About This Resource
Today’s medium and large employers rely heavily on the power of technology – especially payroll platforms, Human Capital Management (HCM) and Enterprise Resource Planning (ERP) systems. All of these systems were designed to maximize efficiencies and re-engineer how business was done. Many businesses adopted robust technology systems in the hopes that they would meet every need.
“But ERP software installations also caused years-long headaches for many companies as they converted from hodgepodge mixes of software to monolithic IT systems covering most financial aspects of business and plant operations,” according to Rick Mullin from Chemical & Engineering News.
Unfortunately, decades later new headaches exist.
“By today’s standards, the IT platforms of the early 21st century are museum pieces,” Mullin says. “Cloud computing, artificial intelligence, and big data have fundamentally changed IT and the workplace.”
Business leaders looking for a way to solve the issues of monolithic systems are turning to integration. Integration is a way of connecting core business software, like ERP or standalone payroll solutions to other systems to ensure that reliable information is shared between systems.
Thanks to integration between payroll platforms, ERP and HCM software, as well as other specialized systems, businesses have access to best-of-breed technology. These systems can simplify data processes to maximize efficiencies and improve the bottom line.
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