Epicor HCM
Choosing the right HR software to help organize and manage tasks concerning human resources, payroll, benefits, and more is incredibly important to maintain your best practices in the workplace. In order to help you achieve that, we have analyzed and reviewed today’s most popular HR software products so you can determine which best meets your needs and can help you increase your efficiency at work.
Read on to learn more about Epicor Human Capital Management.
Product Overview
Epicor HCM has users in over 150 countries and is available as on-demand software as a service (SaaS), hosted, or an on-premise solution to help complete any HR management and organizational tasks. Flexible and configurable human resource, payroll, and employee development software is available to help track employees from the application stage through retirement and everywhere in between, including current employees. The HCM software also has applicant, employee and manager self-service functions to help eliminate the paperwork needed to be done by the HR staff and it also provides the tools needed to create customized and/or standard reports, detailed forms and paperwork.
Integration is key with Epicor; they call the foundation of their software “core HR functionality” that combines data, tracking, administration, and management across the wide array of HR functions, giving the HR staff that utilizes its tools more control over all of their processes.
Epicor claims to be “the most intuitive, functional, and adaptive HCM solution on the market”, and is the winner of the 2011 Tektonic Award for Best HRMS.
Who Should Use This Product
Human resources managers and staff would find Epicor HCM very useful in their everyday processes and should consider using this product. Since the software is available with or without payroll management, some staff in the financial function of an organization or even the CFO could find this software helpful if it is integrated with your company’s package. Also, the unique “self-service” features for employees, managers and candidates under the software’s “Direct Access” module make Epicor a good choice for nearly anyone associated with the organization.
Compensation and Benefits Features
Epicor HCM software strives to help HR staff better analyze and monitor salaries and benefits using their Total Compensation model. The Benefits Management Administration and Compensation Management Administration tools are held in the “Core HR” module of the software and are designed to make it easy to manage and create fair and balanced total compensation packages for the workforce while making any amount of compensation information easily available to employees.
Performance Review Features
Performance Reviews are featured under Epicor HCM’s “Talent Management” section of the software along with five other features for planning, training and assessment. These tools allow management to see employee history and track employee goals year to year. Another great feature is that data about employee performance can be turned into detailed metric sheets and graphic reports to be viewed by the employees themselves or by department managers to monitor progress.
Application Tracking Features
The “Recruitment” section of Epicor’s HCM software allows HR staff to manage and track any leads and recruits that they are targeting along with any submissions they may have made, from applications to resumes and supplemental materials. There is also a “Candidate Self-Service” feature in the same section which allows the candidate the freedom to access their own personal account, edit information and details, and upload documents and materials. This tool makes it easy for candidates to find and apply for open positions, and makes it even easier for HR professionals to find the most qualified candidates from the field of applicants.
Government Compliance Features
Epicor has a special and independent software set covering the issues of government, risk and compliance, called “GRC Software” that is regularly updated with current information and published international standards and best practices. They are committed to working with customers to leverage their software and services to meet specific compliance, regulatory, and governance objectives, and they help make the lives of HR employees easier by including easy solutions to some of the most complex regulations. These include published standards in corporate and financial governance such as international accounting standards (IAS), international financial reporting standards (IFRS), and other generally accepted accounting principles (GAAP). GRC software also incorporates support for international trade standards such as restriction of the use of certain hazardous substances in electrical and electronic equipment (RoHS), the Waste Electrical and Electronic Equipment (WEEE) directive, the North American Free Trade Agreement (NAFTA, and gives tips on how to successfully implement the Sarbanes-Oxley Act (SOX) in the office.
Training/Learning Management Features
The “Talent Management” tools available with Epicor HCM are implemented across the entire workforce, so managers can optimize the skills found in their workforce and be prepared for the future of your business. These tools enable managers to identify top employees early and use training and development tools to nurture and encourage talent. Through this software, employees can search for and enroll in training programs for professional growth and advancement. When used alongside the other features of Epicor HCM, like the “Reporting and Analytics” section, managers and employees can monitor and track any professional advancements made by employees in a succinct report for use in future performance reviews.
Time and Attendance Features
Time and attendance tracking tools are available through Epicor HCM’s “Core HR Functionality” section and make it easy for managers to organize requested time off and attendance patterns. After employees are assigned to the absence plans they qualify for, Epicor HCM takes over and tracks and calculates earned time off. With Employee Self-Service, employees have direct access to request time off, and once a request goes in, an alert is sent the employee’s manager, allowing them to easily accept or deny the time off request.
There are a lot of great features in the Epicor HCM package that can greatly improve the efficiency and productivity of a company as a whole, and especially for human resources and payroll. One of the best things that Epicor has to offer is their software’s availability through the SaaS mode, hosted software, or on-premise licenses. This makes it an ideal software program for companies of any size and simplifies its implementation into the workforce.
