The Growing Urgency of People Costs Visibility

Over the past few years, especially in the SaaS/Tech industry where people costs represent one of the largest expenses, we have seen waves of layoffs and organizational restructuring driven by macroeconomic factors. Businesses are constantly evaluating where to invest in order to run the company more efficiently and to adapt to the ever-evolving tech landscape. This has made one thing clear: companies need granular visibility into their people's costs. 

Yet most finance teams are stuck with data that lives in disconnected systems. Financial data and HR data remain buried across fragmented HR and ERP systems, making it hard to support strategic workforce decisions with data.

The Root of the Problem: Disconnected Data

The fundamental challenge lies in how HR data flows through your organization. Your ERP houses your financial truth, but the detailed workforce information that drives those numbers lives elsewhere—in HR systems, payroll providers, and spreadsheets that rarely talk to each other.

This disconnect creates a visibility gap that compounds across several dimensions:

Multi-System Complexity: Global companies face an even steeper challenge, often managing multiple country-specific payroll systems that require manual consolidation before any meaningful analysis can begin.

Limited Drill-Down Capability: Most ERPs capture people costs through journal entry at the department level in the general ledger, making it impossible or time consuming to analyze beyond broad organizational departments.

Lack of Context: When variances do surface, finance teams are left scrambling across multiple systems to piece together the story behind the numbers—a time-consuming process that delays insights and decision-making.

The Everest Solution: Unifying People and Financial Data

At Everest, we've designed our ERP to eliminate this visibility gap by bringing your HR data directly into your financial system.

Our approach creates a unified source of truth by bringing in HR data and raw payroll details directly into Everest. Every journal entry generated from payroll data maintains full traceability back to the individual payroll detail at employee level, while simultaneously connecting to comprehensive employee data tied to entity, department, position, location, time off and other attributes within Everest.

How Do We Achieve This?

Our payroll templates serve as a central hub that houses all accounting configurations tied to your raw payroll data, regardless of your payroll provider. Whether you're managing operations across multiple countries or working with different payroll providers, we standardize payroll data from various sources—often in different formats—into structured format Everest. This allows you to manage all your payroll accounting mappings through a single, consistent interface while enabling apples-to-apples comparisons.

This integration of your HR data and financial data in a unified system means you can drill down from GL to employee-level detail instantly—no more hunting across systems to understand what's driving your people's cost changes. Of course, with this level of detailed access comes the need for proper security controls. Our role-based permission ensures that sensitive payroll information is only accessible to authorized users, allowing you to maintain data privacy while still providing the financial insights your team needs.

With HR data living natively in your ERP, you gain the ability to analyze people costs with the same granularity and speed as any other expense category. Support budget discussions with actual data, investigate variances in real-time, and make strategic workforce decisions backed by comprehensive financial insights. With the right integration between your HR data and financial systems, you can move from reactive reporting to proactive workforce cost management.