In recent years, the domain of financial services (banking, investment houses, insurance companies, and accounting firms) has moved toward consolidation of services. Increased competition has required the hiring of more skilled employees specializing in a variety of fields, deployed at different sites and at times even in other countries.
Synerion solutions make it possible to achieve the necessary balance between maintaining a high-quality, skilled, and often expensive workforce, and the need to control and even reduce labor costs without affecting the quality of customer service. With our solutions you can manage and maximize the capabilities of your human resource in order to create a competitive advantage.
Improving profitability indices
Synerion solutions for financial institutions ensure transparency of work hours invested in tasks/projects and related costs, including monitoring of planned versus actual, which allows taking corrective action when needed.
Automation of business processes includes the collection and accurate processing of actual working hours, to ensure that customer billing is based on reliable calculations of hours, and the preparation of payroll data. Synerion solutions allow management to control labor costs and achieve the profitability targets of the organization.
Main Benefits of Synerion’s Solutions for Finance Services
- Meeting budget – accurate pay for actual working hours
- Reduction of risks by ensuring compliance with labor laws, regulations and employee agreements
- Labor costing and analysis of planned vs. actual of every project, to improve profitability indices
- Reduction of administration and paperwork through process automation
- Reduction in cost and time-to-hire of employees, ensuring the best match between job requirements and the candidate’s capabilities.
Key Features of Synerion’s Solutions for Finance Sector
- Simultaneous management and calculation of several tasks and proportional assignment of work hours
- Real-time alerts concerning discrepancies between plan and actual
- Solution for strict data security limitations
- Automation of business processes, from recruitment to attendance/absences management, including payroll processing
- Employee and manager self-service, based on authorizations, that enables viewing and updating of information in real time and improve communication regarding issues such as absence requests
- Central control panel (dashboard), alerts and notifications, as well as analytics capabilities, allow trend analysis and the flagging of issues that require immediate and long term attention.
