Dear HR Practitioners,
Do you think HR and Finance system should integrate and use the same system?
What are the advantages and disadvantages of integration?
1. As long as the control features / access rights are set accordingly on the “need to know basis”, it is alright to have an integrated system with benefits like cost savings, maintenance and facilitation in reporting if the employee is responsible for the 2 functions.
2. In my opinion, almost all parts of the info can be integrated but be controlled by administration rights, user rights, edit rights and who can access to what info. Yearly labour budgeting, monthly payroll purposes, yearly tax reports especially for expats, and head count planning are most commonly needed so best if these are integrated to save time and efforts.