“Why has my overtime allowance been calculated incorrectly?”, “Has my new tax allowance been taken into account?”, or “Why is my annual bonus missing?” – questions like these land on the desks of payroll teams every month. Payroll teams face numerous complex challenges in the modern workplace, given employees’ preferences for flexible working arrangements.
According to a report from EY, 87% of employers report that the rising demand for flexible or hybrid work arrangements is putting increased pressure on payroll.
Despite the growing complexity of compensation models, many companies still rely on outdated payroll systems that raise more questions than they answer. On average, companies only have a 80.15% payroll accuracy rate.
While this figure may seem high, even the smallest margin of payroll errors can erode the trust between employees and the company. Approximately one in four employees (24%) will look for a new job after the first payroll mistake.
SAP Payroll tackles such challenges and streamlines these processes through intelligent automation and precise monitoring. Read on to learn how SAP SuccessFactors Employee Central Payroll can benefit your organisation, and how SAP partners like Zalaris can support you in transitioning to a future-proof payroll system.
What is SAP SuccessFactors Employee Central Payroll?
SAP SuccessFactors Employee Central Payroll is a cloud-based solution designed to automate and manage payroll processing. The tool integrates seamlessly with other SAP SuccessFactors modules, enabling companies to manage their payroll processes with ease in a centralised location.
SAP Payroll is available globally in 50 countries, and automatically takes into account local regulations such as tax rules and social security contributions. With SAP, payroll is processed accurately and on time, every time with 99% accuracy.
Through continuous monitoring of the payroll process, errors are detected and corrected early, before they impact payouts. This helps build trust among employees and reduces administrative workloads for the payroll team.
With SAP’s innovative AI assistant Joule, employees can receive instant assistance with payroll queries, and complete self-service activities like time tracking and absence management with ease.
Know more on the topic
Versatile features for modern payroll processing
SAP Payroll combines innovative technology with proven functionality. Discover the key features that enhance your payroll processes:
1. Intelligent payroll automation:
From precise calculation of gross salaries to the complex management of tax deductions and social security contributions, SAP SuccessFactors EC Payroll manages the entire payroll process automatically. A sophisticated system of validation routines ensures maximum accuracy and on-time delivery in every payroll cycle.
2. Proactive monitoring and error detection:
At the core of SAP SuccessFactors EC Payroll is its intelligent monitoring capability. It continuously analyses all payroll processes, detecting potential inconsistencies before payroll is dispatched, preventing costly errors. Payroll managers are automatically notified and can take immediate corrective action, ensuring a smooth, error-free payroll process.
3. Innovative self-service features:
Modern employee portals offer your workforce a seamless self-service experience. Through intuitive mobile interfaces, employees can view their payslips, update personal information, and manage their working hours. This creates a win-win situation: employees are satisfied and engaged, and the burden on the HR department to manage administrative tasks is reduced.
4. Comprehensive reporting and strategic analysis:
SAP SuccessFactors EC Payroll provides detailed insights into your payroll processes. In-depth reports and analytical evaluations enable a complete overview of salary structures and cost developments. When used in tandem with other SAP modules like SAP SuccessFactors Compensation, high-performing individuals can be appropriately rewarded. These insights enable your organisation to make data-driven strategic decisions and continuously optimise your processes.
5. Flexible deployment options:
SAP SuccessFactors EC Payroll offers companies various product suites and implementation models that can be tailored to an organisation’s specific needs. SAP partners like Zalaris also offer out-of-the-box solutions that are ready to implement, significantly cutting down on the time-to-value.
6. Reliable compliance:
SAP SuccessFactors EC Payroll makes implementing changes to payroll policies easy – whether they are internal changes like new guidelines for commuting allowances, or regulatory and legal revisions that affect specific regions. This reduces the burden of constantly monitoring compliance, saving valuable time and resources for your HR department.
7. Scalability for growing companies:
Whether you are expanding from 50 to 500 or from 1,000 to 10,000 employees, SAP SuccessFactors EC Payroll scales with you. Complex salary structures, additional locations, or international expansion? No problem – SAP SuccessFactors seamlessly adapts to your growing needs while keeping every detail in check.
Who is SAP Payroll suitable for?
SAP SuccessFactors Employee Central Payroll is ideal for companies seeking a flexible, scalable, and secure payroll solution. It is particularly well-suited for:
Medium and Large Companies:
Businesses looking to digitise and automate their payroll processes benefit from SAP SuccessFactors EC Payroll’s flexibility and scalability. This solution can be seamlessly integrated with existing HR systems, reducing the risk of business disruptions and data losses.
Companies operating across the globe:
For international organisations, SAP SuccessFactors EC Payroll provides a global platform that provides a unified experience to all employees across the world. The system automatically ensures compliance with local regulations and guidelines, mitigating the risk of consequential payroll errors.
Kick-start your payroll digital transformation journey with Zalaris
As a certified SAP partner with over 20 years of experience, Zalaris supports companies through every step of their journey towards digital payroll processing. From planning to implementation, Zalaris works closely with you to develop a customised strategy for your payroll transformation.
This includes in-depth discussions on system architecture, integration with peripheral systems and coordination within your IT landscape.
Manual payroll processing and overburdened HR departments are a thing of the past with SAP SuccessFactors Employee Central Payroll.
This is the ideal solution for automating modern, secure and scalable payroll processes.
Want to know more? Get in touch with us for an expert consultation.