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Legacy applications have left retailers struggling with disparate systems and fragmented data. As a result, payroll management has become cumbersome, time consuming, and error-prone. With Oracle Modern Best Practice, you can take advantage of mobile, social, analytics, and cloud to streamline payroll administration. Having one source of truth for the entire organization means that you can quickly and easily identify payment details for full- and part-time, seasonal, and contingent workers. Proactively monitor global payroll status using interactive dashboards and wizards. Conduct multiple region-wide, data-driven validations of staff performance, incentives, and base pay. Pay your staff on time and remain compliant with tax liabilities, filings, social insurance, and deposits.
Proactively monitor global payroll status and processes using interactive dashboards.
Data-driven verification of earnings, hours, local taxes, and deductions including by store location (if required).
Generate and distribute employee payments. Support third-party agencies that provide temporary retail workforce payroll management if needed.
Generate and securely share payroll reports. Synchronize the general ledger with the corporate finance department. If needed, synchronize the general ledger with payroll management agencies for temporary workers.
Determine tax liabilities and prepare tax filings and deposits.