and appointment letters without any procrastination. Additionally, one can save employee credentials in the system as an attachment that helps perform a quick check of available skillset for particular projects. Also, it helps maintain records of employees on special projects as well.

Leave & Attendance Management

Leveraging an inventive and exclusive Human Resource Management System offered by Dynamics NAV, one can eliminate or reduce the manual effort in keeping the record of leaves, attendance, and payroll processing. Interestingly, it delivers an easy interface with a biometric system for efficient attendance management. Moreover, this dynamic software suite helps you in the calculation of overtime. Also, it is adept enough to calculate the net working hours by each employee.

Employee Management

Businesses can prepare an appraisal of each employee using the Balance Scorecard or Key Result Area (KRA). They can do this by identifying the training needs of each employee, scheduling training, and measuring the learning curve. Here, Dynamics NAV HCM software offers flexibility to assign pay cadres based on tenure, work performance, hierarchy, and grades as well.

Loan Management

You can customize Dynamics NAV HR & Payroll Based on your company policy to record different types of loans. Also, you can record the loan Schedule, loan Deductions, and the details of loan Repayment efficiently.

Payroll Management

With the deployment of human capital management by Dynamics NAV, businesses can process and reprocess payrolls while taking care of all statutory norms. These may include making salary adjustments; LOP calculation, arrears payment, bonus/incentive payments, and managing other pay elements.

On a final note, to gain a competitive advantage and drive substantial business growth, leveraging the core capabilities along with choosing the right partner turns to be an intelligent move. An astute NAV service provider partner can let businesses gain unmatched success, drive higher efficiency among the employees & within the entire organization, and retain greater productivity in the long run.

Grab An Inventive HCM To Drive Greater Efficiency By Writing An Email To info@navisionindia.in

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