Client Overview
- The client is a service provider specializing in drone mapping and surveying, utilizing artificial intelligence to deliver insightful deliverables for their clients. These deliverables identify potential risks, threats, and relevant information pertaining to the surveyed site.
- These deliverables identify potential risks, threats, and relevant information pertaining to the surveyed site.
Client Challenges
- The client operates with a multi-entity structure, where each entity focuses on specific areas of expertise within the broader drone mapping and surveying service. Notably, the client employs individuals who contribute across multiple entities.
- This scenario necessitated a method for accurately apportioning employee costs and facilitating reimbursement between entities.
- However, the existing process proved to be time-consuming and inefficient, hindering the timely retrieval of cost center-wise breakdowns.
befree's Solution
We recommended the implementation of “Employment Hero” as a human resource management system (HRMS) solution. This platform enabled the consolidation of all employee data, encompassing individuals contributing to various entities, within a single, centralized data file.
- Streamlined Cost Apportionment: Employment Hero facilitated the automated allocation of employee costs to their respective entities, eliminating the need for manual calculations and streamlining the reimbursement process.
- Simplified STP Reporting: The system efficiently generated Streamlined Tax Processing (STP) reports, ensuring compliance with relevant tax regulations.
- Enhanced Cost Visibility: Employment Hero provided readily available cost breakdowns following payroll processing. This empowered the client with timely access to accurate cost center-wise details.
Results/ Benefits
By adopting Employment Hero, the client achieved significant improvements in:
Efficiency
Automation of cost apportionment significantly reduced the time previously dedicated to manual calculations.
Accuracy
Automated cost allocation minimized the risk of human error associated with manual calculations.
Timely Reporting
Employment Hero facilitated the generation of accurate and timely cost center-wise breakdowns, enabling informed decision-making.