Innovative solution will help bridge the gap between the finance and HR departments
Accountagility, the leading solutions provider for the finance function, today announces the launch of its latest innovative solution, ORYX HR, part of its ORYX Solutions Suite. The new offering will enable HR teams to save time and effort when calculating the full impact of staff costs, whilst also helping to save time and mitigate risk within the finance function.
ORYX HR meets the needs of both the finance and HR teams by enabling full end-to automation of all staffing costs and expenses, including salaries, bonuses, commission structures and other payments. By streamlining this information, the solution will facilitate better reporting and data analysis, thus reducing the amount of time that HR and finance teams spend in this area. Managing this data in a single environment will also eliminate problems caused by inaccurate or inconsistent data.
This latest solution will sit alongside the rest of Accountagility’s ORYX Solutions Suite, which includes ORYX Close, ORYX Expenses, ORYX Consolidation and ORYX Plan. Each of these tools allows finance teams to automate their planning and reporting, which allows firms to stay one step ahead of new compliance requirements and improve their business agility through faster information turnaround.
Robert Gothan, CEO and Founder of Accountagility, tells Finance Digest, “We’ve identified a real gap in the market when it comes to HR. HR teams often need to work alongside finance departments to calculate staff costs and expenses, so ORYX HR makes this collaboration much more streamlined. In turn, this will make it easier for teams to analyse payment data and produce detailed reports, which is something that our existing ORYX customers increasingly want and need.”