Whether you are looking for a new human resources/payroll system or making do with a legacy system for now, a “single source of truth” is more elusive and far less common than what you may hear from the vendor marketplace.
The reality is, “best-of-breed” point solutions offering specific capabilities to meet your unique and complex requirements are, in many cases, the superior (or only) choice -but maintaining multiple solutions requires extra effort to ensure consistent, accurate data across platforms.
Often stand-alone software handles one task really well, but that’s all. A best-of-breed, self-contained system might be perfect for your compensation management but has nothing to offer for recruitment or other talent management. A benefits administration solution manages your eligibility and open enrollment nuances like a dream. But that data must now be shared with payroll to generate deductions and consolidate information for Affordable Care Act reporting.