Automate the Compensation Process End-to-End inside SAP SucessFactors®
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.
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.
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.
Plans and pricing
WORKstream for Compensation
Free design session
Includes 1 Process For 3 DaysFree- Maximum contract 3 days
Free design session
Includes 1 Process Suite Edition
Starting at $5,000/ yr. Please contact us for further information.
Price unavailable in this region- Minimum contract 1 year
Starting at $5,000/ yr. Please contact us for further information.
