Emphasizing Business Value Drivers and Benefits of Core HR and Payroll

Objective

After completing this lesson, you will be able to emphasize SAP's business value drivers and benefits of Core HR and Payroll.

Business Value Drivers and Benefits of Core HR and Payroll

SAP SuccessFactors HCM provides flexible core HR and payroll functionality to help meet the expectations of your people and the needs of your organization.

SAP SuccessFactors Core HR and Payroll solutions serve as the common people data model for all SAP cloud applications, enabling organizations to use a single source of data across the entire business, including finance, to unlock new potential for improved insights, processes, experiences, and operational efficiencies. Benefits include the ability to:

  • Increase employee engagement and productivity by delivering individualized experiences designed for how people work best.

  • Improve organizational agility by supporting all people in all locations across all ways of working with the flexibility to quickly expand and adapt.

  • Boost performance and retention by finding, developing, and mobilizing the skills, attributes, and leaders needed for today and tomorrow.

  • Achieve more faster with less risk, complexity, and cost by adopting a cloud-first approach backed by technology, partnership, and community.

Video Highlights:

  • Centralized HR Compliance: SAP SuccessFactors Document Management Core centralizes the storage and management of digital employee files, facilitating effective adherence to HR compliance obligations and data protection requirements.

  • Secure Access and Audit Capabilities: Utilize role-based permissions to protect sensitive documents from unauthorized access, complemented by an audit trail that captures document activity history for regulatory compliance demonstration.

  • Automated Document Management: Simplify compliance with automated retention rules by document type and region, and streamline document tracking with completeness checks, allowing self-service uploads to keep employee files up -to-date and compliant.

Achieve a higher return on investment with integrated Core HR, Time Management, and Payroll.

  • Streamline time entry and approvals.

  • Eliminate errors and keep payroll accurate with seamless integrations.

  • Increase control and transparency for employees.

  • Empower accurate and efficient payroll with SAP SuccessFactors solutions.

An organization’s people, and people data, play a critical role in their daily operations, strategic planning, and business outcomes. A review of SAP customer success stories shows companies who have adopted a connected cloud HR and ERP approach are extending beyond the traditional HR and Finance silos to drive added value across the entire organization.

  • Improve business decisions with people data and insights

    People impact every aspect of a business – from production to sales to the customer experience the organization is known for. The data and insights organizations need to operate faster, smarter, and better are all available. But the traditional silos and manual processes that span HR and the broader organization can hinder a company’s ability to quickly evaluate, plan, and adapt. With a connected approach to HR and the rest of the business, people and operations data can be brought together into a single, real-time view to help guide decisions that are good for both the people and the business.

    Results from SAP SuccessFactors customers, including a single source of HR data truth, 5x faster business and revenue reporting processes, and 90% faster customized reports.
  • Optimize your total workforce

    In today’s competitive talent landscape, an organization’s people are a true differentiator. They determine an organization’s ability to innovate, compete, and grow. But an ever-changing mix of talent and ways of working, including the rise of contingent workers and the hybrid workplace, has many companies struggling to achieve this people-driven success. With connected cloud HR and ERP, organizations can bridge the gap between employees and external workers and provide equal opportunity to learning, growth, and career advancement. Current and future skills can be proactively identified – in direct alignment with business goals – to be ready to quickly reskill and redeploy as needed.

    Results achieved by SAP SuccessFactors customers, including 121% faster identification and nomination of talent, over 80% faster process for performance and goals evaluation, and 100% accuracy in monthly project forecasts.
  • Increase engagement and efficiency with seamless experiences

    The employee experience is driven by how we think and feel about all of our day-to-day interactions with an organization – not just our ‘HR’ experiences. HR plays a critical role in ensuring every individual is connected to the systems, tools, people, processes, and opportunities they need to be their best. With a connected HR and ERP approach, organizations can enable cohesive experiences and seamless processes designed for how, when, and where people work. They can eliminate frustration and inefficiencies by turning disparate systems and manual tasks into automated, frictionless processes and personalized experiences.

    Results from SAP SuccessFactors customers, including 100% of manual processes now automated across all departments, 80% faster approval workflows, and over 20% increase in recruiting productivity.
  • Reduce financial, compliance and security risk

    People – and their associated data – are at the core of the business, serving as a critical component to an organization’s operational success. Yet for many organizations, the ongoing reliance on siloed systems and manual nature of data sharing results in a perpetual cycle of cross-checks and clean-up. This is not only costly and inefficient but can create significant problems for both the people – who want to be paid accurately and on time – and the business – that needs to comply with ever-changing laws and regulations. With a connected approach to HR and ERP, every department has access to the same, real-time people data so every process can be powered by the same, real-time people data. And with advanced technologies to automate the processes that keep a business running, an unprecedented level of operational efficiency can be reached.

    Results achieved by SAP SuccessFactors customers, including 1,168% faster payroll processing, 10 hours saved per week in HR and accounting with automated processes, and a 67% reduction in time to complete compensation management processes.
  • Break down silos and fuel innovation with HR and ERP operating from the same platform

    Platforms serve as the foundation of an organization’s technology landscape, but not all are created equal. As market dynamics continuously shift and business needs change, it’s imperative to have a platform that gives the organization the flexibility to quickly adapt – with native applications, the broader ecosystem, and a company’s own innovations. A single open platform and integration that goes beyond data enables end-to-end-processes, seamless user experiences, and secure identity management – helping to increase operational efficiencies while lowering the Total Cost of Ownership (TCO).

    Results achieved by SAP SuccessFactors customers, including a 15% reduction in IT maintenance time, 80 hours saved per week in labor related to manual data entry and analysis of integration errors, and 16% of projects completed under budget due to the speed and efficiency of implementation.

By optimizing these business value drivers, SAP SuccessFactors Core HR can help organizations improve HR service delivery, engage and retain top talent, and drive better business outcomes through effective human capital management.

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