Integration with ADP®
HRSoft's API connector integrates with the ADP Workforce Now®, ADP Lyric, ADP Vantage HCM®, and ADP Workforce Now® Next Generation to automatically transfers data.
ADP Applications Integrated
- ADP Lyric
- Vantage HCM®
- ADP Workforce Now®
- ADP Workforce Now® Next Generation
Integration Type
- Buy Now
- Read data from ADP
Application Type
- Data Connector
Data Sync Frequency
- On-demand
Data Fields
- HRSoft's pre-built API Connector automatically transfers data from ADP to HRSoft using single sign-on for a simple user experience.
Total Compensation Management
HRSoft's Compensation Management is a compensation planning solution that helps organizations make better compensation decisions while dramatically reducing cycle times with a streamlined, accurate and auditable process.
Frequent Incentive Plans
- Implement, manage and optimize incentive programs that operate on shorter timeframes than traditional annual or quarterly programs.
Manage Spot Bonus/Off-Cycle Workflows
- Promote a culture of recognition by rewarding employees for exceptional performance and contributions outside the regular compensation cycle.
Manage Complex Proration Rules
- Ensure employees are compensated fairly for their contributions based on tenure and performance during their incentive period, including changes in jobs or areas of responsibility.
Long-Term Incentives & Bonus Deferrals
- Distribute and manage compensation awards over an extended period while remaining compliant and supporting various deferred compensation arrangements.
Bonus Calculations & Allocations
- Automate complex bonus calculations and facilitate review and leader discretion to ensure accurate, timely and fair distribution of bonuses aligned with your organization’s performance metrics.
Salary Management
- Allocate compensation budgets while ensuring competitiveness, fairness and alignment with business objectives.
Carried Interest
Forward-thinking private equity, venture capital and property development firms use HRSoft to manage carried interest programs for their employees. Our platform allows firms to track performance-based incentives and align employee compensation with investment success.
Gain Actionable Insights
- HRSoft has various data options, including partner, fund and deal-level reporting. Prepare forecasts and reports within one convenient platform and save data to be reviewed at a future date.
Improve the Participant Experience
- Reduce the manual burden of report generation and processing with HRSoft's self-serve participant portfolio that includes includes: portfolio holdings, reports, forecasts.
Oversee Activities & Performance
- Manage ownership allocation and capital events while tracking your carried interest and co-invest programs.
Total Rewards Communication
Create an interactive and dynamic total rewards experience for your employees with HRSoft. Our Total Rewards Communication platform allows employees to see a full breakdown of compensation, bonuses, long-term incentive programs and benefits.
Unified Rewards Platform
- Communicate the full value of employment by showing all components of your total rewards and compensation programs in a single, accessible platform.
Custom Branding
- Tailor the visual design, language and branding to ensure every employee touchpoint reflects your corporate communication strategy.
Mobile Responsiveness
- Keep your employees informed and engaged with an accessible, fully responsive online experience. Users can access their total rewards information at any time, from any location, and on any device.
Two-Way Engagement
- Transform the total rewards communication process into a dynamic dialogue by collecting employee feedback directly through HRSoft.
Long-Term Incentives
Our flexible configurability, branded employee portal, and seamless integration allow organizations to navigate the complexities of long-term incentive programs.
LTI Agreement Generation & Distribution
- Automate the creation and distribution of LTI agreements through a configurable planning and award system.
Deferred Compensation
- Deferred cash bonuses
- Deferred stock or equity awards
- Employer contributions to retirement plans
- LTI plans with deferred payouts
- Deferred compensation arrangements help to align employee interests with the long-term success of your organization. Use HRSoft to set up deferred compensation for any type of reward.
Cash-based & Stock-based Awards
- Whether you offer cash-based awards, stock-based awards, or both, HRSoft’s highly configurable LTI software makes it easy. Automate the full LTI process for any deferred cash or phantom stock program.
LTI Award Tracking
- Monitor the progression of the vesting schedule with HRSoft’s user-friendly dashboard. You can also manage the timeline and conditions under which LTI awards become vested, and calculate the final value of an award with multiplier processing.
Automated Forfeiture Rules
- Change in control forfeiture
- Performance forfeiture
- Retirement forfeiture
- Termination forfeiture
- Effectively mitigate risk, enhance transparency and maintain the integrity of your LTI program by letting HRSoft automate the enforcement of forfeiture conditions.
LTI Allocation
- Determine eligibility
- Set allocation parameters
- Define performance metrics
- Allocate awards
- Communicate details to employees
- Monitor and evaluate performance
- Distribute rewards fairly & effectively
DocuSign Integration
- Secure legally compliant digital signatures for equity, long-term incentive, and deferral agreements with DocuSign. Integrated with our compensation lifecycle management suite, it reduces administrative effort, enhances transparency, and provides secure access to a flexible document repository.
Pay for Performance
Incentivize your employees to meet their goals with pay-for-performance software that connects performance to compensation. HRSoft ensures cross-functionality and intelligent data management, allowing you to test processes and reinforce company standards.
Automate Commissions Calculations
- HRSoft's calculation engine automates commission calculations based on predefined structures, reducing errors and manual effort in payroll processing.
Visibility Into Variable Pay Calculations
- HRSoft offers detailed breakdowns of how variable pay is calculated and outlines the factors and criteria involved. This provide new levels of transparency to variable pay calculations by clearly communicating how and why employees are compensated.
Self-Serve Capabilities
- Empower your team with self-service tools to manage plan updates, overrides, and detailed breakdowns of compensation data.
Variable Pay
Automate and manage the calculation, tracking, and payment of sales commissions and variable incentives across your organization. HRSoft’s Sales Commission software increases transparency and accuracy, helping to drive a more motivated and performance-focused sales team.
Automated Precision
- HRSoft's calculation engine automates commission calculations based on predefined structures, reducing errors and manual effort in payroll processing.
Gain Visibility Into Variable Pay Calculations
- HRSoft offers detailed breakdowns of how variable pay is calculated and outlines the factors and criteria involved. This provides new levels of transparency to variable pay calculations by clearly communicating how and why employees are compensated.
Self-Serve Capabilities
- Empower your team with self-service tools to manage plan updates, overrides, and detailed breakdowns of compensation data.
Scalability & Growth
- HRSoft's software that grows with you. Your team can make iterative improvements, implement changes swiftly, and customize solutions without extensive coding knowledge.
Awards Modeling
Determine how to reward your top performers with sophisticated modeling and calculations. HRSoft’s award modeling software provides accurate data analysis and simulations to help you make informed decisions about compensation structures and incentives.
Complex Award Calculations
- Model award calculations accurately and precisely using intricate compensation structures and diverse employee groups. Manage complex plan designs that account for employee promotions and changes in responsibilities. Ensure employees understand the plans' effectiveness by providing clear visibility into how awards are calculated.
Bonus Calculations
- Manage the calculation and processing of multiple types of incentive and bonus plans.
Proration Calculations
- Predict and manage compensation spending more accurately by accounting for prorated eligibility due to hiring, terminations and employee movement throughout the year.
Spot Bonus Automation/Incentives
- Centralized monitoring of these programs, combined with distributed administration and approval capabilities, ensures that awards are granted efficiently and equitably.
Budget Modeling
- Model different budget scenarios using the most up-to-date employee information and applying various business performance outcomes.
Award Calibration
- Adjust and fine-tune individual compensation awards to ensure fairness, consistency and alignment with organizational goals and performance standards. Account for any last-minute adjustments to budgets or allocation strategies.