ERP software integrates business processes like accounting, human resources, production, and marketing. Payroll software manages employee salaries, wages, bonuses, benefits/deductions, tax calculations, payments, and reporting. It includes features like automated timesheets, employee profiles tracking personal/pay details, self-service portals for benefits enrollment, and user balances tracking earnings/deductions. Reporting provides historical payroll data and analytics on costs, taxes, absences, and regulatory compliance.