The Vendor is required to provide integrated cloud-based accounting and HR software solution to modernize and streamline financial operations, payroll processing, and human resource management through a single, unified platform or through.
- Requirement:
1. Core financial functions
• General ledger – integration of all components with robust fund-based reporting
• Accounts payable – electronic requisitions through to invoice approvals and payment
• Accounts receivable – billing, receipts, and aging reports by due date
• Budgeting – budget creation, variance analysis, and reporting
• Bank reconciliation – automated matching and exception handling
• Fixed assets – asset tracking, depreciation schedules, and compliance reporting
• Purchasing – requisition workflows, PO management, and vendor management
2. Human resources & payroll
• Payroll processing – time capture by cost code/task code
• Time & attendance – electronic timekeeping with approval workflows
• Human resources – employee records, benefit accrual tracking, and usage
• Benefits administration – enrollment, deductions, and compliance tracking
• Employee self-service portal – pay stubs, w-2s, personal information updates.
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