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January 04, 2007NetSuite adds HR to SaaS offering
NetSuite has rolled out Employee Resource Management (ERM) to enable workers to perform project-related chores, and access human resource-related documents.
The new capabilities are part of the NetSuite Employee Centre, a self-service portal integrated within NetSuite's overall software-as-a-service platform, which also includes enterprise resource planning, customer-relationship management and e-commerce applications.
a NetSuitea s new ERM capabilities make it as easy to manage employees as it is to manage the rest of your business, such as customer and vendor transactions,a said Zach Nelson, CEO of NetSuite.
a In the past, HR departments required complex integrations between their HRIS system and their financial system. Now, they can empower their employees and managers with self-service and integrated expense reporting, as well as eliminating the red tape and cost of administering purchase management, time tracking and payroll through disparate applications.a
The new services enable employees to track time by project, and enter expense reports and purchase requests, which managers can approve online. HR can also use the service to provide employees with documents on benefits, job performance and reviews, company policies, new hire information, company holiday schedules and other information. Managers can approve employee time and expenses, and relevant data flows automatically to payroll, billing, and the general ledger a greatly improving efficiency and accuracy.
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