As institutions look to implement modern HCM and finance suites, some may be torn between moving to a single platform encompassing all finance, HCM, and payroll functions in an integrated system or adopting a standalone suite of tools. While an enterprise HCM and payroll suite is a popular option, the latter is an attractive option for smaller institutions, institutions with budgets constraints, or institutions looking for less complexity and implementation. In this brief, gain valuable knowledge on standalone payroll and HCM solutions. Dive deep into approaches observed, things to consider, representative vendors, and more.
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