POS businesses in Hong Kong experience particular problems adapting to advanced digital systems, integrating with the existing setup, and securely storing data. It has been made more difficult by both fast-developing technological solutions and the legal requirements.

What Are the Distinct Challenges for the POS Industry?

Dealing with the special technological requirements of a POS system is really difficult. The constant hardware and software updates result in integration problems, therefore the operations cannot proceed smoothly. Security issues, especially concerning customers’ sensitive data, are very serious due to severe compliance regulations.

Hong Kong is difficult in the sense that it needs extra layers to be webbed together for compliance with rules and the need to change quickly to new methods of payment preferred by the consumers. Although these problems affect other areas as well, in the case of the POS industry, they have a much stronger influence on daily operational activities and strategic planning.

What Is HCM System’s Role In Countering POS Issues?

An effective HCM system is indispensable while dealing with such issues. Through efficient management of the organizational structure and better information integration, it aids the compliance management effort significantly. Moreover, the firms gain from its centralized data system that enables the decision makers to deal with the regulatory issues apple to the adroitly.

It is a matter of fact that the use of automated systems in HCM cuts out the human factor in mistakes about rostering and payroll, thus raising the efficiency of calculations for long service payments. This automation not only benefits the POS industry or but can also deliver huge value in other sectors across Hong Kong as well.

How to Make HCM Implementation Successful?

No doubt, the successful HCM implementation starts from formulating the right strategy that is aligned with the key firm goals. Having sufficient training for employees is the best way to achieve that. Following robust data migration protocols ensures that sensitive information is well protected while also establishing a solid base for any organization using HRMS software.

What Is Special about Multiable aiM18 HCM?

• Rule-based workflow engine: Helps automate tasks and minimizes errors by people.

• A.I. ready and fully customizable: Supports integration with existing systems easily.

• Intelligent roster planning: Complies with local labor regulations.

• Powerful payroll engines: Handles large volumes of data efficiently.

• Unlimited appraisal forms: Flexible for various firm requirements.

How Does Multiable HCM Achieve Compliance?

aiM18 HCM‘s e-MPF approvals are an indication of its efficiency in managing the mandatory Hong Kong retirement scheme documents. Besides this, it also helps in producing IRD-compliant documents allowing for easy and seamless tax filing. These benefits instill confidence in organizations that work in a rigorous compliance atmosphere.

What is Multiable HCM?

Multiable HCM is a cloud-native HCM (aka HRMS, HRIS or HR system). With over 6,000 customers, Multiable HCM gains positive feedbacks from customer across different sectors, from manufacturers, distributors, retailers, service providers to NGOs. The renowned no-code approach saves customer a big sum of customization costs and countless hours of implementation man-days.

What is LAIDFU (Let AI Do for You)?

LAIDFU is an AI tool for enterprise to build their own AI agents to perform various business AI tasks.

Proprietary EKP (Enterprise Knowledge Partitioning) technology eases CEO’s concern about trade secret leakage which often occurs in most AI agents / chatbots in the market.

EKP removes the hurdle of business AI adoption by most companies in using sensitive corporate data.

Powered by no-code approach, deployment of LAIDFU incurs far less developers (and development costs) in comparison with other AI tools.

LAIDFU empowers business, with or without an HCM system in place.