Payroll solutions provider Inova Payroll has debuted an application programming interface (API) integration with M3, an accounting and human capital management (HCM) platform developed for the hospitality industry.
In a press release this week, Inova said its API integration connects its payroll platform into M3's HCM solution to facilitate data sharing with the time, attendance and labor management tool, addressing the friction hospitality industry companies can face when onboarding and offboarding employees, changing job titles or adjusting pay rates. The companies also noted that the API integration will support enhanced data security for joint customers.
"The API-driven integration platform that M3 supports will allow us to increase security, and decrease the number of steps in processes, while delivering higher data quality and integrity," said M3 Product Manager of Integrations Tim Pinson in a statement.
The connection facilitates data integration between the Inova HCM and M3 platform, the firms noted.
"M3 has been an important partner to Inova over the years, and this is something both companies saw as an important way to provide additional value to our current and future clients," said Inova Senior Vice President of Sales and Marketing Melanie Crow in another statement.
The interconnectivity between payroll platforms and human capital management solutions is an increasing focus for B2B FinTech firms and their corporate customers. Last year, employee time-tracking company OnTheClock told PYMNTS in an interview that API integrations are a key component for the company in its efforts to combat errors and fraud in payroll, automating wage calculations based on data within the time-tracking platform.
Other areas of payroll and human capital management are exploring the benefits of API integrations, too. Earlier this year, payroll company Paychex announced its own API integration with QuickBooks Online, a move that enables data to move between the Paychex General Ledger Service into the QuickBooks Online platform. APIs have also emerged as a useful tool in the workers' compensation industry, with Oyster Insurance recently introducing an API to the market, allowing employers to receive a service quote for workers' compensation products.