For many businesses, including construction, manufacturing, distribution, etc., labor is the most significant expense. Estimating costs for a small job with few employees may be relatively simple. But as the job and the workforce scale up, labor allocation is likely to cause headaches and much more work.
So, How do you ensure profitable projects when you may have multiple jobs and hundreds of employees involved?
If you're using Microsoft Dynamics ERP, you're aware of the robust financial tracking and project management functions. You can track projects, manage tasks across departments, and gain valuable insights into your company's financial condition. It's no wonder Dynamics is a top choice for many businesses.
But while Dynamics 365BC and Dynamics 365F&O have functionality to enable growth, they are mainly enterprise resource planning (ERP) software. Alone, they aren't the perfect solution for payroll or other HR-related processes. However, you can enhance the capabilities of Dynamics 365 ERP solutions by integrating an HCM (Human Capital Management) solution to handle tough HR and payroll challenges. Criterion HCM helps HR professionals achieve better labor allocation and calculate complex payrolls automatically. Criterion HCM meets these complex challenges head-on by combining advanced enterprise functionality and configurability with a simple, best-in-class user experience featuring both power and simplicity in a single, unified cloud platform.
Consider Criterion HCM for Dynamics 365.
Criterion is HCM software built to
Our team at Criterion partners with Microsoft Dynamics 365 to help companies create a more connected, profitable system as the center of operations.
Our open API allows for integration with any ERP, and our single-database structure supplies a seamless data connection for collaboration. You'll experience continuous, real-time data transfer when you integrate Criterion HCM with
Meet the challenge of complex labor allocation and job costing using Dynamics 365.
Labor expenditure is critical for any organization, especially in variable, project-based businesses. To scale your operation and remain profitable, your team must be successful at multi-level
For instance, say you have a construction company with 500 employees, and you're currently working on 30 different projects. Now, imagine there are 15 specific jobs for each project, and all the projects are in different states. For each project, you will likely track regular, union, and overtime wage rates.
That's just for payroll and labor. You'll also need to track material costs, contracting fees, licensing fees, equipment costs, etc. There may even be more variables to account for in payroll and wage rates per union, state, or locale. And don't forget about calculating taxes and deductions such as union dues and healthcare benefits for each employee.
It can be pretty complex. If you're tracking all this against the price you quote for each job, you're no longer looking at a general ledger with a couple hundred lines. Likely, there will be thousands of lines to analyze and report on each
Criterion HCM performs all these calculations for you and automates your payroll and general ledger matching. Accelerate your time to insight and eliminate duplicate data entry by integrating Dynamics with Criterion HCM. Criterion HMC also unifies your financial database with your HCM system through bi-directional integration with a seamless API-to-API connection. You'll have immediate data sharing, connecting project data, payroll, and financial data into one unified system, ensuring data integrity without versioning issues.
Look what HCM and Dynamics 365 integration enables you to do:
Sync Dynamics ERP and Criterion for in-depth labor allocation
Automatically track and calculate employee hours with other employee data, including wage rate, union affiliation, tax liability, etc. Share workforce insights via custom visual reports.
Sync payroll and project journals for job cost analysis in MS Dynamics 365
Leverage the data in your general ledger. Criterion will submit a journal entry report back to Microsoft Dynamics automatically — with project data factored in. Generate custom reports tracking equipment, labor, etc., for each job.
Complex payroll calculations
HR data management
With Criterion, you connect everything (ERP, payroll, etc.) in a single database in a cloud-based solution with unlimited storage. Your system scales with your business.
Criterion provides hiring, onboarding, and training workflows in one place. Manage applications, resumes, interview scheduling, etc. Also, build custom training and rewards programs.