How SAP SuccessFactors Employee Central Payroll Brings Simplicity to Global Payroll Management
Paying a global workforce is becoming increasingly complex. Payroll administrators have to balance compliance requirements for multiple locations and shifting workforce trends, all whilst ensuring fast, accurate, and safe payments. Without an efficient and flexible solution, your corporation faces rising payroll processing costs and lower engagement. Your HR department also misses out on the opportunity to build trust with employees through this vital touchpoint.
SAP SuccessFactors Employee Central Payroll enables global organisations to take payroll administration to the next level. An innovative cloud-based solution, SAP’s payroll system brings together all payroll processes on a single platform with embedded localisation for over 40 countries. It’s a next-generation solution that offers consistency, reduced costs, and a better user experience.
What Employee Central Payroll does
Employee Central Payroll (ECP) is the payroll module of SAP SuccessFactors Core HR. It’s an innovative payroll platform used by corporations located in Australia and all over the world.
An out-of-the-box solution with leading-edge capabilities, organisations can count on accurate, timely payroll no matter how diverse or complex the workforce. This is because ECP offers important advantages for global companies.
Flexibility and scalability
The reality is, there’s no one-size-fits-all payment model today. Even before the Covid-19 pandemic shook up global business operations, demand for alternative payment options was on the rise. A 2019 report on the Evolution of Pay found that over three-fourths of employers believe offering customised payment options can make them more competitive when trying to attract talent, and 62 per cent of employees cite off-cycle pay options as a worthwhile consideration when comparing job offers.
With SAP’s payroll solutions, you can standardise payroll processes across your entire organisation and adjust processes to meet changing needs and expectations. Actions that are challenging to implement with other platforms are simple with Employee Central Payroll. Retroactive and off-cycle payments are built into the system, and it's possible to create custom or temporary paycheck processes as needed.
As a cloud-based system, ECP is fully scalable and can grow with you. Also, your organisation can enjoy disruption-free innovation as SAP updates the software periodically. These updates are automatic and don’t require any downtime.
Minimal errors with real-time monitoring
Payroll errors are traditionally time-consuming and expensive. They can also erode employee trust. Employee Central Payroll’s forward-thinking design practically eliminates mistakes with real-time payroll monitoring.
Unlike software that relies on batch-style processing where large amounts of data are processed in batches, the SAP SuccessFactors payroll module uses continuous payroll processing. As a result, payroll administrators can use real-time analytics and alerts to identify when they need to address a potential error.
This proactive response model can reduce occurrences of double data and other inaccuracies, ensuring employees are paid on time and for the correct amount. This gives the payroll department greater confidence that the correct payments are being sent out. It also saves time. Instead of digging through error logs every time there is a discrepancy, payroll staff can quickly resolve errors in the queue before they become a problem. As SAP includes clear and accessible event records, they can also easily view past actions instead of having to create Microsoft Excel lookups to find payroll-related errors.
Streamlined global payments
In the digital era, HR departments have to develop effective processes for managing data privacy laws. For HR and payroll teams of global corporations, this can be an overwhelming task as different locations have their own laws and regulations.
SAP SuccessFactors Employee Central Payroll eliminates a lot of the complexity and manual work with built-in localisation. It automatically complies with local regulations and data privacy laws. Localised tax calculations ensure you’re compliant no matter what region employees live in. The software currently supports payroll processing in dozens of countries, offering useful features including local currencies, languages, time zones, and a calendar with national holidays.
Enjoy full integration with SAP’s SuccessFactors Core HR, which includes time management, recruitment, time and attendance, and workforce management. Align payroll processes with HR and create customised workflows to save time and increase efficiencies. ECP also integrates with third-party apps that are maintained by SAP partners such as SpinifexIT Easy Reporter and PCC Accelerator.
A payroll system designed to increase agility
With Employee Central Payroll, your HR and payroll administrators can build out processes that align seamlessly with your organisation’s unique needs.
Cutting-edge features, including organisational charts, inline comments, audit histories, and flexible workflows help to reduce error and increase transparency, while real-time processing capabilities ensure consistent, accurate paycheck processing. With global payroll out-of-the-box, your organisation can have total peace of mind that payroll is effective, no matter how large or dynamic your workforce. And supported integration enables customisation, empowering HR to create efficient solutions to problems and respond to evolving expectations with ease.
To unlock the incredible efficiency and benefits Employee Central Payroll offers, get in touch with our team today.