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Oligo

Improving Financial Reporting in HRMS

Mandy Yeoh, Oligo | HR Tech Outlook | Top Human Resources Management Solutions Providers In ApacMandy Yeoh, Regional Managing Director
Oligo is a trusted partner for organizations aiming to enhance day-to-day human resource (HR) operations. Its award-winning human resources management system (HRMS) continuously seeks new ways to improve and build coherence between finance and HR for meaningful financial reporting.

One of the standout features of Oligo’s HRMS is its ability to generate custom reports for financial use. These reports offer an in-depth analysis of employee expenses, salaries and other essential financial indicators. Unlike traditional HR reports that are often limited in scope, Oligo’s custom reports integrate data from various HR modules, including attendance, payroll and claims. This integration results in a comprehensive financial perspective that traditional HR systems fail to provide.

By compiling data across these modules, Oligo’s customized reports enable businesses to gain a holistic view of their financial information. This level of detail allows organizations to understand the true cost of their workforce and make informed decisions that drive efficiency and profitability. Not just that, these reports cover multiple financial aspects across Southeast Asia, offering a panoramic view of the company’s financial activities and obligations.

“Our HRMS is a strategic ally that empowers organizations to foster a seamless collaboration between finance and HR—paving the way for more informed, strategic decision-making,” says Mandy Yeoh, regional managing director.

Oligo’s team takes full responsibility for the implementation process, starting with an in-depth study of the client’s expectations for output reports. This involves assessing the capabilities of the previous system or understanding the specific outputs the client desires if no such reports currently exist.

Based on this analysis, the team advises on the best approach to implement and set up these reports within the client’s system. Through this thorough process, Oligo ensures that clients receive reports that are not only comprehensive but clear and actionable. By simplifying complex data into focused, purpose-driven reports, Oligo helps clients gain valuable insights without being overwhelmed.

Our HRMS is a strategic ally that empowers organizations to foster a seamless collaboration between finance and HR—paving the way for more informed, strategic decision-making

For instance, one of Oligo’s clients faced significant challenges in managing attendance and payroll reports. The client’s HR department spent considerable time manually compiling data from various sources, leading to inefficiencies and errors. Oligo’s team collaborated closely with the client to understand their requirements and configured the HRMS to generate comprehensive GL reports. These reports included detailed attendance and payroll data, as well as integrated claims and allowance information, providing the finance team with a complete financial overview.

Oligo’s team also provides comprehensive training sessions for clients. This training is crucial, especially when knowledgeable HR personnel leave and new employees need to quickly get up to speed. To address this need, Oligo has expanded its training division to offer in-depth sessions on the software’s administrative functions. These sessions are tailored specifically to each client’s unique system setup, rather than providing generic training, ensuring both new and existing clients benefit from a deep understanding of the HRMS.

Numerous awards and recognitions are a testament to Oligo’s innovation. The company was honored with the prestigious Entrepreneur 100 Award from the Association of Trade and Commerce Singapore, following its 2023 Singapore SME 500 award. These accolades solidify Oligo’s reputation within the small and medium-sized enterprise sector.

Oligo has enhanced its HRMS with features like Single Sign-On (SSO) and a smooth implementation process, making it easier for clients to use the system effectively. These improvements streamline processes, benefiting current users and establishing Oligo as a leader in HR technology. By prioritizing client needs, Oligo ensures that financial and HR functions work together efficiently, improving overall business operations.

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Top 10 Human Resources Management Solutions Providers In Apac - 2024

Oligo

Company
Oligo

Management
Mandy Yeoh, Regional Managing Director

Description
Oligo is a leading HR and payroll outsourcing agency in the Asia-Pacific region, headquartered in Singapore. It provides comprehensive HR management solutions, including payroll automation, leave management, roster and attendance tracking, and expense/claims management. The company has made recent developments and enhancements to its HRMS, focusing on financial reporting.