Benefits management software is a tool that helps HR teams to manage and automate employee benefits programs. This includes designing, implementing, communicating, and administering benefits plans, such as health insurance, retirement plans, and other employee benefits. Benefits management software also helps employers manage their compliance with government regulations, such as the ACA, ERISA, and HIPAA. Additionally, its analytics and reporting feature helps employers analyze their benefits costs and make informed decisions about their benefits programs, while integration with other systems ensures that employee data is up-to-date and consistent across all systems.
Gartner defines cloud HCM suites for 1,000+ employee enterprises as cloud application suites that deliver functionality for attracting, developing, engaging, retaining and managing employees. Cloud HCM suites for 1,000+ employee enterprises are designed to support transactions and/or analytical processing for more than one of the following use cases within a single integrated solution
Gartner defines multicountry payroll as an approach to payroll that unifies the provision of payroll software and/or services across a minimum of two countries. Organizations can use five main types of solutions to establish a multicountry payroll strategy Payroll Software Payroll Managed Services Payroll BPO Payroll Aggregation Employer of Record (EOR)