How Ahola and isolved are Revolutionizing HR and Payroll
In the ever-evolving landscape of Human Resources (HR) and Payroll, the role of technology cannot be understated. Businesses worldwide are on a constant quest to enhance their HR processes, reduce costs, and provide a superior employee experience. Ahola Payroll & HR Solutions, a leader in the field of payroll and human resource services, in partnership with isolved, a cutting-edge Human Capital Management (HCM) platform, is at the forefront of this revolution.
Ahola's partnership with isolved is a game-changer. The isolved platform offers a cloud-based, integrated solution that merges crucial HR functions, including payroll, tax management, time and attendance tracking, benefits administration, and HR into a single, manageable system. But it doesn't stop there. isolved also provides additional solutions for learning and development, applicant tracking, and more.
A recent ROI study on isolved, conducted by independent analyst firm Nucleus Research shows despite the prevailing dissatisfaction among HR leaders with their current HCM platforms, many businesses were reluctant to invest in new technology due to economic uncertainties. However, the ROI study on isolved's People Cloud platform revealed a compelling story. Some of the significant benefits that this intelligently connected HCM software brings to the table include:
- Unlocking Triple-Digit ROI
The standout revelation from the study was the average return on investment (ROI) of 201% over three years. This astounding figure highlights the financial gains that businesses can realize by adopting isolved People Cloud.
- Lower Maintenance Costs and Legacy Avoidance
The cost of ownership for isolved People Cloud is notably lower when compared to similar competitors. This reduction allows HR, benefit, and payroll teams to manage their HCM investments more efficiently. Clients who switched to isolved experienced annual subscription and maintenance fee reductions ranging from 4% to 25%.
- Streamlined Payroll Processing
The study found that organizations using isolved reduced the time spent on payroll processing by an impressive 70-88%, thanks to the system's reduced complexity and robust customer support.
- Simplified Scheduling
For industries like healthcare and distribution, where creating schedules can be a time-consuming task, isolved's intelligently connected solution offers automation that led to a 90% reduction in scheduling time for one client.
- Improved Onboarding
Onboarding is a vital part of the employee experience. Nucleus Research's findings indicated that isolved clients reduced onboarding time for new hires by 50-70%.
As Lina Tonk, Chief Experience Officer of isolved, aptly noted, "Investing in and empowering people always pays off." The study emphasizes the value of strategic HR technology investments, showcasing the ability to drive real business value through triple-digit ROI, while also making significant improvements in talent acquisition, retention, and employee experience.
Ahola Payroll & HR Solutions, in collaboration with isolved, is leading the charge in transforming HR and payroll management for businesses of all sizes. Backed by the remarkable results of the ROI study, it's clear that isolved's People Cloud platform is not just a software solution; it's a catalyst for change.
The power of technology, combined with personalized customer service, has the potential to redefine the way businesses handle HR and payroll processes. With Ahola and isolved, you're not just adopting a platform – you're embracing a revolution in HR and payroll that's focused on efficiency, cost savings, and, most importantly, a superior employee experience.
Read more about the Nucleus Research ROI study on isolved People Cloud