Workbrain for Financial Services
The workforce management solution:
- Reduces costs through time and attendance automation
- Improves compliance and transparency through reporting
- Increases operational effectiveness by eliminating legacy systems
The Benefits
Workbrain workforce management solutions help large Financial Services firms:
Reduce operating costs
Improve net income through the reduction of employee expenses and improving Return on Equity, Return on Assets and operating ratios to give shareholders greater confidence in management effectiveness.Ensure Corporate Governance Compliance and Transparency
Control banking processes through the monitoring of operational risk indicators which provide a view into potential liabilities. Risk indicators include overtime by back office staff, staffing levels, employee turnover rates, and entitlement monitoringGain visibility into operations
Eliminate disparate employee management systems across divisions with a seamlessly integrated, scalable, workforce management system. Powerful analytics and predictive capabilities help your organization achieve greater visibility into the hidden factors inhibiting workforce performance. Absence management capabilities enable organizations to gain visibility and insight into absenteeism patterns and trends to make informed decisions that directly impact workforce productivity.
Workbrain Solutions for Financial Services Capabilities
Workbrain’s total workforce management solution helps financial service companies address the challenges of managing a large, disparate workforce. Workbrain solutions are designed for financial segments such as banking, insurance, and wealth management.
By standardizing and streamlining frequent labor management processes, Financial Services firms enjoy the following benefits from Workbrain solutions:
- Time and Attendance (100% pay rule automation) increases net income by reducing costs and improving Return on Assets, Return on Equity and operating ratio. It eliminates legacy systems and administration resulting in dramatically reduced payroll, HR and IT costs and the manual errors that result in overpayments and underpayments.
- Real-time reporting & exception-based alerting provides warnings and visibility into overtime by back-office staff, staffing levels, employee turnover rates, and entitlements.
- Employee Transaction Manager allows employees to service their own administrative needs reducing demands on IT, minimizing supervisor workloads, and creating an improved work life experience. Delivered reports offer real-time operational risk visibility to help with governance initiatives. Helps coordinate the approval process between staff and management.
- Workforce Absence automates and integrates the entire absence and leave management process, providing a centralized system for managing, reporting and analyzing all absences an associated employee leave. The solution automates 100% of an organization’s leave management processes to significantly increase productivity, reduce administrative loads, and improve employee satisfaction.
- Attendance Management provides further operational visibility into workforce operations. Offers visibility into violations of time and disciplinary actions taken. Helps with the administration of Lost Time and termination through employee tracking.
- Daily and Weekly Timesheets eliminate manual time entry for non-exempt staff providing further consolidation onto one scalable WFM solution.
- Scheduling functionality such as shift trading, schedule bidding, and staff scheduling allowing optimal scheduling and utilization of workforce.
- Skills & Training functionality provides a central repository of employee qualifications that are used by Workbrain scheduling to ensure optimal workforce deployment.
| |||||
 | |||||
| |||||
| |||||
| |||||
| |||||
| |||||
|
