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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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Employee Compensation Management Features and Functions



Planning Compensation Programs

Planning for base salary, bonus, and stock award programs includes development of guidelines, eligibility rules, award ranges, market reference points, etc.

Modeling and Strategic Analysis

Model compensation plan designs for base salary, bonus or incentive, and stock awards. Analyze projected expenditures associated with each plan design.

Compensation Award Administration

Execute compensation plan awards to the employee level

Reporting

Reporting capability in the form of standard and customized reports, ad-hoc, and import/export functionality.

Performance Appraisal



Market Pricing

Market pricing functionality is used to accept data points from a variety of sources such as a survey company electronic feed, data entry input template, and company new hire rates. It aggregates the data and calculates market rates.

Employee Compensation Management Integration and Interfacing Requirements



Security and Hosting Options



Incentive and Compensation Management Features and Functions
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