Financial firms benefit from HR software automating processes like onboarding, performance, and absence management. Compliance support ensures adherence to laws and regulations. Robust analytics and reporting aid decision-making.
HR SOFTWARE FOR FINANCIAL SERVICES AND BANKING FIRMS
Do your best work
Attract and keep the best people with our powerful and comprehensive people-management solutions. Designed to help firms in the finance sector reach their strategic goals.
Software that supports your people strategy
Ciphr’s cloud-based human resources (HR) software helps financial firms stay connected and work efficiently when they need to most – even when operating remotely.
“To comply with the Senior Managers Certification Regime (SMCR), we have to be able to assess the fitness and propriety of all our people. Ciphr helps us collate and check that information.”
Enjoy simple SMCR solutions
Under control and in one place
With Ciphr’s HR solutions for the financial services and banking sector, you can establish and maintain robust SMCR employee records within your HR system, which helps you simplify and automate processes, mitigate risk, and record and report on compliance.
Assign prescribed responsibilities to senior managers
Record checks and store documents against senior managers’ records
Create auditable records of which responsibilities were accepted and when
Report on who holds each senior manager function (SMF) at the click of a button
Conduct and store performance reviews
Create statements of responsibilities
Upload a responsibilities map
Record attestations
Make getting and staying certified easy
Checked, balanced and under control
Firms will love that they can:
- Carry out background checks by integrating Ciphr’s solutions with Experian’s background checking services
- Create and review auditable, point-in-time reports for certification checks – what checks were carried out, when, and who certified an employee
- Create, send, and store certificates related to certified employees
- Set automated alerts and notifications to ensure future checks are renewed as required
- Quickly report on all employees who hold a certification function
- Manage regulatory references quickly and easily
- Conduct and record performance reviews
- Record certification checks and attestations
Get added value from reporting
Added value reporting
Ciphr HR’s reporting functionality can help financial services and banking firms make better, more timely and informed decisions. Report on all employee data held in our HR software and any linked systems and save time on manual data collation.
Ciphr’s gender pay gap reporting functionality also provides you with the reports you need to meet the UK government’s reporting requirements (mandatory for organisations with more than 250 employees).
“The total reward statements show employees there is more to reward than the basic salary. It’s a really good tool that helps them to see the broader picture.”
What is the role of HR software for the financial services and banking sectors?
Time is money
HR teams within the financial services and banking sectors have to ensure that staff are all equipped with the tools and knowledge they need to deal with constant changes, and Ciphr’s human resource management software can provide a helping hand. With HR software, organisations in the financial services sector can save time on administrative tasks and improve communication and efficiency across the entire organisation.
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