4finance: Improving local absence compliance
4finance, one of Europe’s largest digital consumer lending groups, implemented the edays absence management solution to improve local regulatory compliance and better utilise their absence data.
How edays transformed the way we approach absence
Reporting & intelligence
Full workforce visibility
We really struggled with countries using the old HRIS system, we had very little flexibility and limited functionality across HCM. With the combination of Cornerstone for booking and managing learning alongside the absence tracking and reporting offered through edays, we’ve found a solution that has saved endless hours of admin and increased employee engagement globally.
Since using edays, 4finance has achieved complete adoption of the absence management platform across 19 countries and their HR team can now easily add and update country-specific rules within the platform. 4finance has restored confidence in their absence data and improved employee experience overall through the edays system integration with Cornerstone OnDemand.
Before edays, 4Finance had identified that the HR platform they were using to record holiday and sickness was not suited to their business for various reasons, acknowledging that these processes needed to change for the better.
The existing system had a poor UI/UX that failed to engage their employees, resulting in several teams within 4Finance adopting localized and manual solutions for managing absence. This amounted to a very complex amalgamation of systems that made it impossible for HR staff to monitor employee headcount and view absence trends or patterns. On top of this, they were struggling to remain compliant with the local absence rules and regulations of the countries they operated within due to the inflexibility of their system, creating unknown financial liability.
4Finance decided to embrace these challenges and improve the current situation by seeking a new solution. They were looking for a solution that would simplify the complex web of systems that they had in place to manage their absence processes. It also needed to ensure that 4Finance is compliant with the local absence regulations within the countries they operated in and act as a single point of truth for their absence data.
To tackle these challenges, 4Finance got in contact with edays through their HRIS provider Cornerstone, one of our valued partners. From there they decided to work with edays on a project to take their absence management processes to the next level. Four main project drivers were identified.
The first driver was to get a system in place with the flexibility to allow administrators to set rules and limits for different countries, allowing them to easily meet the absence regulations of the 19 countries they operated in.
The second was to simplify the complex amalgamation of systems they were using. This would give 4Finance’s HR team a single point of truth for all of their data, restoring confidence in their absence data and providing them with an accurate representation of their employee headcount.
The third was to deploy a solution that would drive and encourage employee engagement through user-friendly UI/UX and ease of use.
The fourth was to create an API integration with Cornerstone OnDemand, allowing single-sign-on access to edays direct through the Cornerstone portal.
4Finance has achieved full adoption of the edays solution across the organization due to maximum buy-in from all key stakeholders. The HR team can now easily create and update country-specific rules allowing them to remain compliant across all locations.
The complex amalgamation of localized and manual solutions is no more, giving 4Finance one single point of truth for all absence data and restoring confidence in their absence data.
The project overall has been a huge success for 4Finance, the integration between edays and Cornerstone has allowed them to enhance employee experience across their organization.