Microsoft and human resources management company ADP are partnering for a holistic business management solution that combines financial and human capital data analytics, the companies recently announced.
Together, the businesses revealed they are integrating ADP’s Workforce Now HCM solutions with Microsoft Dynamics 365 Business Central. Joint business customers of the solution can unify their payroll, HR, time management, tax and other HCM functions with their business management processes within Microsoft Dynamics 365 Business Central, with data automatically updated and unified across both platforms.
“The workforce looks completely different today than it did just five years ago, and doing business is more complex than ever,” said ADP Chief Strategy Officer Don Weinstein in a statement. “We are empowering employers to navigate complexity by connecting their multiple, disparate, cloud-based systems to leverage employee data and business performance tools to gain powerful insights.”
Weinstein added that moving forward, Microsoft‘s and ADP’s research and development teams will collaborate on additional integrations.
“We are witnessing a fundamental shift in how businesses run and operate,” added Marko Perisic, general manager of Microsoft Dynamics 365 Business Central. “We’re observing that company data is being used, through modern artificial intelligence techniques, to generate insights that empower companies to do business like they never could before. I see the future of this relationship as incredibly synergistic, as we combine our cloud technology expertise with our power to reason around employee and financial data, in a private and secure way, to help our mutual customers be more productive.”
The integration is available on the ADP Marketplace app store, the companies noted, as well as the Microsoft AppSource platform.
According to the latest data from ADP released last month, the U.S. added 178,000 jobs from April to May, slightly down from the 190,000 job gains estimated by economists surveyed by Bloomberg.
“The hot job market has cooled slightly as the labor market continues to tighten,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute, when the data was published. “Healthcare and professional services remain a model of consistency and continue to serve as the main drivers of growth in the services sector and the broader labor market as well.”