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Payroll is a list of employees and their compensation, as well as the records and taxes of payments made to them. Learn about payroll frequency, gross pay, deductions, reimbursements, taxes, and wage garnishments, and how to outsource payroll processing.
Project management is the process of supervising the work of a team to achieve all project goals within the given constraints of scope, time, and budget. Learn about the origins, methods, and applications of project management in various fields and industries.
Payroll automation [1] refers to the use of computers to produce paychecks and manage benefit payments for a company or community. Often, payroll automation is integrated into the company's enterprise resource planning system that provides an overall view of the company's or community's finances; in addition to payroll, it can manage customer relationships, production, personnel resources ...
ERP is the integrated management of main business processes, often in real time and mediated by software and technology. ERP systems can be local-based or cloud-based, and cover various functional areas such as finance, accounting, human resources, manufacturing, supply chain, project management, CRM, SRM, and more.
A human resource management system (HRMS) is a software that combines various HR functions, such as payroll, benefits, recruitment, and performance management. Learn about the history, functions, and features of HRMS and how it differs from ERP and HCM systems.
A responsibility assignment matrix (RAM) or RACI matrix is a model that describes the participation by various roles in completing tasks or deliverables for a project or business process. Learn about the key roles, alternatives, and examples of RAM in different contexts.
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