Effective Human Capital Management (HCM) is instrumental in gearing businesses towards success. A 10-year study cited by the Forbes Human Resources Council showed that human capital-focused firms in the US had a 79.2% rise in net income over a decade against 7.5% for their competitors.
However, choosing the right HCM solution is a strategic decision that should align with your business goals and needs. To help you guide and simplify the process, we have compared two of the best HCM solutions in the market: isolved vs Automatic Data Processing (ADP).
Explore their core functionalities, tools, and offerings to find which solution will help you streamline your essential HR functions along with hiring, retaining, and developing the top talent for your business.
Feature | isolved | ADP |
Payroll | Automated payroll handling, employee self-service features, tax filing, ACA compliance, FMLA management, COBRA, 401(k) compliance | Automated payroll handling, multi-country payroll processing, multi-jurisdiction tax calculations, advanced compliance and benefits administration |
Workforce Management | Automated timekeeping and attendance, mobile app, employee self-service for PTO, shift coverage, etc., linked to payroll and HR | Offers biometric clocks, mobile app, advanced time-tracking tools, absence management, over-time calculations, all linked to payroll and HR |
Talent Acquisition And Retention | Applicant tracking system, background checks for talent acquisition, performance learning management system (LMS)
| Offers an internal data pool for deeper analytics, ADP Learning Management |
AI-Capabilities | Automates core HR functions, Conversational Virtual Assistant, Predictive People Analytics | More focused on predictive analytics, automates talent acquisition, ADP Assist to manage critical tasks
|
Customer Support | Available via email 24/7, the standard turnaround time for an email response is 24-48 hours | Offers live service support 24/7/365 through chat, email, and phone |
What Is isolved?
isolved HCM is a cloud-based platform designed to streamline HR, payroll, and benefit functions for businesses of all sizes. With its automated and integrated tools for talent acquisition, employee life cycle management, and payroll services, isolved intelligently streamlines HR operations to support business growth.
Furthermore, the platform stores employee information, payroll data, and benefits in one system, focusing on user ease and efficiency. Its analytics and key insights help businesses make key decisions to reduce turnover, improve employee satisfaction, and optimize the HR environment.
Unique Features Of isolved
Pros And Cons Of isolved
Pros
- Seamless implementation process with dedicated help available through a client success manager or customer service rep
- Automates reminders for running reports, certifications, or expiration of documents
- Intuitive interface helps HR professionals teach non-tech employees how to navigate the system
Cons
- Some users reported limited options for custom report writing
- Offers limited options for administrators to make changes on the backend of the payroll solution
ADP is a software-as-a-service platform with a suite of solutions that enables businesses to manage their human capital effectively. ADP streamlines payroll, HR, benefits, talent, and time and labor while tailoring HR solutions to address industry-specific challenges and meet global standards.
The software offers seamless integrations with other business systems, such as Enterprise Resource Planning (ERP) solutions, which enhances operation capabilities, data accuracy, and informed decision-making.
Pros And Cons Of ADP
Pros
- The process of adding or removing users is quick and effortless
- Automates import of mass data entry, saving time on manual entries
- Supports integration with other systems to enhance business operations
Cons
- Multiple drop-down menus on the home screen feel overwhelming
- Some users reported a confusing implementation process, citing the unavailability of timely support
After thoroughly reviewing them for their unique features and comparing basic functionalities, both isolved and ADP come up as strong HCM solutions. However, ADP excels with its advanced payroll and HR solutions, in-depth analytics, and scalability options, making it highly suitable for large businesses. That being said, isolved also presents itself as a great option for streamlining payroll and core HR functions, offering versatility for small to medium-sized businesses.