Information Systems For Human Resource, Accounting, and Finance
Information Systems For Human Resource, Accounting, and Finance
Information Systems For Human Resource, Accounting, and Finance
On-line testing
- initial interviewing and assessment
Helps In maintaining an extensive database of applicants(gives info such as position desired,education,skills etc) Selection of applicants based on some criteria Interview Scheduling & notification Via Mails Interview Status Reports-Many types AT enables offer generation,candidate response letters etc
AT contd..
It can be implemented as a standalone application or integrated to HR or payroll modules If integrated to HR,then once an applicant is hired,the applicant data contained in the AT module is exported to the HR and payroll employee master file
Extend learning beyond the enterpriseto customers, suppliers, and partners, as well as employees Assign and automate learning in order to develop the workforceretain knowledge and eliminate skill gaps Provide intelligent learning advice to customers and suppliers Improve workforce effectiveness by delivering the right learning at the right time Reducing learning costs by automating and streamlining learning processes Delivering targeted, personalized learning to employees to build a more knowledgeable and effective workforce Synchronizing learning strategies with business strategies to maximize results, analyzing learning effectiveness, and accurately measuring the ROI of learning programmes
A part of E-training & development initiative Takes advantage of the available learning tools and provides unified cohesive learning experience It automatically recommends the right courses for each employee based on individual and enterprise needs It helps HR staff to manage,track,deliver,and analyze complete learning programmes for employees
Streamline performance management Replace highly inefficient, disparate processes with one integrated self-service process Increase employee success. Define clear performance targets at the beginning of the performance period so that the managers can provide iterative feedback, coaching, and development to employees throughout the performance period Improve talent management. Easily identify high performers across the enterprise for retention efforts, and identify those who require performance improvement Reduce risks. Eliminate relative definitions of performance by standardizing performance definitions Facilitate organizational change. Link key organizational initiatives to employee performance targets and expected behaviour Improve feedback to employees. Help managers construct highquality feedback to employees with HR Advisement tools while lessening the risk of inappropriate language usage
Collaboratively plan performance, behaviors, and competencies Link strategic enterprise objectives to employee performance results and goals Track performance progress throughout the performance period Leverage HR Advisement tools such as Writing Assistant, Language Checker, and Development Tips Complete assessments for results, behaviors, and competencies Leverage pre-integrated performance and competency content Track performance review deliverables with alerts and reports Identify top performers and those needing performance improvement
Performance Templates: Allows employees to define multiple types of performance templates and link those templates to any organization, region etc Criteria Configurator:It will help to pre-deliver multiple types of performance criteria including vision, mission business strategy etc. Employee Enterprise goal linkage: Linking employee initiatives with business objectives
Tools contd..
Results writer: Managers use this to construct feedback for their employees based on their performance rating Development Tips: Managers use this to help them identify an employee within a certain competency or goal Embedded Analytics: Managers and administrators can access various types of performance reports
Key facilitator for decision making-HRMS warehouse Provides KPIs to the HR manager dashboard Electronic Approval system at Samsung SAP features for HR-electronic submission and approval of leave application, travel approvals,tax computation etc
It is developed by Software Engineering Institute(SEI) It is a tool that helps an organization to successfully address critical people issues It is based on the current best practices for managing and developing an organizations talent pool The primary objective is to improve the capability of the talent pool
Employee portal-A single point of accessavailable anywhere, to all information and resources employees need to do their jobs It has tools that help teams collaborate, content providers publish and maintain information An employee portal can help reduce costs by replacing distribution and processing of paper documents
Knowledge Management
Knowledge Management basically deals with generation,dissemination,and maintenance of knowledge to achieve organisational goals K-shop initiative of Infosys(KCU) Important Methods of knowledge captureDebriefing after missions,HRMS daily reports etc
Drive enterprise-wide profit improvement and shareholder value Create a "finance on demand" organization that is responsive, variable, focused and resilient Reduce the cost of finance through efficient transaction transaction processing Provide decision makers at all levels with the right information, when and where they need it Effectively manage risk and opportunity
Weekly and daily reporting, Inventory Accounting, Transfer reconciliation and Statistical reporting to name a few There are many advanced features such as automated entries, weekly/period pre-close, advanced budget and forecast capabilities, multi-level comment capabilities for all transactions, on-line reconciliation and user-defined history retention The General Ledger module serves as the heart of the FMS Financial Suite of Applications providing complete integration with the other modules and a single source of data for all reporting functions The Structured Report Writer and the Spread-sheet Interface permit store specific balance sheet accounts in a common balance sheet environment
Accounts Receivable module tracks and organizes the myriad pieces of information related to the customers, providing the basis for superior customer service Accounts Receivable system provides a complete billing, statement, cash receipts, and receivables management solution The system provides the tools needed to reduce manual effort and improve control over the process The Accounts Receivable system saves time by automating the computation of volume and prompt payment discounts, freight, sales and excise taxes, commissions, etc. And the cash application function makes recording payments a breeze
Accounts Receivable
SALES AND CASH RECEIPTS JOURNAL FOR: FEBRUARY 2000
Accounts Receivable
Date
2
Tax
1,359
1,359
716
682
34
500
500
Totals
2,575
500
1,859
1,158
58
Accounts payable
Accounts Payable helps arrange expenditures by recording transactions and obligations to vendors and creditors The system automatically matches the invoice to the purchase order. On-line tolerance checking verifies quantities and amounts. And the system automatically allocates expenses to the appropriate general ledger accounts The Accounts Payable package is a complete solution, which handles virtually any kind of document, including invoices, recurring invoices, debit memos, credit memos, installment payments, etc The system allows you to achieve the efficiencies of a paperless office. The imaging product allows to conveniently store supporting payables documents electronically A separate module for integrated workflow solution, can quickly and easily automate the process of approving invoices for payment
Bank Reconciliation
Bank Reconciliation simplifies the monthly reconciliation process, detects recorded transactions between books and bank, locates the errors or differences, records the corrections, and reconciles your books to the bank statement The cash balance in your books will never agree with the balance shown on the bank statement because of the delay in checks and deposits clearing the bank, automatic bank charges and credits you have not recorded, and errors you may have made in your books
Bank Reconciliation
Alpha Company Bank Reconciliation March 31, 2000
Balance per bank statement Deposits in Transit Date 3/30 3/31 Subtotal Outstanding Cheques Check Number 1656 1693 1696 1697 1698 Balance per books Amount 22.50 150.00 32.00 1,902.00 1,105.80 3,112.84 3,950.72 Amount 500.25 1,890.33 2,390.58 7,063.56 4,672.98
With the aid of a computer and suitable software, a mathematical model can be used to prepare cash flow projections and project short-term banking requirements for a business The use of a computer-based model reduces the tedium of carrying out numerous repetitive calculations and simplifies the alteration of assumptions and the presentation of results A computer model for short-term bank planning uses assumptions on sales, costs, credit, funding etc. to produce monthly cash flow projections for up to a year ahead The Cash Flow Budget Worksheet is used to project your business's cash inflows and outflows over a six-month period of time It can predict the ability of your business to create the cash necessary for expansion or to support you. It can project your business's cash inflows and outflows and predict your business's cash flow gaps periods when cash outflows exceed cash inflows
The Consolidation process automatically collects data from general ledgers and other sourcesincluding spreadsheetsand unites it into a single source to provide an accurate, consistent view of enterprise finances Because plans, budgets, forecasts, and actuals often reside in separate systems, extracting and aggregating data can be timeconsuming and error-prone Consolidation provides perpetual access and mapping to data from disparate sources across the enterprise Organizations operating multiple legal entities or subsidiaries need to produce accurate consolidated statements, which requires eliminating inter-company transactions Consolidation lets you perform one-off or repeatable eliminations, and automatically determine the amounts that need to be eliminated as inter-entity transactions are matched and reconciled
i. create metrics for monitoring and controlling the performance of all business processes ii. performance indicators provide better visibility into corporate strategy and initiatives.
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Financial Intelligence combines a foundation for integrated, enterprise-wide financial analysis with specific solutions that create financial transparency and enable: Formulation, execution and measurement of strategy
i. automate and decentralize the planning process while building proactive budgets based on integrated, accurate and predictive information Cost and profitability analysis i. understand the costs and profitability of products, suppliers, channels, partners and customers ii. use this information to create more accurate forecasts, budgets and simulations i. many organizations have disparate operational systems and general ledgers ii. a financial intelligence solution can access, consolidate and clean all data residing on disparate resources , helping close books faster and spend more time on valuable analysis
Consolidation
i. get all the information you need from a Web-based application that adheres to new reporting standards.
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Reporting
i. measure your credit, market or operational risk, depending on your specific needs, to
Risk management