StoHRM HR solution for an MFI

Overview

Being a staff-oriented business, the client was looking to strengthen their HR practices by adopting industry best practices and leverage an integrated HR system. They were looking for a partner more than a service provider to engage on a long-term basis for designing and implementing customized HR solution that suits the client’s HR requirements.

Our Client

Our client is a leading Indian micro-finance institution (MFI), expanding in rural areas, with over 800 employees.

“AscentHR’s fully customizable solution gave us all the tools to enhance our employees’ experience at every HR-related touch point.”

Challenges

Solutions

Outcomes

The outcomes from the engagement were:

  • Automation: Saved over 40% of time spent on repetitive tasks due to automation. The solution also helped the client to increase productivity and save costs.
  • People analytics: As the data is now accessible anytime, anywhere, and across devices, client is now empowered to take informed hiring decisions, enhance workforce operations, and improve employee experience.
  • Focus on high-value tasks: Teams are able to focus more on strategic objectives and development-oriented activities.
  • Streamlined HR and payroll processes: The application streamlined the HR and payroll tasks resulting in a truly consolidated experience of managing the end-to-end employee life cycle.

Conclusion

AscentHR helped the client to address their short, medium, and long term HR requirements, enabling them to build a scalable organization.

Facilitating internal movements and determining talent risks are easier. Learning, growth and separation-related activities were digitized.