Benefits of Costpoint for Human Resources
attract and retain top talent
As a Human Resources professional, you need a single integrated solution that helps you automate and simplify HR processes so that you can improve accuracy and efficiency while delivering more value. Costpoint HR can help you do all this and more — helping you extend human resources out to all employees, automate tedious processes and ultimately run your talent management business more efficiently and cost-effectively.
It has been reported that companies spend, on average, over 50% of their revenues on human resources-related expenses — making it even more important for companies to be able to measure and report on the return generated by the investments in human resources. Costpoint gives you the applications you need to ensure productivity and efficiency among all your company's employees. Our integrated system also allows for real-time data sharing, meaning better decisions can be made faster.
- Ensure government compliance throughout the entire employee lifecycle
- Easily facilitate benefits management through Employee Self Service
- Generate helpful, detail-oriented Human Resources reports in a matter of minutes
"Knowing that the Costpoint solution is handling all of our compliance issues, I can sleep well at night.” — Criterion Systems, Inc.
Regulations Made Easy
Costpoint is a complete Human Resources solution that helps to ensure compliance and avoid lawsuits throughout the entire employee lifecycle: from recruiting all the way to the Affordable Care Act.
- Personnel Tracking
- Affirmative Action
- Built-in Affordable Care Act Reporting
- Deferred Compensation
- Benefits Administration
Quick, Detailed Reports
Costpoint enables you to generate reports in minutes on all facets of your business — including reporting on virtually anything HR-related, demonstrating the strategic value of HR and generating reports without IT intervention.
- Embedded, flexible Human Resources reports
- Designed for non-technical users
- Integrated with financial data
Do you have a single source that you can look to for a complete view of your employee information?
It has been reported that with an integrated HR system, companies not only eliminate technology and process redundancy, they also cut costs by as much as 30%. What’s more, integrated HR systems also provide the tools for the real-time sharing of data, meaning better decisions can be made faster.
Costpoint’s HR solutions serve as your organization’s one version of the truth for everything project- and employee-related. The result is a reduction in manual and clerical work, and an increase in data accuracy.
Some of the Costpoint features that help include:
- Online capabilities for the HR team
- Integration with Costpoint
- Employee Self Service
- Single system of record for your workforce
Watch the Agilex Case Study to see how the government contractor uses Costpoint to manage employee time entry.