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Glossary>Payroll>Oracle Payroll

Oracle Payroll

Oracle Payroll is a comprehensive payroll management solution that automates and streamlines payroll processing. It handles payroll calculations, tax deductions, compliance with local laws, and generates necessary reports. This system integrates with other Oracle HR modules to ensure accurate and efficient payroll operations.

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About Oracle Payroll

Oracle Payroll was developed as part of Oracle's suite of enterprise resource planning (ERP) solutions. It aimed to address the growing need for automated payroll processing and compliance management in organizations. The system was designed to integrate seamlessly with other Oracle HR modules, providing a cohesive solution for human resource and payroll management.

Strengths of Oracle Payroll include robust automation, seamless integration with other Oracle modules, and strong compliance capabilities. Weaknesses may involve high implementation costs and complexity in customization. Competitors include SAP SuccessFactors, ADP Workforce Now, and Workday HCM.

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How to hire a Oracle Payroll expert

An Oracle Payroll expert must have skills in SQL and PL/SQL for database management, proficiency in Oracle HCM Cloud or E-Business Suite, familiarity with Oracle Fast Formula for payroll calculations, and experience with Oracle Reports and BI Publisher for generating reports. Knowledge of payroll regulations and compliance is also essential.

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