Managing Rates for external workers from your supply base can be complex. Unlike a permanent workforce that has a salary or a single hourly rate, an external workforce can have a variety of rates that are subject to various conditions such as worker role, supplier, time worked, location, and regional workforce laws & policies, among others. These variables can add up, resulting in a massive number of rate objects that organizations need to manage and maintain to ensure accurate and compliant billing.
SAP Fieldglass has a simplified approach to Rates that streamlines the creation and management of rate structures by reducing complexity, volume, and time commitment without sacrificing accuracy, ensuring that organizations can effectively manage and control their workforce costs.
Simplified Rate Structures
SAP Fieldglass simplifies the configuration & ongoing maintenance of rates that are based on multiple conditions by compiling them into a Custom Lookup table that incorporates each rate variable to determine the correct rate for each given scenario. Custom logic allows companies to manage large amounts of data across many areas of the SAP Fieldglass application, making it easy to associate a proper rate according to such data points as:
- What work is required.
- What supplier is supplying the worker.
- Where the worker is needed.
- Where they’re doing the work.
- How much they’re being paid.
Improved Efficiency
- Regular rate updates could be completed using just one upload which greatly reduces the complexity of configuring & maintaining rate structures.
- The number of Job Posting Templates can be reduced as role level variations (entry, experienced, advanced, etc.) could be handled as a Custom Field value.
Differentiators
- Deployed in more than 180 countries, SAP Fieldglass supports very complex rate & legislative requirements, including Payroll tax, Workers Compensation, & more!
- Cost Avoidance & Cost Savings can be reported on if a reduced rate is accepted by a supplier.
- Leverage Big Data to easily view historical information to see what rate has been paid previously over the past months & compare it to SAP Fieldglass Market Data, which is comprised of over $90B in spend.
- Arm your organization with negotiation power to see if your rates are competitive compared to market averages.