Why should an accounting and human resources system be implemented?

Why should an accounting and human resources system be implemented?

Are you considering upgrading your current accounting and human resources system but feeling confused by the options available in the marketplace? Implementing a together accounting and HR solution can significantly benefit your dental practice.

Deciding on the best solution for your Dental Practice can be challenging, and the answer isn’t always determined by your business size. In fact, it normally has to do with your budget as well as the level of complexity within your business.

Below are some of the advantages of why you should consider implementing an accounting and human resources system into your surgery:

Ready to use

Designers create accounting and human resources systems that are readily available and easy to install. This makes them ideal for your dental business, especially if you lack the time or resources to customize or develop a system from scratch. These systems also include features for strategic human resource management and financial analysis, offering a comprehensive solution for your practice.

Moreover, you should check what is available in the marketplace, as some implementation costs are minimal, while others can be quite expensive. Therefore, you should consider whether a free month’s trial is offered before committing fully.

In fact, most systems come with a standard set of pre-built features, which benefits dental businesses looking for an immediate solution to manage HR and finance processes. These features often include talent acquisition and management tools that help you attract and retain top talent.

With a complete set of features and an easy-to-use interface, you won’t need extensive training. This simplifies the installation process and allows you to quickly adopt data-driven decision-making processes in your practice.

 

Inexpensive

Designers create accounting and human resources systems with pre-built, standardized features. This makes the initial setup costs more competitive compared to a bespoke, complex solution. Some providers charge per employee, per month, while others charge per business, per month. Be sure to check this fully before committing. These systems often include cost management features, helping you maintain financial efficiency.

User-friendly

Accounting and human resources systems cater to all sizes of Dental Practices. They are designed with the user in mind. The functionalities and interface are intuitive and streamlined. This makes it easy for users to navigate the portal. The user-friendliness extends to features like performance evaluation. The use of performance metrics allows for effective employee management.

Good functionality

Accounting and human resources systems offer a wide range of features. These features meet the core needs of your dental business. They include workforce planning and strategic workforce capabilities.

These features include:

Make sure that you only pay for what you need, rather than for features that aren’t relevant to you. A good accounting and human resources system should offer modules for payroll accuracy, cost control and efficiency, and facilitate better accounting and human resources collaboration.

By implementing a comprehensive accounting and human resources system, you can streamline your practice’s operations, ensure compliance with regulations, and make more informed decisions based on

accurate financial and HR data. This integration of financial and human resource information systems can lead to improved overall performance and strategic resource allocation in your dental practice

Unlock HR Efficiency With Dental Professional Portal

Unlock HR Efficiency With Dental Professional Portal

It’s a common issue — dental practices across the country often fail to transition their HR systems because they’ve invested so much time in the technology they consider ‘familiar.’

However, if you’re still using outdated processes, up to 82% of your staff’s day may go to manual, paper-based HR tasks. Management teams worry that switching to a new system will be costly, time-consuming, and stressful, but that’s far from the truth.

A dedicated HR system designed specifically for dental practices is an invaluable tool that saves time, streamlines tasks, and provides valuable insights to boost overall practice efficiency. With advanced reporting and back-office management tools, a tailored HR system can reveal growth opportunities and enhance profitability.

Why Your Practice Needs an Updated HR System?

Increased Operational Efficiency

Unfortunately, traditional systems not uncommonly lead to massive amounts of unnecessary administrative work owing to how HR systems are designed, which requires each HR administrator to spend up to 5 hours per day.

A modern HR system eliminates these time intensive tasks to free staff time for more valuable work and reduce the danger of errors or compliance issues.

Enhanced HR and Financial Integration

Managing multiple finance and HR systems can make running weekly and monthly financial reports a challenge. An integrated HR and finance portal empowers your staff to access essential data quickly, keeping overheads and payroll outcomes in check and helping you manage costs more effectively.

Proactive Identification of Business Challenges

Integrating payroll and HR data enables practice managers to spot and address company-level challenges, such as pay disparities, that might impact team morale and retention. This system also supports inclusivity and diversity, fostering a positive work environment and improving employee retention.

Conclusion

And when you integrate a modern HR solution all your HR tasks are brought in one place, in a very efficient manner. It’s only fair to give your team a system that makes their job easier with one singular tool that covers your practice’s HR and financial functions all in one location.

HR Compliance Guide for 2024 – Dental Professional Portal

HR Compliance Guide for 2024 - Dental Professional Portal

What is HR Compliance?

HR compliance refers to professional standards, legal norms, and ethical practices in human resources management. It involves creating a progressive workplace that values the rights and quality of your employees.

HR compliance covers legal aspects such as equality legislation, health and safety regulations, and employment laws. Additionally, it considers ethical practices, like ensuring fair treatment of staff and fostering a transparent office culture.

Common HR Compliance Issues

Due to the demands of daily tasks, Dental Practice staff can sometimes make honest mistakes in HR compliance. Here are some common issues:

  • Discrimination: Unlawful discrimination based on ethnicity, gender, or age is not only illegal but also unethical.
  • Wage Regulations: Failing to pay the National Minimum Wage in your practice can result in hefty fines and damage to your brand reputation.
  • Working Time Violations: Not providing adequate breaks or allowing staff to exceed the legal maximum working hours could lead to legal action.
  • GDPR and Data Privacy: Mishandling sensitive employee data or failing to comply with the General Data Protection Regulation (GDPR) can result in severe penalties and damage trust with employees.

HR Audits and Checklists

An HR audit ensures that your HR processes and policies align with UK employment regulations. This audit is a strategic tool to maintain your dental practice’s success and compliance.

Use Our Ultimate HR Compliance Checklist to Stay Compliant:

  • Employment Contracts and Documentation
  • National Minimum Wage and National Living Wage
  • Working Time Regulations
  • Equality and Discrimination
  • Health and Safety
  • Annual Leave and Holidays
  • Sick Leave and Sick Pay
  • Right-to-Work Checks
  • Maternity, Paternity, Adoption, and Shared Parental Leave
  • Data Protection and GDPR Compliance
  • Termination and Redundancy
  • Pension Auto-Enrolment
  • Training and Development
  • Employee Handbook and Policies
  • Trade Union and Employee Consultation
  • Grievances and Dispute Resolution
  • Exit Leave
  • Compliance Verification

Your HR compliance checklist’s primary goal is to ensure your dental practice follows UK employment law. Reviewing your surgery’s HR policies and processes thoroughly can help identify areas of non-compliance.

Risk Management

An HR audit checklist identifies risks within your HR processes, enabling you to implement precautionary measures. This could involve addressing data security risks, discrimination, or other vulnerabilities. Understanding where your HR processes fall short will help you create a more resilient and efficient business.

Dental Professional Portal HR Portfolio

Say goodbye to HR challenges and streamline your operations with the DPP HR Portfolio. This tool offers a comprehensive online platform for your dental staff to showcase their professional portfolios, fostering a culture of growth and development.

Simplify HR tasks with DPP:

  • Effortlessly update contact info
  • Access earning statements 24/7
  • Seamlessly coordinate across practices

Stay on top of your game:

Take advantage of our free one-month trial and experience how these features benefit both your staff and business.