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Software Evaluation Features and Functions

Before you can begin comparing enterprise software solutions, it's important to understand the features and functions that you need to run your business.Below, you'll find links to comprehensive models of features and functions for several types of enterprise software, accounting, asset management, business intelligence (BI), content management systems (CMS), enterprise resource planning (ERP), human capital management (HCM), product lifecycle management (PLM), product portfolio management (PPM), relationship management, and supply chain management (SCM). These feature/function models can help you better understand vendor offerings as you compare software solutions, including

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Compensation Award Administration Features and Functions

Execute compensation plan awards to the employee level

  • Complete record of individual employee compensation elements and awards

  • Off-cycle compensation adjustments

  • Dating of compensation awards

  • Calculate individual compensation award

  • Compensation award may be adjusted at a manager's discretion

  • Organizational hierarchies may be established to match a manager approval process

  • Modify hierarchical structure to support planning and approvals different from payroll or HRMS hierarchical structures

  • Manage multiple hierarchies

  • Workflow features to assign budget and approvals

  • Set workflow approvals

  • Alerts and reminders

  • E-mail notification

  • Manager self-service via web access

  • Compensation analysts may access multiple groups, teams, or organizations

  • HR personnel may access multiple groups, teams, or organizations

Employee Compensation Management Features and Functions
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