New SAP® Fieldglass® Assignment Management Solution Simplifies External Workforce Management for Asset-Intensive Industries

Rhea-AI Summary

SAP SE (NYSE: SAP) has launched its new SAP Fieldglass Assignment Management solution to streamline the management of contractors in asset-intensive industries. This platform allows operational managers to efficiently assign and oversee projects across diverse workers and pay rates. With external labor constituting 42% of total workforce spending, this tool enhances visibility, flexibility, and compliance for organizations. It addresses complexities in contractor management, aiding in cost control and project efficiency.

Positive

• Launch of SAP Fieldglass Assignment Management enhances contractor management efficiency.
• External labor spending represents 42%, making visibility critical for cost control.
• Integration with existing systems improves compliance and reduces contract complexities.

Negative

• None.

WALLDORF, Germany, March 17, 2021 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced the general availability of SAP® Fieldglass® Assignment Management, a new solution to help manage contractors performing ad hoc work under existing supplier agreements. The solution simplifies assigning and managing work projects across multiple workers and variable pay rates, enabling operations managers to quickly deploy assignments, minimize downtime and maximize return on investment.   

Companies in asset-intensive industries such as oil and gas, chemicals, utilities and mining rely heavily on contractors to perform ad hoc maintenance and project work. These external workers are often assigned simultaneously to multiple projects. But each project may be managed individually under separate contracts, often across disparate systems. This makes it difficult to find and deploy the right resources with the right skills for each job, pay those hourly workers on time while enforcing contract compliance, and track hours and costs against purchase orders, cost centers and work orders.

"SAP is providing a solution on a single platform on which companies can manage the complexity of multiple projects with several contractors under one supplier agreement," said Mickey North Rizza, IDC Program Vice President of Enterprise Applications and Digital Commerce. "This solution limits up-front sourcing for every project and reduces overall supply agreements while extending information into the manufacturing operation systems and ERP."

External labor accounts for 42% of total workforce spend, according to a recent report by SAP and Oxford Economics. Although 55% of the executives surveyed said that their company would be unable to conduct business as usual without an external workforce, many organizations lack visibility and insight into this large, strategic spend category. The SAP Fieldglass Assignment Management solution helps provide transparency, flexibility and control with a single interface to simplify how organizations manage contractors deployed on an as-needed basis within gated facilities.

"As the portion of business spend on external labor grows, companies need full transparency into their external workforce operations," said SAP Fieldglass General Manager Arun Srinivasan. "SAP Fieldglass Assignment Management enables organizations to better control their costs with a highly configurable, integrated tool. Businesses in asset-intensive industries can be confident that highly skilled contractors have access to the right facilities to complete the critical maintenance work while ensuring billing is done accurately and labor regulations, including worker safety, are followed."

Already an industry leader in external workforce management, SAP is responding to customer demands with the release of SAP Fieldglass Assignment Management to empower organizations with:

• Visibility to improve cost control and results. Pay rules help manage compliance at the contract and location level, and businesses can track standard time and overtime on a daily basis.
• Flexibility to increase speed and productivity. Integration with gate pass systems and embedded smart logic help ensure more accurate calculation of working time with fewer errors, enabling organizations to help keep their maintenance crews and operations running smoothly to minimize downtime and disruptions.
• Confidence to manage compliance and security risks. Better tracking and management of work assignments help ensure contractors have access to the proper facilities and that on- and offboarding are standardized across workers. This helps to mitigate risk and increase compliance with local labor regulations.

To learn more about SAP Fieldglass Assignment Management, visit here.

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About SAP
SAP's strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 77% of the world's transaction revenue touches an SAP system. Our machine learning, Internet of Things (IoT) and advanced analytics technologies help turn customers' businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want — without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously and make a difference. With a global network of customers, partners, employees and thought leaders, SAP helps the world run better and improve people's lives. For more information, visit www.sap.com.

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SOURCE SAP SE

FAQ

What is the new SAP solution announced on March 17, 2021?

The new solution is SAP Fieldglass Assignment Management, designed to improve contractor management.

How does SAP Fieldglass Assignment Management benefit businesses?

It provides visibility, flexibility, and control over contractor management, critical for asset-intensive industries.

What percentage of workforce spending is accounted for by external labor?

External labor accounts for 42% of total workforce spending.

What industries can benefit from SAP Fieldglass Assignment Management?

Asset-intensive industries such as oil and gas, chemicals, utilities, and mining can benefit.

Why is contractor management important for organizations?

Effective contractor management ensures compliance, reduces costs, and improves project efficiency.