Azimut Investment Management Singapore Ltd digitises manual HR processes with Employment Hero

About Azimut Investment Management Singapore

Azimut Investment Management is an acclaimed and leading independent wealth management and investment management company based in Singapore. It operates as a subsidiary of Azimut Group, a leading global asset management firm headquartered in Italy with operations spanning 18 countries. Azimut Group offers a wide range of investment solutions and services, in asset management, wealth management, investment banking, and FinTech.

With a strong global presence and a focus on delivering tailored investment strategies, the company serves both retail and institutional investors, helping them achieve their financial goals.

​​With their current growth trajectory, Azimut Investment Management is evolving fast. They knew it was time to improve company processes to support their growth and transform their conventional HR and payroll processes. That’s where Employment Hero came in.

We spoke with Jackson Ng, COO and CTO at Azimut Investment Management, about their experience with Employment Hero and how it has supported them in their growth ambitions.

The challenge…

Before embracing the Employment Hero platform, Azimut Investment Management grappled with HR and payroll practices that seemed stuck in a bygone era. Their procedures were paper-based, labour-intensive, and error-prone.

According to Jackson, “manual reimbursement processing, benefits administration, and the tracking of leave applications weighed the HR team down. Onboarding, orientation, and even exit interviews were manually done, adding further inefficiencies.”

There were multiple pain points identified in the business — human error, data inaccuracies, a lack of standardisation, limited scalability, and overdependence on specific employees. It was clear that change was not just necessary but imperative. This prompted them to implement Employment Hero.

Solutions…

Automated processes

Employment Hero’s applicant tracking system enabled them to expedite recruitment and onboarding processes. Jackson pointed out that this allowed them to fill critical roles more swiftly in response to growth opportunities.

In addition, the shift from manual processes to automated, streamlined processes has not only saved time but also substantial costs, allowing resources to be reallocated towards strategic initiatives. Risks associated with manual data entry are now reduced, ensuring accurate HR and payroll data to maintain compliance.

Scalability and strategic planning

As Azimut Investment Management grew, they needed a platform that could scale with them. Through Employment Hero, the HR function could adapt seamlessly to increased workloads during crucial periods of expansion.

Using the platform also improved data collection and analysis, and provided valuable insights into workforce trends. Jackson discovered that “this helped to inform Azimut’s talent management and development strategies, so we could focus on strategic HR planning and align the workforce with the company’s growth objectives.”

Employee self-service

Azimut’s employees are now thrilled to have a single, user-friendly platform to manage all their HR needs. From downloading payslips to applying for leave, submitting reimbursement receipts, and updating personal information, they can complete all that through a convenient mobile app.

Employment Hero also provides them with easy access to company policies, document management, and essential announcements, ushering in a new era of employee engagement. Employee satisfaction has soared as the platform simplifies their HR experience, and everyone loves the convenience and efficiency it brings.

This has in turn benefited the company immensely and resulted in a win-win situation for Jackson — “as employees benefit from faster responses to inquiries, self-service options, and improved communication, it contributes to talent attraction and retention for our business.”

A valuable investment

For Jackson, Employment Hero has proven to be the right choice for the business, and most importantly, a cost-efficient one. He’s already impressed with the cost saving by adopting Employment Hero’s solutions.

“To provide you with insight into the transformation, consider the following: Previously, we allocated a dedicated headcount to HR and outsourced the payroll function. The strategic decision to implement Employment Hero allowed us to reallocate resources toward more value-generating activities. We have estimated cost savings of over $30,000 per year and reduced the time spent on manual HR tasks by an impressive 70%.”

Azimut Investment Management is ready to continue growing with Employment Hero

They’ve embarked on a remarkable journey to transform their HR and payroll processes, and the results have been nothing short of revolutionary. With Employment Hero as their trusted partner, they’ve unlocked the key to organisational growth.

If you’d like to learn more about how Employment Hero can streamline HR processes and transform your organisation – speak to one of our business specialists today.

Azimut Investment Management also won the Disruptor Award at our 2023 Transformation Awards. The Transformation Awards were established to recognise the inspiring achievements of our customers from around the world. These annual awards are a great way to showcase and recognise the remarkable efforts of our customers, applauding businesses who’ve transformed their overall employee experience, scaled their business or increased community impact using Employment Hero.

Want to get involved in the 2024 Transformation Awards? Keep an eye out on upcoming editions of the customer newsletter, or learn more here.

In addition, take a look at our return on investment (ROI) report to check out how much time and money you can save with Employment Hero.