v7 FreeBalance Help Clone (To be used to implement a new UI )

Human Capital Management (HCM) is a mature salary management software solution designed to perform salary planning, budgeting, forecasting and reconciliation.
This budgeting and forecasting tool is the foundation upon which all salary forecasts will be based on and it includes such functions as assignment management, scenario generation, global cost and reporting. The module enables the user to forecast salaries down to the penny, if desired so.

The module provides the tools to perform:

• Dynamic even-driven calculations reflecting your latest plan.
• Accurate dollar and FTE forecasts.
• Confirm commitment and forecasts.
• Automatic balance of your current full year forecasts.
• Activity based and project-oriented costing.
• Track variances to the latest revised budget.
• Evaluate and calculate alternate scenarios.

HC has some powerful tools in the pay module enabling you to create, merge or split organizations, activity, project or structures. Within the software, the user can create new positions and assignments, and business rules for pay transactions.

The system is aimed to perform budget formulation and public expenditure management, in the areas of:

• Salary budgeting and forecasting
• Human Resource planning
• Leave bank and Liabilities
• Powerful forecasting analysis using what-if scenarios.

It is a great tool for managers to do some analysis of current and future–projected salaries using the what-if scenarios. Managers are able to generate planned budgets automatically to see the impact on the budget in dollars or FTE; in detail or by sub-groups and at any hierarchical level.

Related Documents

• Common Features and Actions