Money Forward Enhances Commuting Allowance Features for Cloud HR Solutions

Enhancements in Commuting Allowance Features by Money Forward

In an effort to improve operational efficiency and streamline employee benefits management, Money Forward has rolled out new integration features for commuting allowances in its flagship products: Money Forward Cloud HR Management, Money Forward Cloud Payroll, and Money Forward Cloud Social Insurance. This move allows for a smooth connection of commuting allowance data across these products, significantly enhancing workflow from employee data registration to payroll calculation and insurance premium assessment.

Key Features of Commuting Allowance Integration

1. Enhanced Integration in Cloud HR Management

The Money Forward Cloud HR Management has now been upgraded to include new items within the employee section which offer specific settings for commuting allowances. Highlights include additional fields for “Eligibility Conditions,” “Payment Month,” “Amount,” and “Payment Method.” This means any requests from employees regarding commuting allowances can be automatically and seamlessly reflected in the payroll system. Furthermore, the introduction of new commuting methods—such as “Motorbike,” “Bicycle,” and “Walking,” in addition to “Train” and “Bus”—ensures broader accommodation of employee commuting preferences. More details can be found on the support site.

2. Advanced Features in Cloud Payroll

As a result of the enhanced integrations in Money Forward Cloud HR Management, it is now easier to maintain employee information in the Cloud Payroll system. New functionalities allow for specific eligibility conditions and payment intervals to be set for each commuting route. For example, an employee can receive six-monthly payments for train expenses and quarterly payments for bus fares. This flexibility means commuting allowances can be calculated more effectively and generates less administrative burden. Additional insights are available here.

3. Improved Integration with Cloud Social Insurance

Any information on commuting allowances derived from multiple routes, configured within Money Forward Cloud Payroll, is automatically reflected in the Money Forward Cloud Social Insurance system. This drastically reduces the manual checking needed for consistency and enhances the accuracy and efficiency of application procedures. For further details, check out the support site.

Background on the New Integration

Money Forward Cloud operates on a component-based ERP strategy, allowing companies to select and deploy only the essential functions needed for their specific challenges. However, managing master data across multiple services can become convoluted, particularly regarding employee and organizational information that needs precise and updated handling across multiple products.

The improvements in commuting allowance integration serve as a stepping stone towards strengthening the connection of diverse employee data points, thereby reducing the burden of duplicate management. Future plans include enhancements for connections related to “Bank Account Information,” “Social Insurance Information,” and “Leave and Disability Information,” ultimately reflecting accurate information while optimizing business efficiency and enhancing user experience.

Steps to Integrate Commuting Allowance

1. Register commuting allowance-related information in Money Forward Cloud HR Management.
2. Import the registered commuting data into Money Forward Cloud Payroll.
3. Conduct payroll calculations and confirmations in Cloud Payroll, adjusting values such as eligibility amounts and taxable amounts according to the new commuting allowance settings.
4. Import the payroll calculation results into Money Forward Cloud Social Insurance.
5. Carry out regular revisions in Money Forward Cloud Social Insurance, adjusting the calculation of monthly salaries as per the new commuting allowances.

About Money Forward Cloud HR Management

The Money Forward Cloud HR Management system is designed for centralized management of employee and organizational data. By facilitating seamless, paperless data collection and management from the cloud, this system integrates with services like payroll calculations and social insurance applications to automatically reflect current employee data, thus minimizing the manual labor involved during employee transitions.

More on Money Forward Cloud HR can be found at Money Forward.

About Money Forward Cloud Payroll

Money Forward Cloud Payroll simplifies the complex process of payroll calculations to a straightforward three-step system. By offering online pay slips, compliance with social insurance, labor insurance, and income tax requirements, this service notably reduces errors and administration time, achieving substantial cost savings.

Discover more at Money Forward.

About Money Forward Cloud Social Insurance

Money Forward Cloud Social Insurance focuses on simplifying social insurance application procedures, enhancing efficiency while keeping the process straightforward for users.

Learn more at Money Forward.