The process of awarding merit increases has traditionally been both time-consuming and prone to errors. With FourVision's Advanced Merit Increase functionality for Dynamics 365, you can say goodbye to manually extracting data from multiple sources, entering it into spreadsheets, which are then circulated via email for approval, posing a risk to data security. Our app is integrated

This tool builds upon your existing Microsoft Dynamics 365 Finance core (HR) features and gives you a smoother, easier way to manage performance based rewards.

Streamline salary increase automation

Automatically capture all relevant data from Microsoft Dynamics 365 for Finance & HR, eliminating the need to manually export, import, and calculate salaries in Excel. Integrated seamlessly into FourVision’s Performance Management Web App, each employee’s performance score is automatically updated, ensuring a smooth workflow.

Increase budget awareness

HR and managers maintain complete control over workflows. They can set predefined merit increase budgets and handle multiple currencies as needed. Managers have the flexibility to allocate different merit increases to individual employees. This efficient process saves time, enhances transparency, and provides managers with a unified overview, minimizing the risk of unauthorized access to sensitive salary data, and eliminating the reliance on emails and spreadsheets for information.

Advanced Merit Increase for Microsoft Dynamics 365

Salary increases are linked to your performance cycle: Merit functionality is embedded within Performance Management for Dynamics 365. Reward employees with bonuses based on performance, ensuring decisions are data-driven and bias-free.
Automated Data Integration and Calculations: Automatically integrates and updates salary data directly in Dynamics 365 Finance, removing the need for manual data entry from sources like Excel. This feature supports multi-factor merit calculations including annual increments, performance scores, bonuses, promotions, etc.
Dynamic Budget Management: Enables HR or finance to set budgets, while line-managers can allocate merit increases to their teams. Features include real-time budget reminders, adjustment capabilities, and automatic calculation checks to maintain budget control and enhance strategic workforce planning.
Flexible Compensation Structures: Allows for allocation of flat increases based on compensation regions or performance data. It includes the ability to assign different increases and bonuses to individual team members or entire teams, supporting both relative and absolute increases in local currencies.
Enhanced Workflow and Approval Processes: Configurable multi-step approval workflows are tailored to fit organizational needs, including the optional use of alternative or dotted-line management hierarchies. This feature simplifies manager self-service, allowing for efficient merit and bonus distribution.
Transparency and Efficiency in Operations: Increases budget visibility and supports efficient, transparent processes that minimize risks of sensitive data exposure and eliminate reliance on traditional, cumbersome methods like spreadsheets and emails.

Interested? Contact us and we will make this work for you.

Check out our website for more information: fourvision.com

Advanced Rewards Management for Dynamics 365

Видавець: FourVision