A human resource management system is employed to store employee data, manage payroll, recruitment, administer benefits, employee attendance, performance, competency and training tracking. It makes every day human resource processes manageable and easy to access.
An accounting system keeps track of all financial transactions of an organization. These include expenses (purchases), income (sales), and liabilities. The system also prepares analytical report which are used in the business’ decision-making process.
- Components of HR system
- Components of an accounting system
- Benefits of automating business processes