How many days does it take you to prepare for the payroll payment? Are the days before the payment the days when no one can talk to the Payroll team and they completely disappear? Surely yes, and there are two, three and even four days in which the days are longer, they are very stressful and everything must be perfect to avoid complaints from other workers.
Managing payroll is a task that can quickly become very complex, especially in local, growing organizations or regional companies with multiple types of payrolls. HR and payroll teams face several challenges, such as: lack of visibility on the payroll process and the status of payments at the regional level, the difficulty managing complex rules payroll, and the concern about Maintain legal and regulatory compliance in multiple countries with changing regulations. These challenges make companies look for innovative and effective solutions to manage payroll more efficiently, but is that possible or is it a utopia? This is where the Employee Central Payroll for SAP SuccessFactors.
What's unique about this payroll? This cloud-based solution not only automates and optimizes payroll processing, but also transforms management to provide greater visibility, compliance, and real-time data analysis, helping companies overcome these challenges.
But first things first, what is the Employee Central Payroll (also known as Employee Central Payroll) from SAP SuccessFactors?
Employee Central Payroll is an integrated cloud solution that allows companies to manage their payroll - locally and regionally - efficiently and in compliance with the regulations of each country. It has locations for 45 countries and is backed by a robust, reliable and efficient payroll engine, which today processes payments for More than 80 million employees worldwide, as it is a solution designed for all types of companies, sectors, sizes, economic activities, local or multinational.
And how can this payroll help you and your company? Here are some of the key benefits that you could evaluate with your team how much it is costing them:
1. Reduction of errors and operating costs
Payroll errors not only lead to employee dissatisfaction and complaints, but can lead to lawsuits, legal penalties, and/or high operating costs. With Employee Central Payroll, you can: significantly reduce processing time and cost payroll and closing processes, thanks to the automation of processes that minimize manual tasks and, therefore, human errors.
2. Guaranteed regulatory compliance
Complying with local regulations is one of the biggest challenges for growing and/or regional companies. This SAP solution offers you compliance assurance, automatically keeping local regulations up to date, relieving companies from having to constantly make manual changes. This allows organizations to: maintain compliance in all countries where they operate.
3. Visibility and control of the payroll process
One of the great challenges is the lack of visibility in the payroll process: the 97% of HR leaders admit to needing some information about some aspect of their workforce on a near-daily basis, but only 11%, only 11%![1], is capable of generating the information it needs in real time... What percentage are you in? Are you in the 11% capable of generating the information you need?
SAP SuccessFactors Employee Central Payroll in conjunction with SAP SuccessFactors Employee Central (which helps us with personnel actions) offers complete visibility into payroll status in real time, allowing companies to make decisions based on accurate information. With integrated key performance indicators (KPIs) and analytics, HR teams can gain insights into the payroll process. Additional information on payroll trends, detect anomalies and act proactively at any time during the fortnight, without having to wait until the last minute and run the risk of making last-minute changes.
4. Flexibility and scalability
Payroll needs change as businesses grow and expand. This solution is highly flexible and scalable, allowing you to manage payrolls across multiple countries, currencies and regulations. Plus, its benchmarking capabilities payment period trends provides an additional advantage for making data-driven decisions (We start from 11%, not just 97%…).
5. Improving employee experience
An efficient payroll system improves the employee experience by ensuring payments are accurate and on time. Plus, with self-service tools, employees can access their payroll information anytime, anywhere, from their computer or mobile device.[2]. And considering that Only 1 in 5 employees globally have a desk While the other four are mobilizing and operating in the field, mobile access is critical to strengthening communication, transparency and improving their trust in your company.
And who will accompany you if you decide to make the change to this payroll? The logical thing would be to look for a business partner with experience and leadership in the region.
En Exempt, we have been pioneers in the implementation of this innovative solution in Central America. We are proud to have sold the First SAP SuccessFactors Payroll Project in the region, which positions us as a benchmark in the implementation of modern and efficient payroll solutions. We have a team of expert consultants in the implementation of Employee Central Payroll, and we have extensive experience in the Migration from Payroll HCM to this new solution, ensuring a smooth, optimized transition and guaranteeing return on investment.
In conclusion…
Optimizing payroll is not just about making payments on time, but doing so in a timely manner. smart, efficient and strategic. The Payroll of Employees Center for SAP SuccessFactors offers a modern, integrated and scalable solution that transforms the way you manage this critical process.
The benefits of improving the processing time from payroll, obtain greater visibility of the process and take advantage advanced analytics to optimize payment trends, making this solution ideal for companies looking to modernize and globalize their payroll.
En ExemptWe are ready to accompany you every step of the way on this journey towards optimizing your payroll. With our experience and the support of SAP SuccessFactors, your company can take the step towards an agile and strategic payroll!
For more information, visit www.axento.net.
[1] Fountain: "2021 Deloitte Global Human Capital Trends” – https://www2.deloitte.com/content/dam/insights/us/articles/6935_2021-HC-Trends/di_human-capital-trends.pdf
[2] Fountain: "2022 State of Deskless Work Report” – https://info.skedulo.com/rs/960-CDH-700/images/State-of-Deskless-Work-Report-2022_Skedulo.pdf
