SAP Announces Cloud-Based Time Tracking Solution to Simplify HR Processes, Enhance Employee Experience

Rhea-AI Summary

SAP SE (NYSE: SAP) announced the launch of its SuccessFactors Time Tracking solution on December 15, 2020, aimed at streamlining HR processes and enhancing employee experiences. This cloud-based tool allows for real-time tracking of employee time, minimizes labor costs, and integrates with existing SAP systems to ensure accurate payroll. Key features include flexible time management, automated approval workflows, and improved visibility into workforce costs. The solution is set to be available in January 2021.

Positive

• Launch of a cloud-based time tracking solution enhances employee experiences and simplifies HR processes.
• Real-time tracking improves transparency in pay and labor costs management.
• Integration with existing SAP systems ensures accurate payroll processing.

Negative

• None.

WALLDORF, Germany, Dec. 15, 2020 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced the SAP® SuccessFactors® Time Tracking solution. The new cloud-based solution provides organizations with simple, innovative tools to record, approve and monitor the time of their workforce. Built with an intuitive user interface, SAP SuccessFactors Time Tracking enhances the employee experience and helps ensure people are paid accurately, on time and in accordance with local regulations.

With advanced time and attendance capabilities, SAP SuccessFactors Time Tracking delivers a real-time view into employees' time entry, providing greater transparency into their pay and better control over their work schedule and overtime. Leaders can strategically track and minimize labor costs for both hourly and salaried employees with embedded insights and dashboards, helping to improve productivity throughout the workforce. The solution integrates with the SAP SuccessFactors Employee Central and SAP SuccessFactors Employee Central Payroll solutions and on-premise payroll software from SAP as well as with clock terminal integration services. This enables organizations to share relevant data across multiple systems to help ensure accurate payments. Furthermore, the SAP SuccessFactors Time Tracking solution is designed to support global operations with localized time content, including holiday calendars, country-specific pay information and messages in local languages.

"The SAP SuccessFactors Time Tracking solution provides employees with the personalization and simplicity they would expect from a consumer-grade experience," said Amy Wilson, senior vice president, HXM Product & Design, SAP SuccessFactors. "At the same time, it delivers the innovation our customers need to manage diverse and global workforces and provides greater flexibility on their journey towards the cloud."

Key benefits and features planned for the SAP SuccessFactors Time Tracking solution include:

• Greater flexibility for employees: To help employees manage their work-life balance, time account payout allows eligible employees to choose either to be paid for their overtime or to use it toward time off. Flextime handling enables employees to determine the start and end times that work best for their schedule.
• Streamlined time administration: Smart time tracking allows employees to clock in and out at terminals and track time across midnight. It enables HR to set automatic alerts to remind employees and managers about time sheets and clocking out. Time alerts provide warnings and error messages that allow administrators to review and fix time keeping and management issues, such as excessive overtime. Additionally, the time valuation trace feature provides detailed insights into each valuation step for an employee, demonstrating how specific time entries are calculated. This supports HR in quickly and easily answering employees' questions about their pay.
• Enhanced transparency of pay processes: With intelligent approval workflows, HR can set rules to automate batch time-sheet approvals. With single-record approval, managers can preapprove specific requests, such as travel time.
• Increased visibility into the total workforce: Leaders can access a complete view of workforce labor costs, including planned and recorded time sheets, time accounts and pay types. This informs workforce costs, leave liability and productivity, and supports better decision-making.

"The new SAP SuccessFactors Time Tracking solution is an important addition to SAP SuccessFactors Human Experience Management Suite," said Steve Goldberg, vice president and research director, Ventana Research Inc. "Automating and enabling these processes can be arduous, even complex, and the limitations of on-premise legacy solutions did not help. This cloud-based time management solution offers a broad set of foundational and innovative capabilities, coupled with the type of modern user interface that customers have come to expect from SAP SuccessFactors solutions."

Availability of the SAP SuccessFactors Time Tracking solution is planned for January 2021. Learn more about the solution at sap.com/time-tracking.

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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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FAQ

What is the new solution announced by SAP on December 15, 2020?

SAP announced the SuccessFactors Time Tracking solution, a cloud-based tool to simplify HR processes.

When will the SAP SuccessFactors Time Tracking solution be available?

The SAP SuccessFactors Time Tracking solution is planned for availability in January 2021.

How does the SuccessFactors Time Tracking solution benefit employees?

It offers greater flexibility for managing work-life balance, including options for overtime payout and flexible work schedules.

What are the key features of SAP's SuccessFactors Time Tracking?

Key features include real-time time tracking, automated approval workflows, and enhanced visibility into workforce costs.

Which SAP solutions does the SuccessFactors Time Tracking integrate with?

It integrates with SAP SuccessFactors Employee Central and Payroll solutions, along with on-premise payroll software.