What is Factorial HR and how does it work?

Factorial HR is an all-in-one business management platform that streamlines HR administration, time tracking, and talent management for small to medium-sized businesses. The integration with Abacum connects your workforce data directly to financial planning, enabling more accurate headcount planning and personnel cost forecasting.

Benefits of Integrating Factorial HR with Abacum

• Sync employee data, compensation details, and headcount changes automatically from Factorial HR to Abacum's FP&A platform

• Eliminate manual data entry between HR and finance systems, reducing errors and saving hours of administrative work each month

• Build dynamic headcount plans that reflect real-time organizational changes, new hires, and departures captured in Factorial

• Create accurate personnel cost forecasts using actual salary data, benefits information, and time-off accruals from your HR system

• Connect workforce metrics with financial performance to analyze productivity, calculate revenue per employee, and optimize resource allocation

• Enable finance and HR teams to collaborate on unified dashboards showing both people analytics and financial KPIs

• Automate variance analysis between planned and actual personnel costs with real-time data flowing from Factorial HR

• Support scenario planning for organizational changes by modeling different hiring strategies and their financial impact using integrated HR data