To win, a business needs two things: people and cash. The HR team’s job is to attract, retain, manage, grow and develop the workforce while keeping the company compliant with HR laws. The finance team is there to grow revenue and profit and keep cash flow healthy while managing other types of capital, controlling expenses, maintaining compliance with finance and accounting laws and reporting financial results.

These two functions form the backbone of every company. HR manages people, finance manages cash.

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Adi Brings New Workforce Management Capabilities

Oracle NetSuite acquired Adi Insights to provide workforce management capabilities that helps businesses increase employee efficiency and productivity. It allows managers to optimise the deployment of people while considering productivity, compliance and financial impact.

These added capabilities will provide:

  • Time and attendance to enable employees to clock in and out on Android tablets, iPads or using a mobile app while providing staff-schedule insights, including forecast-versus-actual comparisons.
  • Visual scheduling to evaluate whether a location is overstaffed or understaffed, make it simple for managers to share workers across locations and allow employees to swap shifts or seek availability adjustments.
  • Labour forecasting to optimise staffing at one or across several sites based on data from point-of-sales systems, foot traffic, sales and customer visits.
  • A configurable wage rule engine to automate compliance with many state and federal overtime laws.
  • Insights and analytics to help decision-makers better forecast labour needs, schedule employees and optimise your staffing mix.

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Bringing Together HR and Finance

The combination of these capabilities with NetSuite financials will help our customers across many industries optimise employee staffing by accurately forecasting labour needs, lining up the right employees and then dispatching people to the appropriate locations, eliminating double scheduling and unexpected overtime.

Finance teams benefit from accurate capture of time data, which can then be sent to payroll in an automated manner, minimising payroll errors while improving process efficiencies. HR will like the increased employee engagement that comes with the ability to allow employees to choose their schedules, swap shifts or take extra shifts when authorised. We call that a win/win/win.