SAP Optimizes Headcount Spend in Real Time
LAS VEGAS — SAP SE (NYSE: SAP) today announced a connection between the SAP SuccessFactors Workforce Planning and SAP RealSpend solutions that will provide managers with real-time visibility into financial forecasts of headcount plans, and help improve expense controls and alignment between HR and finance. The announcement was made at SuccessConnect in Las Vegas, taking place August 29–31 at The Cosmopolitan of Las Vegas.
SAP SuccessFactors Workforce Planning is a comprehensive solution in the cloud that includes strategic and operational headcount planning. The strategic planning capabilities support planning for the hiring and retention of critical talent to realize mid- and long-term strategies and goals. Operational headcount planning enables customers to respond to changing business conditions and shifting organizational needs, and to drive recruitment plans. Moreover, it transforms this traditionally once-a-year process into an ongoing practice.
SAP RealSpend, part of SAP S/4HANA Cloud for finance, is a cloud finance solution that provides visibility and access to budget and spending information, enabling live business processing via ad hoc spend analysis and other on-the-fly calculations.
Working together, SAP SuccessFactors Workforce Planning and SAP RealSpend enable managers to access financial data in real time for their operational headcount planning needs. Now generally available with the SAP SuccessFactors Q3 2017 solutions release, expected benefits include:
Increased accuracy of headcount forecasts: Access to real-time, detailed financial data, including “hidden” expenses, such as workspace costs and travel, can help customers better predict total workforce investments and minimize discrepancies between forecasts and actuals.
Improved cost controls: With “live” financial data, customers can model what future workforce investments may look like, get immediate insight into the impact of hiring decisions on the available HR budget and adjust for the optimal headcount.
Better alignment of HR and finance: Data from both HR and finance is closely aligned and shares the same source to create a more powerful digital enterprise operating core.
“Today’s dynamic organizations have access to new levels of data and operating insights, yet cannot achieve their goals for digital innovation without empowering their workforces at the core of their strategies,” said SAP SuccessFactors* President Greg Tomb. “SAP recognizes that seamless connectivity between enterprise systems and applications is fundamental to digital transformation. We are committed to making sure that our customers’ digital and workforce planning strategies are more intelligent, automated and insightful than ever before.”