7 Best HR Contract Management Software For High-Growth Companies in 2024
Business growth is exciting — new hires, upcoming deals, and record-breaking revenue boosts. While the entire company celebrates, there’s one department that bears the strain of the rapid growth. It’s you, HR. And without efficient workflows and reliable HR solutions in place, it’s difficult to scale.
40% say it’s more technological know-how within HR
28% say it’s an investment in technology
21% say it’s a bigger team
Even if the legal team steps in to develop, review, and refine contract templates, they’ll just be bogged down by scattered company data. The ending is obvious — HR ends up with work overload.
What if there was a way to automate tasks, streamline approvals, and lighten up your workload without hiring more people?
In this article, we’ll introduce HR software possibilities as well as integrating them with a Contract Lifecycle Management solution. This will eliminate the manual contracting so you can happily keep up with the pace.
What is HR software?
HR software is a comprehensive digital tool designed to empower and improve the effectiveness of HR teams.
It's an umbrella term that includes all specialized applications and modules designed to support various HR processes and functions like:
Recruitment and applicant tracking
Employee data management
Performance management
Learning and development
Compensation and benefits administration
Time and attendance tracking
Workforce planning and people analytics
Think of it as a central hub for all things HR so you become more strategic, serving the organization's workforce better.
Types of HR software
There are several types of HR software, each tackling specific HR challenges. Picking out the right HR software is a game-changer so let's explore your options.
Human resource information systems (HRIS)
HRIS is an HR software type focused on personnel data management. It automates HR processes such as employee records management, employment history, benefits administration, time and attendance tracking, and reporting.
Applicant tracking systems (ATS)
ATS is a recruitment software that streamlines the recruitment process by managing job postings, accepting and tracking applications, screening candidates, scheduling interviews, and communicating with applicants.
Learning management systems (LMS)
An LMS software facilitates employee training and development initiatives. This includes course creation, delivery, tracking, and compliance.
Payroll software
A payroll software automates, calculates, and distributes employee paychecks. It also manages payroll taxes and maintains payroll records.
Performance management systems
A performance management system tracks, assesses, and manages employee performance with goal setting, performance evaluation, feedback, and development planning tools.
Benefits administration software
A benefits administration software manages and administers employee benefits programs you offer. It accurately determines the appropriate deductions for each employee's elected benefits.
Onboarding software
An onboarding software facilitates the orientation and integration of new hires into the organization by automating tasks like paperwork completion, policy acknowledgment, training assignments, and introductions to team members.
Exit management systems
These systems help HR manage employee offboarding by handling tasks such as exit interviews, equipment returns, access revocation, and exit documentation.
Why do you need an HR software in the first place?
HR software empowers organizations to strategically manage their workforce, boosting efficiency and ensuring compliance. Here’s how:
It simplifies HR processes.
HR is both administrative and strategic. There are many moving parts and some are just repetitive. HR software automates manual, time-consuming processes like payroll calculations, benefits administration, employee contract management, employee records management, and performance tracking.
It brings operational costs down.
Some HR software has capacity management tools. With it, it becomes easy to allocate human resources effectively, increasing productivity and minimizing unnecessary expenses. That's cost savings in the long run.
It promotes self-service among employees.
With self-service portals, employees can access and update their personal information, view payslips, request time off, and enroll in benefits. It's a win-win for both you and the employees because this reduces your time spent on administrative tasks.
It scales with you.
Cloud-based HR solutions are the norm. It can handle increasing (or fluctuating) amounts of employee data and is accessible regardless of physical location. The subscription–based pricing is also cost-effective with your growing expenses.
The benefits of using dedicated data-driven software in HR
It's important to note that not all HR software is inherently data-driven. However, modern HR systems have analytics and reporting focused on their respective specific functions.
Why are they beneficial?
First, data-driven HR software helps you uncover trends and patterns to plan the workforce strategically. Analytics can show skill gaps and employee performance.
Second, it helps HR leaders like you make more informed decisions fast. Like when identifying talent sources and awarding top company performers.
Speaking of data-driven HR software, here are seven of them:
1. BambooHR
BambooHR is an all-in-one platform that simplifies HR tasks. It offers a range of features that make managing employee data, payroll, benefits, hiring, and onboarding more efficient and effective.
Top 3 features:
centralized database for maintaining employee records
seamless tracking of hours worked, benefits enrollment, and payroll processing
detailed instant reports, dashboards, automated workflows, and in-depth analytics
Pricing: Reach out to BambooHR’s account executive for a price quote.
2. HiBob
HiBob is an HRIS designed to streamline HR processes and enhance employee engagement. The platform's user interface is intuitive and allows new employees to adjust relatively quickly. With all the automations you can do, it makes handling employee data and HR procedures incredibly simple.
Top 3 features:
automate HR processes, create employee self-service reports, and store all employee documents in one accessible place
user-friendly interface
local service provider integration including payroll, ATS, and LMS
Pricing: Get custom pricing by reaching out to HiBob.
3. Personio
Personio is another all-in-one solution for all your HR needs. With its custom workflows and automation, it significantly increases HR's productivity and efficiency. The easy-to-use and intuitive UI enables both digitally skilled and non-skilled employees to use Personio seamlessly.
Top 3 features:
easy access to all employee documents securely in one central location
talent management, performance cycle automation, leave management, and onboarding support
simplify leave requests, approvals, and tracking that ensures compliance with company policies and regulations
Pricing: Contact their sales team for pricing
4. Persona
Persona is a cloud solution for everything related to HR. It helps you manage employee information, track working hours, and handle payroll easily. With Persona, you don't have to enter the same information multiple times because there’s a central repository for all personnel information.
Top 3 features:
efficient management of all employment-related data
compatible with a majority of accounting software
payroll-ready timetable
Pricing: The monthly fee is calculated according to your monthly usage volume. Reach out for personal consultation.
5. Teamtailor
Teamtailor tracks an applicant's progress during the recruitment process. It monitors both previous and current job applicants through the hiring process and enables easy communication with them directly. Teamtailor is perfect for small and medium-sized businesses but is also trusted by enterprise companies.
Top 3 features:
standardized job template to ensure that all your job advertisements maintain consistent structure, content, and style
automatically select meeting times and allow candidates to choose a suitable meeting time from the provided options
automatic triggers based on candidate stages for hands-off management of the recruitment process
Pricing: Get in touch for price requests.
6. TriNet
Trinet is a full-service HR solution that provides an HRIS system for automating standard HR processes, including hiring, payroll, and performance management. It’s easy to navigate by both HR users and employees. As admin of the platform, you can even onboard new employees through a virtual walk-through.
Top 3 features:
send a prepopulated offer letter in a click
payroll reports compatible with your accounting system
one-on-one meetings tools for in-sync performance review
Pricing: Plan with payroll processing and employee engagement tools starts at $27 per employee per month, billed annually.
7. Oracle
Among the Oracle suite is Oracle HCM, an enterprise solution for every human resource process. It helps you attract the best candidates, onboard hired talents, and manage their employment to payroll. Also, the tool is great for standardizing how all employees are managed around the globe.
Top 3 features:
end-to-end HR tools for hiring, onboarding, and managing workflows
built-in design tools for branded job posting
self-scheduling for workers
Pricing: Contact sales to learn more about their pricing
How to manage HR documents with Avokaado
To maximize your use of HR software, integrate it with an HRIS integration with the Avokaado CLM. Here’s how to do it from Avokaado’s environment:
First, choose how you want to proceed with the integration. Currently, Avokaado’s contract management for HR offers 3 options:
Through built-in integrations
Through Avokaado Rest-API
Through the support for custom Integrations
If you choose the first option, please note the following HRIS available for the native integration: BambooHR, HiBob, Personio, Persona, and Teamtailor
Follow the connection to configuration steps when integrating into Avokaado.
Select the contract template you want to use with this configuration.
Generate the contract needed to be populated from the HRIS. Avokaado will also push the contract data to the HRIS.
Benefits of integrating Avokaado with HR software
So, let's answer why you should pick Avokaado to manage your contracts. Here are the benefits of integrating these two systems:
You’ll hire, onboard, and offboard faster.
This integration automates all contract-related tasks. For starters, Avokaado stores pre-lawyered employment documents. Whether you need offer letters, employment contracts, NDAs, or even termination letters, your HR leaders won't need to start from scratch when creating.
Also, Avokaado automatically pulls employee data from the HRIS software to generate customized contracts in a flash. No need for duplicate data entry, which is a usual recipe for errors!
You’ll no longer chase for signatures.
When the contract stage enters the signing process, there's no need for you or your team to leave their desks — even if the signatory is a new hire across the continent.
Assigned signers are automatically alerted of their tasks. They can easily e-sign inside the Avokaado platform. Thanks to its e-signature providers, SignNow and Dokobit.
You’ll stay compliant without involving legal.
Another significant benefit of the Avokaado-HRIS integration is that you’ll maintain compliance without relying on legal experts for routine compliance tasks.
Since Avokaado has become the single source of truth in HR contracts, you’re confident that all documents inside are latest, up-to-date, and compliant.
It’ll be easier to comply with key obligation dates and contract terms. Plus, with its robust audit trails, you'll always know who made document changes, when, and why – complete transparency and accountability.
Frequently asked questions
1. What are the benefits of using HR software?
HR software offers a range of benefits, including enhanced efficiency by automating repetitive tasks, reducing manual data entry, and providing valuable insights about human capital.
2. Is HR software the same as HRIS?
No. HR software and HRIS are closely related, but there's a subtle difference. HR software is a broad term encompassing any digital tool used to manage HR functions. HRIS specifically refers to a system for storing and managing employee data. Many HR software suites include an HRIS as a core function, but there can also be standalone HRIS solutions.
3. What exactly does an HRIS do?
An HRIS acts as a central hub for all your employee data. It streamlines tasks like storing and managing employee information such as contact details, payroll data, and benefits enrollment.
4. What data is typically transferred in an HR software integration with CLMs?
The data exchange can be customized, but commonly transferred info include:
Employee data (names, titles, departments)
Job descriptions and position details
Compensation and benefits information
Hire dates and contract expiry dates
5. Can Avokaado be integrated with HR software?
Yes, it can. Integrating Avokaado with your HRIS is an efficient HR contract management solution. It lets you create, manage, and send contracts without the legal team’s direct involvement.
Avokaado is your go-to tool for drafting error-free contracts at speed. Our customizable templates and clause library will help you automate the contract drafting process to save time, money, and resources!
Don't settle for disjointed HR operations
For seamless HR contract management in high-growth companies, choose an HR software integration with a CL. It will eliminate the need for manual data entry and reduce the risk of errors. You can sync employee information in just a few clicks, keeping your HR operations accurate, smooth, and up-to-date. The Avokaado-HRIS integration simplifies onboarding to offboarding processes so you manage employee lifecycle events efficiently even if you’re hiring a lot of new team members.
Do you currently use an HRIS we natively integrate with?
Start your contracting journey with one system to rule HR-related contract workflows. Talk to an expert today.
The Intelligent Way to Manage Documents for Every Team
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Automate up to 90% of manual work when preparing, negotiating, and executing HR-related documents. Create and manage proposals, employee data forms, employment agreements, amendments, terminations, and even mass amendments. All in one private, secure, and GDPR-compliant workspace powered by Avokaado OIP.
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