Maximise Financial Efficiency through HR Reporting

In a rapidly evolving financial management landscape, cost control serves as a central pivot for the sustainability of businesses. Among these expenses, payroll emerges as a crucial component, accounting for up to 80% of total costs.

Financial departments are seeking digital solutions to optimise cost management, and this is where the array of possibilities offered by EMAsphere's HR reporting comes into play.

Payroll: An Unavoidable Challenge

Payroll often remains the predominant cost for a company. This expense can account for up to 80% of a company's costs. Due to the rapid inflation experienced in 2022 in Belgium, the automatic indexation of salaries has significantly contributed to the recent increase in payroll costs. This economic context calls for careful monitoring of this indicator, as it is crucial for assessing the overall performance of a company.

The Financial Department and Innovative Analysis

The financial department has transformed into a versatile analyst in the data era. Traditional financial data is no longer sufficient, and this is where HR data from various sources come into play, such as social accounting secretariats in Belgium, payroll providers in France, and HR software.

It is in this spirit of innovation that HR dashboards have become a priority for CFOs. In a 2019 survey conducted among our mostly CFO users, this feature emerged as the most requested. EMAsphere listened and created a dedicated HR reporting dashboard for payroll, which updates automatically.

This HR reporting template incorporates over 70 ready-to-use indicators and dashboards, covering aspects such as seniority, absenteeism, contracts, hourly rates, and pay slips. It also allows for data comparison with the past and customisation of views by group, entity, establishment, or analytics. By blending accounting and HR data, it is possible to break down social charges integrated into the P&L by type of remuneration (information embedded in HR systems) or to track KPIs such as EBITDA per FTE, to name a few.

Optimising Personnel Costs: Keys to Analysis

The potential for optimising personnel costs is immense. Using the preconfigured dashboard in EMAsphere, it becomes easy to identify the levers to activate. Analyses such as pay level by function or gender, average hourly cost, reasons for absences, proportion of benefits and bonuses on pay slips, and demographic structure (average seniority, average age, and male/female distribution) are visible to financial directors.

A Step Toward ESG Reporting

Integrating environmental, social, and governance (ESG) concerns is becoming increasingly imperative for companies. EMAsphere's preconfigured dashboard facilitates the creation of the social aspect of ESG reporting, meeting the growing requirements in this area. While legal discussions about monitoring environmental and social impact continue, EMAsphere offers a tool that promotes innovation while ensuring compliance.

In conclusion, the financial world continues to evolve, along with the tools for optimal personnel cost management. EMAsphere's HR reporting embodies this transformation, offering SME financial directors the key to dynamic and innovative payroll management in an environment where efficiency and innovation converge.