Interaction between HR and Finance
Not what you're looking for?
Explain why a company should or should not share a common database for HR and finance applications. Is an ERP system a good fit for this? Does your company HR/Finance division offer an intranet information site and services for employees?
Visit the Web site for one of the major enterprise resource planning (ERP) software vendors. Explain its main advantage?
Purchase this Solution
Solution Summary
The solution of 299 words provides overview of importance of interaction between HR and finance functions and role of ERP.
Solution Preview
See attached file for solution.
Enterprise Resource Management
For any organization to succeed, all the business units should work in harmony. It is so because the organization as an entity has goals and objectives which have to be fulfilled by different functional units. Human resources and finance are two very different departments, each bringing a unique, yet equally valuable view of the organization (Rosendahl, n.d). Both departments work in collaboration to set overall workforce strategy, develop annual budget, determine changes to reward programs, etc. Hence, ...
Purchase this Solution
Free BrainMass Quizzes
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Organizational Behavior (OB)
The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media