New solution streamlines shift scheduling, automates wage
calculations, and simplifies workforce time and attendance
tracking
LAS
VEGAS, Sept. 28, 2022 /PRNewswire/ -- SUITEWORLD
2022 -- To help organizations optimize staffing needs, Oracle
NetSuite today announced NetSuite SuitePeople Workforce Management.
SuitePeople Workforce Management helps organizations manage labor
costs and profitability. The solution enhances employee engagement
by automating routine tasks such as scheduling staff, tracking
employee hours worked, and calculating wages. It also uniquely
provides recommendations on staff scheduling to help organizations
optimize for their business goals.
"In a tight labor market, organizations need to elevate the
management of their workforce to be competitive," said Evan Goldberg, founder and EVP, Oracle NetSuite.
"With SuitePeople Workforce Management, organizations can quickly
adjust staffing to align with changing business conditions. They
can also ensure they accurately pay their employees and meet
compliance requirements. This addition to SuitePeople reinforces
our commitment to helping our customers increase employee
engagement, which in turn positively impacts the bottom line."
SuitePeople Workforce Management helps organizations balance
workforce needs and profitability by providing finance and
operational management with insights into metrics around sales,
production targets, and labor costs. It supports employee
engagement by enabling employees to view their schedules, clock in
and out of shifts, and request shift changes directly from their
mobile device.
"Urban Legacy delivers solid, high-end reclaimed
and new wood open shelves that make a difference in the way
people live and work. As our business has grown, it has become
essential to automate staffing processes to meet increasing
demand," said Kristi Miller, product
and platform director, Urban Legacy. "With SuitePeople
Workforce Management, scheduling shifts and tracking employees'
time is more efficient than ever. I make all approvals directly in
NetSuite and create a payroll batch with one click. This helps put
Urban Legacy in a position to plan intelligently and
change operations quickly."
SuitePeople Workforce Management helps organizations ensure
timely and accurate financial data by integrating shift
forecasting, wage calculations, and scheduling with employee
attendance, payroll, and financial systems. SuitePeople Payroll
seamlessly processes approved hours for payroll runs and
automatically posts to the general ledger. This simplifies the
end-to-end workforce management process and increases accuracy. It
also helps managers make more informed decisions by providing
real-time access to sales and labor data. With SuitePeople
Workforce Management, organizations can improve:
- Scheduling: A visual shift scheduling tool eliminates
the use of stand-alone scheduling applications or spreadsheets. It
also enables teams to use a combination of forecasts, employee
schedule templates, labor costs, and labor deployment models to
build a staffing plan. This enables organizations to more
accurately forecast staffing to ensure they are correctly staffed
to meet demand.
- Attendance Tracking: SuitePeople Time Clock provides
employees flexible mobile tools to record time and attendance. It
also has options for photo capture and biometric fingerprint
verification that eliminate the risk of employees logging in and
out of work on behalf of other employees. By combining digital
time-clocking with a scheduling solution, SuitePeople Time Clock
eliminates the need to manually calculate hours. It also increases
the accuracy and efficiency of time collection and payroll
processing.
- Wage Calculations: A wage rule engine automates the
calculation of regular hours, overtime, and holiday pay to help
organizations minimize compliance risks. It reduces payroll errors
and eliminates the need for manual reconciliations as approved
hours seamlessly flow from SuitePeople Workforce Management to
SuitePeople Payroll for processing.
- Labor and Operational Metrics: A real-time dashboard
enables managers to obtain insights into day-to-day operational
metrics including sales, wages, and forecasts and compare them to
actuals. This visibility helps managers make data-informed
decisions around workforce costs and profitability.
- Engagement: A mobile app helps employees track time,
fill, swap, drop shifts, and chat with managers. It also makes it
easier for managers to act if an employee has not punched in or out
of scheduled shifts. Through these interactions, the mobile app
helps drive greater manager and employee engagement and
productivity.
Workforce Management is part of NetSuite SuitePeople, a human
capital management solution that weaves people data throughout
NetSuite to help break down departmental barriers. This improves
communications for faster, more confident workforce decision-making
and planning. SuitePeople enables employees to request time off,
access employee directories, use organizational charts, monitor
upcoming vacation schedules, and recognize team members for good
work. SuitePeople also empowers managers and HR professionals to
streamline employee information, onboarding, promotions, and
compensation changes, all from a single solution. SuitePeople US
Payroll provides a full-service solution, automating payroll
processes and seamlessly connecting payroll to NetSuite
financials.
Availability:
NetSuite SuitePeople Workforce Management will be available in
the United States, Canada, Australia, and New
Zealand in early 2023. NetSuite SuitePeople Workforce
Management will be available in the United Kingdom and Ireland in Summer 2023.
Learn More:
https://www.netsuite.com/portal/products/hcm/workforce-management.shtml
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Contact Info
Amanda Parmer
Oracle
amanda.parmer@oracle.com
+1.775-224-6280
Oracle NetSuite
For more than 20 years, Oracle NetSuite has helped organizations
grow, scale, and adapt to change. NetSuite provides an integrated
system that includes financials / enterprise resource planning
(ERP), inventory management, HR, professional services automation,
and omnichannel commerce, used by more than 32,000 customers in 217
countries and dependent territories.
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SOURCE Oracle NetSuite