Cloud-based HRIS (Human Resource Integrated System) has been a well-accepted offering in the marketplace for the better half of this decade. On a literal basis, the term refers to Software as a Service (SaaS) for HRMS and there are many benefits to using a cloud HRIS if hosted with the right software provider.
The Singapore government has been providing grants to encourage organizations to automate time-consuming human resource management processes. This also includes implementing tools to assist in the strategic decision-making process at the management level.
Overall, organizations that have adopted a cloud HRIS (purchase the HRMS application software outright and host it with the application provider for a reasonable fee) should enjoy the majority of the above-mentioned benefits.
The sole disadvantage of hosting purchased HRMS will be the upfront cost of application software which is considered as capital expenditure by some organizations. However, it can be partially offset by current generous government grants for purchasing HRMS to automate.
In summary, cloud HRIS has come a long way and it is widely accepted. It is particularly suitable for large MNCs with local branches or subsidiaries that might have the resources to maintain a secure environment.
The recommendation is to examine the benefits for both SaaS and Hosted HRMS and check that your application service provider has put in place good practices and processes to ensure you continue to get the benefits. I.E. You could use the above points as a checklist and get the provider to show proof that the processes are in place in delivering the SaaS HRMS or hosted HRMS.
If you are interested in adopting a cloud-based HRMS and would like to find out more about IQ Dynamics HRiQ HRMS System, please click here.
Our HRiQ HRIS system is available for both cloud-based and on-premise models with the convenient option of hosting your HR data with us if you do not have the resources or manpower expertise to do so.
With over 23 years of experience in the industry, HRiQ is a provider of HRMS and Talent Management systems to over 200 customers in the APAC region.