Managing workforce finances has never been easier

Forecasting labour demand ahead of time helps to save costs in preventing over- and under-staffing. By taking into consideration market conditions, elementsuite enables you to set labour budgets by store, region or even country by anticipating demand and staff requirements down to 15-minute intervals. What’s more, you can easily compare forecasted vs actual labour spend to make future budgeting decisions and have a tighter control on costs.

Using elementsuite to create and deploy compensation and benefits schemes with ease, finance teams can improve staff retention by maintaining employee motivation, reducing turnover and ultimately cutting the costs of hiring. To further boost engagement, performance-based bonus schemes are also supported by a plethora of tools, from kudos badges to recognition and rewards schemes. Happy staff. Happy budgets.

Not only are employees’ hours captured with extreme accuracy using geo-fencing technology, but also, they are able to validate their hours on a daily or weekly basis, with managers being able to verify hours as well as check exceptions. No more payroll queries. To make things even easier, you can leave it to elementsuite to manage complex time and pay policies, including overtime, break and night premium rules, annualised hours, TRONC and more. Say goodbye spending hours on payroll admin, and hello to clean and accurate data before the pay run takes place. By getting a clear picture of total gross pay expenditure prior to submitting payroll information, finance teams can stay ahead of the curve when it comes to tracking cashflow, supporting you with timely and efficient financial planning.

With clear and customisable dashboards your finance team can get info-rich real-time data from across the organisation. Whether you want to get insights into future costs by monitoring upcoming labour spend or to set hiring budgets based on staff turnover, making financial decisions for your business has never been easier. Not only that, but your analysis is done for you with automatic report generation tailored to your preferred business metrics. Reduce admin. Drive business improvements with ease.