The Challenges
Before implementing Info-Tech HRMS and accounting software, Magnicon's HR and accounting processes were entirely manual. The finance department faced challenges managing and monitoring handwritten receipts in receipt books. Accountants found reconciling accounts, payables, and receivables to be time-consuming due to the meticulous review required for paperwork. This consumed a significant amount of their time every month.
Staff attendance verification had to be done manually by the HR department in office daily, while monitoring attendance and work hours for projects at various sites was even more challenging without on-site managers to supervise and manage timesheets.
This led to labour-intensive payroll calculations, which were susceptible to errors due to the manual calculation of working hours for each employee.
