Automate the Compensation Process End-to-End inside SAP SucessFactors®

4.8 rating4

Automates the compensation process end-to-end for HR, HRBP, HRIS, compensation teams, managers, and executives, removing the manual spreadsheets that fill gaps in standard configuration. Handles recommendations, reporting, budget management, plan design, and rules. Ingests data from multiple sources, validates it for accuracy, and runs reliably every cycle. Extends SAP SuccessFactors natively, built on SAP BTP.

Benefits

  • Provides comprehensive, real-time, advanced compensation reports

    Advanced Compensation Analytics is a seamless extension that provides simple, real-time, advanced compensation reports to Managers, Executives, HR, and Compensation administrators. These customizable reports can help manage plan budgets, allow quick analysis, identify internal equity gaps, and provide easy calibration for executives to complete the cycle.

  • Automate and Streamline Monthly Accrual Processes with Automated Calculations

    Leverage your variable pay template to calculate monthly accruals and generate accurate accrual reports. WORKstream provides tools to automate data scrubbing and data transfer tasks, making monthly accrual generation fast and simple. Remove the guess work from your accruals process using WORKstream.

  • Ensures data accuracy and saves time by automating your data management process

    WORKStream automates common data challenges. Employee information can be inconsistent and contain exceptions that must be captured and adjusted. Without WORKStream, compensation professionals rely on a time-consuming, manual process of reviewing data to find and fix errors.

  • Transforming and creating the Variable Pay History Import File

    History capture begins with loading the history row for each participant. New data is compared to the history already captured; if it is different, a new row is created. Corrections can be handled directly with the background element. Once calculated, variable pay history can be calculated, the worksheets created, and comp statements generated. You can create the variable pay history file when necessary, it also supports periodic accrual reports

  • Generate Customized Total Compensation Statements

    Create customized Total Compensation Statements by consolidating and transforming multiple files produced with ad hoc reports. Consolidate different compensation statements created at other times of the year for merit, short-term, and long-term incentives and plans not administered in SuccessFactors. Produces Total Compensation statements by consolidating them into a single form.

Features

Accumulation of history for accurate bonus calculations

Accumulating and accurately reporting bonus data can help align incentives with specific business objectives. Accurate calculations allow you to analyze trends and identify patterns, making informed decisions about bonus structures, such as adjusting or introducing new performance metrics.

Accumulation of history for accurate bonus calculations
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Consolidation of data from multiple sources

Consolidating data creates operational efficiency and provides more complete data to analyze trends to provide insights to better align with your business goals. It eliminates redundancy and minimizes the risk of errors.

Consolidation of data from multiple sources
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Transfer of data between compensation and variable pay templates

It significantly enhances value by streamlining processes, aligning incentives, and promoting better decision-making. As data flows seamlessly, it reduces manual errors, administrative overhead and improves accuracy. Data-driven insights lead to better business outcomes.

Transfer of data between compensation and variable pay templates
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Plans and pricing

Customer reviews

Product.Pricing.Reviews.PromptForReview.ReviewsExist.MessageWrite a review
9. März 2022Edita K., Compensation / Global Mobility Professional, expert in benchmarking, policy and communication., Terex Corporation
What do you like best about the product?
We have been working with EIR for over 10 years. They introduced EIR Comp Stream to us a few years ago and it was a lifesaver. Our HRIS system is not integrated with SAP. Comp Stream helped us to eliminate manual salary...
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28. Oktober 2020Christine H.
What do you like best about the product?
It automates most of the analyses by drawing upon data within our SF compensation planning system and tailored to our organization’s custom processes and unique requirements. It has saved considerable time for multiple...
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19. Oktober 2020Verified User in Electrical/Electronic Manufacturing
What do you like best about the product?
EIR’s COMPstream has been instrumental in helping us automate our monthly incentive accruals process as well as our year-end compensation cycle. COMPstream replaced a complex on-prem custom applications which could not...
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Technical Information

Solution typeExtensions and Add-onsCategoryTalent ManagementIndustryEngineering, Construction, and Operations, Life Sciences, Retail, Banking, Cross-IndustryWorks with SAP SuccessFactors Employee CentralSAP Integration Suite

Resources

WorkStream Overview

Automate bonus accruals for improved accuracy.

EIR WORKstream® : Advanced Compensation Analytics

EIR WORKstream® : Incentive Plan Design

Incentive Pool Management

Customer Testimonials

Publisher