Technology And Management Functions Essay

979 words - 4 pages

Technology is far more than a tool for the management of Paychex Business Solutions (PBS). Without technology, Paychex would not exist as the company it is today. Indeed, like in many businesses today, the personal computer (PC) has become a necessity (Regan & O'Conner, 2002). By performing automatic calculations for complicated payroll formulas and maintaining an electronic database, technology reduces human errors and centralizes information. In addition, Electronic Funds Transfers (EFTs) allow customers to electronically receive their paychecks immediately into their bank accounts. However, there are ways in which Paychex management could improve the current use of technology such as interfacing existing programs and eliminating double entry.Examples of Technology Uses at PaychexThere are many ways technology is used at Paychex. Like many businesses, technologies such as electronic mail, advanced phone systems, fax machines, and electronic data are integral to everyday business. However, there are other uses of technology specific to the payroll business.Automatic CalculationsPerhaps the most useful application of technology at Paychex, the automatic calculations performed by various computer programs save both time and money. Often, in calculations involving taxation, the process is simply too complex and leaves many opportunities for human error if done manually (Christian, 2006). The Human Resource Information Systems (HRIS) program used by Paychex handles many complex benefits calculations. In addition, the proprietary payroll program performs many automated calculations for payroll such as city, state, and federal taxes, wage garnishments, and other deductions for customers all over the country (Paychex Premier, 2007). By embracing technology for such calculations, management has made the task more accurate and quicker than manual calculations.DatabaseAnother area in which Paychex depends heavily on technology, the maintenance of a vast customer database is crucial to everyday operations. Information regarding a client's employees is often needed at a moment's notice. This would be impossible without a searchable online electronic database. This kind of database is especially useful for dynamic data such as that used in payroll (DeJong, 2006). In adopting a common database, Paychex management is once again using technology to improve business and customer satisfaction.Electronic Funds TransfersThe innovation of electronic funds transfer (EFT) capability is a boon to both employees and employers. The ability to instantly transfer funds is invaluable in a payroll service. In a survey by CashEdge of New York City, 33% of respondents indicated that EFT capability is a key factor when opening a bank account (Ginovinsky, 2006). By utilizing EFT, Paychex is using technology to meet the customer demand for service and convenience.Current Technology Not Meeting Business NeedsThough Paychex is using technology in many different ways, there are...

Find Another Essay On Technology and Management Functions

How does Sun's strategy integrate their marketing, management, technology, and service functions into one effective strategy?

955 words - 4 pages Sun integrates their marketing, management, technology, and service functions into one effective strategy by building common sense systems for smart enterprises. Sun was founded with one driving vision. A vision of computers that talks to each other no matter who built them. A vision in which technology works for the customer, not the other way around. While others protected proprietary, stand-alone architectures, Sun focused on taking companies

Principles and Functions of Management Essay

1572 words - 6 pages Out line:This essay will look at the Principles and Functions of Management. Which mentions there is a difference between what a manager should do and what they actually do? According to many writers observation. Subsequently, I will comment by usage of my own knowledge of management theories and concepts. Further more, it is based on an experience and press stuffs. Due to main discussions, my assessment can be divided into following

Principles and Functions of Management

1258 words - 5 pages A vast number of employees every year leave their jobs because of the following reasons: poor coaching and feedback, work-life imbalance, poor carrier opportunities prospects, lack of confidence in senior management, etc. However, for some reason, managers fail to acknowledge these factors; instead they prefer to concentrate on wage as a prime motivator. In reality a variety of factors come into play and contingency, chaos, systems, and other

Technology and Management Function

925 words - 4 pages Management of technological systems and businesses consist of four basic functions: planning, organizing, leading and controlling. During the planning functions of management, managers must analyze the workflow to see if any new systems would be beneficial to the productivity of the workers. In the organization function of management, the analysis of the work flow should be organized in a way that will prove or disprove that the new system will

Technology and Management Paper

1731 words - 7 pages have the same validity as my handwritten signature.Student's signature (name typed here is equivalent to a signature):_______Alita Lyon________ ___My Technology Recommendation PaperIn February 2010, Program Operations was looking into upgrading technologically through the purchase of new financial system that will manage, integrate and modernize HUD's financial management systems. This new financial system would enhance the organizations ability

The Four Functions Of Management: Planning, Management, Leading and Controlling

861 words - 3 pages The process of working with resources and people in an organization to accomplish a goal can be defined as management. "The traditional functions of management "planning, organizing, leading, and controlling" continue to be the key activities used to enable the organization to accomplish its goals and objectives. Though significant changes have occurred in all organizational structures, processes, and managerial styles, these traditional

Knowledge Management and Instructional Technology

1480 words - 6 pages Knowledge Management and Instructional Technology The new "buzz word" in many corporate circles currently is the term "Knowledge Management or K.M." KM is considered mostly a role for the Information Technologist because of its storage of the company's information on databases. Because of the "info-glut" that is occurring in many corporations, K.M. is strongly becoming the role for the Instructional Technologist to group that

Lowe’s and Information Technology Management

2337 words - 10 pages Lowe’s is a home improvement warehouse that was founded in 1946 as a single store and since has grown to become the second largest in the world. As technology has evolved, Lowe’s has made many advances incorporating new systems and devices to stay competitive. The purpose of this paper is to evaluate the information technology management systems used at Lowe’s. It will look at Porter’s Five Force Model, supply chain management; data base

Technology And Change Management Paper

2885 words - 12 pages Technology and Change Management Paper Changes are occurring constantly in the health care environment, which impact the overall operations of the industry. Technology is constantly advancing, which forces businesses to adapt to today's information-age economy. "It is the information age – a time when knowledge is power. Today, more than ever, businesses are using information and technology to gain and sustain a competitive advantage" (Haag

The Four Functions of Management: Planning, leading, controlling, and organizing

930 words - 4 pages skills.The planning function incorporates the vision, mission, objective and goals of an organization; this is the first step in the four functions of management. In order for a successful manager to obtain these goals he or she needs to evaluate where the company or organization wants to go, and how the company will get there. This will require the manager to make decisions based on what the company or organization wants to happen in the future

Social Equity and Accountability in Human Resource Management Functions

1213 words - 5 pages in employment. My thought after the interview was that maybe their looking for mature people rather than reading into the manager's statement. Many applicants face this problem and do not realize that this is a type of age discrimination. The Americans with Disabilities Act was created in 1990 and prohibits the discrimination of anyone with a disability on job employments. Social equality problems in Human Resource Management functions that

Similar Essays

Technology And Management Functions Essay

929 words - 4 pages ground-breaking and inventive initiatives for new and existing organizations. Being a team leader, during the second shift, at QTS allowed for better decisions to be made because more information was at hand. The four functions of management, including planning, organizing, leading, and controlling, were operative with cutting technology consistently being introduced. The technology is functional through programs, information systems, and various

Technology And Management Functions Essay

1048 words - 4 pages University of PhoenixTEC401 Human Factors in TechnologyBSABOBHEIO TEC/401July 27, 2009Technology is a growing field in today's society. Organizations today can not function at a faster pace without technology. Today in this paper the focus will be on "Technology and Management Functions." In this paper how management at Valero expects technology to improve business. How Valero's current technology is meeting business needs will be discussed

Technology And Management Functions Essay

1559 words - 6 pages Technology and Management FunctionsGood management is the art of making problems so interesting and their solutions so constructive that everyone wants to get to work and deal with them. Paul Hawken, Growing a Business.To my understanding, Management is the art of setting clear goals, drawing the most effective path to achieve the goals (includes identifying task need to be accomplished), dividing work and skillfully motivating others while

Sun's Strategy Within Their Marketing, Management, Technology, And Service Functions

1209 words - 5 pages Sun's strategy and how they integrate their marketing, management, technology, and service functions into one effective strategy is not a simple aspect. They created many tools to and they implemented them into the program for the final outcome of success. With the Information Technology market of today it is hard to be the best and the most competitive, you must be able to create smartest, fastest, and creative item on the market and Sun's did