SAP is connecting SAP SuccessFactors Workforce Planning and SAP RealSpend to provide managers with real-time visibility into financial forecasts of headcount plans.
“HR in the workforce planning apps they use can now look at finance data when doing workforce planning so they can estimate not just overall costs but some of the hidden costs,” said Mark Brandau, vice president HCM Solutions at SAP SuccessFactors.
Working together, SAP SuccessFactors Workforce Planning and SAP RealSpend enable managers to access financial data in real-time for their operational headcount planning needs.
Benefits of the partnership include increased accuracy of headcount forecasts discrepancies between forecasts and actuals, improved cost controls, and better alignment of HR and Finance.
“I think what we’re emphasizing is how we don’t just integrate but how we start to intelligently connect business processes and extend those into other areas,” Brandau said.
SAP SuccessFactors offers a workforce planning solution in the cloud, which 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 drive recruitment plans.
SAP RealSpend is a cloud finance application that provides visibility and access to up-to-the-minute budget and spending information.
Based on SAP Cloud Platform, SAP RealSpend pulls data from the SAP S/4HANA core financial system, enabling live business processing via ad hoc spend analysis and other on-the-fly calculations.
“We’re very ambitious about how SAP SuccessFactors connects and expends to other applications and the rest of the business because HR data has never existed on an island, it can’t, it has to exist as part of the business data in other business areas,” Brandau said.
For more information about this news, visit www.sap.com.