Oracle Payroll

To put in simple terms, the Payroll is a set of employees for whom the compensation and benefits has to be paid in some frequency.

Oracle Payroll is a high–performance, rule based payroll management system designed to keep pace with changing enterprises and workforce needs. Payroll managers require a solution to address unique requirements and offer complex calculations without losing the benefits of a standard supported package. Oracle Payroll offers that capability via a unique, data driven approach that enables the definition and management of diverse payroll requirements.

Among its many capabilities, Oracle Payroll delivers the power to:

- Process many payrolls quickly and easily in a single day.
- Define comprehensive personal payment methods.
- Quickly create complex calculation rules such as union overtime without programming.
- Efficiently check, double check and reconcile payrolls.
- Make retroactive adjustments to past earnings or deductions.
- Examine employee payment histories at any time.
- Track and monitor employee costs via online access to payroll data.
- Disburse in multiple currencies.
- Transfer payroll information to the general ledger and to other accounting systems, including project costing systems.
- Report on payroll results to the tax office and company executives.
- Maintain full security and integrity of payroll information, including historical information.
- Enable access to information when required for inquiries and responses to pay queries.
- Oracle Payroll enables fast, flexible and accurate payroll processing from time capture to ledger costing.