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iSolved addresses the concerns of CFO's and Controllers

CFO's are keenly aware that Labor is the single largest expense for the company

The iSolved platform provides CFO's and Controllers with powerful dashboards, reports and analytics that allow you to better assess the financial health of the business through labor hours and costs, active headcounts, turnover stats, benefit use and employer costs, and other key data points that impact the financials of the business.

Here's how we address some of the top concerns among CFO's with our comprehensive platform:

  • Productivity of the Workforce

Through Performance Reviews and Goal Setting, you'll be able to review goal completions and ratings at the department or individual level to gauge if you've got the right team, or if you'll need to invest more to attact and hire quality candidates. 

  • Controlling Headcount Related Costs

Through Benefits Administration, and detailed tracking of training costs, PTO accruals and usage, as well as the number of Open Requisitions in the Applicant Tracking module, you'll have a clear idea on actual costs, be able to project future expenses and liabilities, and implement better fiscal controls in these areas, if warranted. See also - Time & Attendance module

  • Risk Management – Compliance with HR Policies & Laws - and the Risk of Lawsuits

The iSolved platform ensures that Federal, State, and Local laws are followed to reduce the risk of lawsuits and fines. This includes prevailing minimum wage rates for all locations, MA and CA sick time laws, recording of OSHA incidents, recording disciplinary actions (creates paper trail for terminations), recording and investigation of sexual harassment complaints, tracking pertinent certifications and licenses, and their expiration dates, employee training provided, and much more.

Other services like COBRA administration lift the burden on your HR & Payroll staff. This ensures that proper notification letters are sent out according to the law and that COBRA payments are collected. This service can further reduce company exposure to fines.

Lastly, our HR Services provide guidance on all employment matters. Our HR experts set up the proper infrastructure, perform HR audits, train and coach Managers on workplace conflict, harassment, and the questions they can't ask during an interview. We also help define workforce policies (i.e. company drug policy), review job descriptions for discrimination, and create/update the employee handbook to further reduce company risk and exposure.

The iSolved platform is not just for HR & Payroll users - it provides critical data needed by CFO's and Controllers to help them understand employee related costs and trends, promote greater cost controls, and drive both productivity and efficiency.