Critical Factors to Consider When Evaluating a Human Capital Management (HCM) System - PowerPoint PPT Presentation

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Critical Factors to Consider When Evaluating a Human Capital Management (HCM) System

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Regardless of industry or size, contracts are among the most important documents manage data across the enterprise. They are voluntary, deliberate, and legally binding documents that have explicit expectations for both parties. Contractual documents are created, negotiated, and managed for all mission critical business purposes including procurement, sales, intellectual property, real estate property, information technology, and more. Contract documents dictate the financial, business, and legal terms and define the relationships between suppliers and customers. With the proper visibility and compliance, contracts can simplify all business processes. Making processes more efficient and effective is critical in successful corporate governance and overall management best practices. To know more about contract management practices, go through the full whitepaper: – PowerPoint PPT presentation

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Updated: 13 December 2016
Slides: 9
Provided by: Bob.maroon12

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Title: Critical Factors to Consider When Evaluating a Human Capital Management (HCM) System


1
7 Critical Factors to Consider When Evaluating a
Human Capital Management (HCM) System
2
1 Report Highlights
  • 61 of sales and marketing respondents see data
    silos as their biggest challenge.

3
2 Native Cloud-Based Design
  • A multi-tenant, software-as-a-service (SaaS)
    based application dramatically simplifies the
    deployment of an HCM system, making those first
    steps as easy as the later processes.

4
Single System of Record
3Single System of Record
  • The core HR, benefits, and payroll functions all
    need to share one employee record and require key
    pieces of data to inform their role-based
    decisions.

5
4Person Position Autonomy
  • Even as the platform supports data access for
    several different purposes, it should still be
    able to discern multiple objectives and data
    perspectives.

6
User Centric
5 User Centric
  • The user experience is a key aspect of an HCM
    system that will truly impact the ability to pull
    information and people together.

7
Distributed Process Flows
6 Distributed Process Flows
  • Another aspect related to the importance of being
    user-centric, is self-service portals that enable
    each type of user to better manage and distribute
    related work. Admin-only and "back-office" HCM
    applications are a thing of the past.

8
  • To know about the 7 Critical Factors to be
    Considered While Evaluating a Human Capital
    Management (HCM) System, visit the below link
  • http//hr.cioreview.com/whitepaper/evaluating-a-hu
    man-capital-management-system-wid-475.html
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