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Oracle Payroll

Oracle Payroll is a component of the Oracle E-Business Suite and is also offered as part of the Oracle PeopleSoft platform. The software automates all payroll processes, from calculating earnings and deductions to ensuring compliance with tax regulations. Its functions include managing pay scales, wage types, and employment contracts. With Oracle Payroll's integration capabilities, it can directly update general ledger accounts without manual intervention. In this way, it ensures financial data accuracy by minimizing errors that stem from manual journal entries or reconciliation processes between systems. The software also offers reporting tools to help employers analyze payroll cost distributions and provides employees with self-service options for accessing pay stubs and tax information online while keeping sensitive data fully secure through its built-in security features.

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