Are you a payroll manager or an HR manager looking to simplify your payroll management? If your answer is yes, let us introduce you to SAP SuccessFactors Employee Central Payroll. The HR digital solution is transforming payroll management. Building on the automation capabilities of SuccessFactors, Employee Central Payroll continues to provide value to businesses by improving employees’ experience.
What is SAP SuccessFactors Employee Central Payroll?
Employee Central Payroll is top-class payroll-process automation with localization features suitable for more than 47 countries. The cloud solution is ideal for local businesses and companies with a global presence, helping them simplify payroll operations. The system provides flexible deployment modules to enable companies to choose how they pay their employees– in-house, outsourced, or using a hybrid approach. The innovative payroll system is used by more than 8000 companies worldwide. As a leading payroll vendor, SAP technology regularly helps to pay hundreds of millions of people in more than 100 countries.
Employee Central Payroll Features
Sap SuccessFactors Employee Central Payroll helps you provide consistent and accurate global payroll services to your employees, providing them with services that exceed their expectations. Most importantly it integrates with tools like time tracking, document management and digital workspaces. That is to say, it will support your global business expansion and evolving workforce culture, strategy, and diversity needs by digitizing key processes to streamline HR management.
Accuracy and Consistency
SAP SuccessFactors Employee Central Payroll offers a comprehensive solution to help ensure that your employees are accurately paid for the time recorded every month. It fully integrates with the SAP ecosystem to facilitate collecting data from various applications like time trackers. The software considers contractual obligations in the company’s HR system, thus reducing double data entry and supporting accurate payout.
To sum up, the solution is based on proven technology for global, so you can get your payroll out punctually, safely, and accurately. Most importantly, it will empower in retaining your employees and avoiding contractual non-compliance penalties.
Automation and Real-Time Analytics
Payroll is the largest business expense. It is one of the most common touchpoints between employer and employee. It is also the most critical as far as accuracy and punctuality are concerned. Besides executing promptly, an efficient payroll operation must minimize errors, comply with all applicable regulations, and meet employee expectations.
Recent research conducted by Deloitte found that the most racked KPIs for HR are payment errors (89%) and days to resolve errors (54%.) Employee Central Payroll gathers data from various sources and provides real-time analytics and insights. It also sends automated payroll alerts, which help avoid errors and identify discrepancies before they turn into a real problem. Above all, it offers powerful applications to create your own payroll key performance Indicator analytic, reducing reliance on IT teams. Therefore, enabling you to customize the insights to get precisely the information needed to make critical strategic decisions and drive organizational success.
Stay Compliant and Error Free
An essential job for payroll managers working with global teams specifically is staying compliant with constant legal updates in different locations. Employee Central Payroll helps you stay on top of legal updates through the legal change notification dashboard. It proactively tracks what legal changes SAP is currently analyzing.
The system automatically detects deviations and provides the necessary details for full context. The solution also provides an auditable and repeatable process that provides complete visibility and transparency into all payroll activities. Moreover, it provides an audit trail to track all steps and history with date and time stamps.
Flexibility
SuccessFactors Employee Central Payroll allows flexible deployment models: In-House or outsourced to meet your unique needs. SAP SuccessFactors Employee Central Payroll offers a wide range of flexibility based on SAP technology and the global SAP ecosystem. If you are currently processing payroll in-house with the solution and new management decides to outsource payroll – no problem. You can keep your technology and bring in a provider to offer whatever services you need. SAP SuccessFactors Employee Central Payroll provides an option that provides the best of all worlds – in-house, outsourced, or in between.
Its customizable framework offers great flexibility to your team to create their own alerts and rules.
Scalability
Integrating SAP SuccessFactors Employee Central Payroll to your existing SAP workload will give you a chance to connect your people’s data to your business data. Some clients have seen significant cost reduction in payroll expenses by reducing the time needed for processes. For example, a client reported reducing the payroll process for their 8000 employees to 45 mins instead of 3 days.
A detailed analysis of a super major oil company, an upstream energy company, and a chemical company resulted in five-year efficiency gain/return on investment amounts of ~$1.8M, $1M, & $1.5M, respectively.
Take your business to the next level, and get in touch with our team to get a live demo for SAP SuccessFactors Employee Central Payroll.
