Forecast and Control HR Costs

As changing economic circumstances put pressure on budgets, alignment between finance and HR has grown in importance. The costs associated with HR initiatives, such as hiring, onboarding, employer branding, and learning and development, must be justified in terms of return on investment. CFOs need to collaborate with HR professionals to plan budgets and strategies that fulfill the HR department’s needs while supporting a healthy financial future for the organization.

HCM software makes this shared planning considerably easier. By providing comprehensive reports and detailed analytics, it enhances decision-making for both the HR department and the CFO. Expenditure can be more objectively justified based on solid numbers and forecasts, and value and results can be tracked over time.

Moreover, HCM software can help the CFO with resource allocation, cost optimization, payroll, and compliance. Streamlining and automating these areas can save the CFO time while reducing the risk of mistakes that could negatively impact the organization’s budget.

flair gives CFOs and other C-level executives a more holistic view of business data. By combining all HR and recruiting data in one solution, decisions are based on a single source of truth rather than pieced together from multiple separate systems. What’s more, as flair is built natively on the Salesforce platform, HR data can be combined with data from other business areas, such as sales and customer service.

CFOs can use flair to automate the payroll process, saving time and reducing human error. flair integrates with numerous local payroll providers in different regions, making it quick and easy to export payroll data for processing. Employee expenses can also be submitted, tracked, and improved within flair, providing a clear view of employee-related costs at all times.

What’s more, flair keeps a full record of employee working hours and absences. This facilitates accurate payroll and bookkeeping. Tracked time can be assigned to specific clients, projects, and cost centers, improving project costing and invoicing.

Using cloud-based HR software like flair has been shown to have many benefits. For example, a PwC report revealed that 82% of HR leaders saved money after deploying cloud HR. The same report also showed that 88% of respondents reported improved data security and 86% saw improved productivity.

flair helps businesses achieve these benefits by cutting the time HR managers and team leaders have to spend on admin tasks. Instead of managing employee data, absences, and payroll in cumbersome spreadsheets or isolated point solutions, flair brings all HR data together in one powerful solution. This provides a reliable hub of HR data and reduces the need to switch between different systems. With less admin work, HR teams and CFOs can focus on more value-adding activities.

With flair, CFOs can also make more accurate forecasts about staffing needs. They can then allocate resources appropriately to avoid understaffing or overspending. flair also helps companies save money in recruiting by shortening the length of time it takes to find, hire, and onboard employees. Tools such as flair career portals, job ad multiposting, and AI-assisted candidate screening reduce time to hire and average cost per hire.

With flair, all your data is securely stored on Salesforce, a leading CRM platform known for its advanced security technology. Salesforce Shield Encryption ensures your data is encrypted both at rest and in transit, helping you meet regulations like GDPR and HIPAA.

flair is SOC 2 compliant and, as a solution listed on the AppExchange, adheres to Salesforce’s rigorous quality, security, and performance standards.

Salesforce's role-based access controls and permission sets give you precise control over who can access specific data, which is especially beneficial for companies with complex structures or multiple locations. Additionally, Salesforce's global data centers support compliance with data residency and sovereignty laws.

Security automation tools such as threat detection, audit trails, data backup and recovery, and security health checks help you manage risk and stay compliant with stringent data protection regulations.

flair leverages Salesforce's powerful analytics, reporting, and AI features. Salesforce offers a wide range of standard dashboards and reports, with prebuilt integrations that help turn your data into actionable insights. For deeper analytics, flair can be seamlessly integrated with Salesforce's Tableau platform.

On the AI front, Salesforce's Einstein feature provides intelligent recommendations, predictions, and forecasts directly within the platform, enabling quicker, data-driven decision-making.

flair also includes a comprehensive set of prebuilt reports tailored for HR and recruiting. Additionally, the flexibility of the Salesforce platform allows you to easily create custom reports and dashboards to suit your specific business needs.

flair's foundation on the Salesforce platform ensures exceptional scalability. The architecture is designed to support huge numbers of users and can scale rapidly as needed.

As your company grows, flair adapts seamlessly, accommodating new employees, locations, and processes. This allows your business to expand without requiring a major systems overhaul.