Human Resource Management System and Microfinance- Integrating management and technology

Human Resource Management System and Payroll is a system that has been the result of many innovations to ease the manual labor of the human resource professionals and to produce better results through these electronically automated processes. Microfinance and PACS is another initiative taken by many governmental agencies, banking sector and companies to support and fund the rural and financially backward sections as a means to revive the economic slump.

As an aftermath of the global economic meltdown, the employer-employee relationship has undergone changes in all dimensions. The majorly hit area being the growing distrust in the people resulting from the uncertainty and insecurity in their jobs, employers round the world are facing similar apprehension regarding employee loyalty. It is indeed a tough juncture, where an organization needs to decide upon the strategies that will not only help them to win competent workforce but also enable them to retain employees and build loyalty in such resource-constrained times. This is when the organization should focus on optimum utilization of its available resources which can be maximized with the help of human resource management systems and payrolls.

Human resource management system and payroll are the systems and processes that result from a blend of human resource management and information technology. It makes use of the Enterprise Resource Planning, or ERP software to integrate all the human resource and financial details in one single database. Traditionally a manually handled process, the human resource departments and administrative activities in most of the top organizations are nowadays run with the help of theses electronically automated processes such as the specialized human resource management systems and payroll systems.

Another factor that has gained importance in today’s economy is the concept of microfinance and PACS. These are the systems by which low-income population can have an access to world-class financial services. There are many sources from which the needy people can benefit from the microfinance and PACS. The rural financing is another offshoot of Microfinance and PACS which is a common agenda that gets featured nowadays in the list of many governmental policies as a means to accelerate the process of economic growth in financially weaker sections of the society. For the smooth operation of microfinance and PACS, many companies have come up with software package that are utilized by the banking sectors and many other agencies which are directly related to providing the rural sections with the necessary funding in order to assist them in their commercial ventures.

Human Resource Management System and payroll and microfinance and PACS are therefore some of the most technologically developed systems that are helping the commercial realm in efficiently combating with the lurking demons of the current recession. It is with the help and assistance of these systems that the most badly hit commercial zones are recovering to a new and encouraging path of progress. Nevertheless, it remains to be seen whether these new systems can prevent further damage.

Nelito Systems Limited is one of the leading system integration companies in India. We provide a range of products and services for core banking, microfinance, data archival, cheque truncation, etc, self service kiosks, human resource management system, document management, enterprise resource planning, customer relationship management, etc. and all the related software solutions. Our team is directed by eminent personalities who head different companies of the TATA group and we offer products and services by top vendors of the world. For further information please contact +(91)-(22)-27782646.