Go to the U of M home page ESUP logo - click to go to ESUP website ESUP blog logo - click to go to ESUP blog

Tuesday, October 8, 2013

Payroll Accounting sneak peek: More robust functionality, less data entry

Much of the buzz in the HRMS and Finance work streams in recent months has been around payroll accounting -- the business processes at the intersection of the University’s HRMS and Finance systems. Payroll accounting (or in PeopleSoft lingo, commitment accounting) includes six related business processes that handle how University employees are paid, and from what funds: distribution entry, encumbrances, actuals distributions, fringe costing, retro distribution, and the position budgeting interface.

The HRMS upgrade project provides an opportunity to significantly reduce data entry and simplify payroll accounting processes in most cases, and strengthen processes and accountability in others. These can be challenging processes to understand, even for regular system users -- as a result, the HRMS training team has developed a "sneak peek" video to explain some of the new functionality. For the rest of the University community, suffice it to say that the interaction between the U’s HRMS and Finance systems should be significantly simpler and easier to manage going forward -- reducing data entry and the opportunity for error, and improving efficiency and productivity.

No comments:

Post a Comment