SaaS Glossary - Essential Terms Defined

Portfolio management is described as the process of managing an individual's assets in order to maximize earnings over a set period of time.

Project planning is a phase in project management where the necessary paperwork is generated to ensure that the project is completed successfully. All activities taken to identify, schedule, integrate, and organize additional plans are recorded.

Prototype creation or prototyping is an iterative method in which design teams transform abstract concepts into concrete forms, ranging from paper to digital. To capture design ideas and test them on consumers, teams create prototypes with varying degrees of fidelity. You should refine and verify the designs with prototypes so that your company can release the correct products.

A project template is a project that includes work packages and actions that you know you will frequently apply to various projects.

Procurement or purchasing is the act of obtaining goods, supplies, and/or services. Therefore, project procurement is obtaining all of the materials and services required for the project.

Progress tracking is the method used to track the progress of tasks in the OKR software. By tracking your progress, you can compare actual to planned progress, and identify issues that may prevent the project from staying on schedule and within budget.

Payroll management is the process of keeping track of workers' salaries, benefits, bonuses, net pay, and deductions in a financial system.

A predictive dialer is an outbound calling system that automatically dials from a list of phone numbers. A predictive dialer makes calls to numbers before it senses a link, at which point it transfers the call to a live agent. Busy signals, voicemails, no-answers, disconnected numbers, and so on are all filtered out by dialers.

The Parent Portal is a tool for you to stay informed and engaged in your child's education.

Payroll is defined as the process of paying salary to a company’s employees. It starts with preparing a list of employees to be paid and ends with recording those expenses. It’s a tangled process that needs different teams such as payroll, HR and finance to work together. But, businesses can manage all the complexities effortlessly by choosing modern technology. Simply put, the process involves arriving at what is due to the employees for a particular payroll cycle after adjusting the necessary deductions like TDS, employees’ PF contribution, meal coupons, etc. A payroll cycle is the time gap between two salary disbursements. Businesses can opt to pay salaries on a weekly, bi-weekly, or monthly basis. Generally, it is processed every month in India.