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SAP Fieldglass Assignment Management Solution Now Available
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SAP SE (SAP - Free Report) recently announced the availability of its SAP Fieldglass Assignment Management solution. The latest offering is aimed at aiding contractors to streamline assignment and management of workers across various projects and at different pay rates, thereby, boosting return on investment and minimizing downtime.
With SAP Fieldglass Assignment Management solution, business enterprises can better manage their costs by tracking standard time and overtime daily. The offering will also help companies better comply with requirements of local labor regulations.
Further, the solution will aid enterprises to improve working time calculation by integrating with gate pass systems. This will enable businesses to reduce downtime and ensure smooth running of their maintenance crew and operations.
SAP Fieldglass Assignment Management solution is well-suited to asset-intensive industries like utilities, oil and gas, chemicals and mining. These industries require higher number of contract workers (who are also assigned to multiple projects at the same time) to perform unplanned maintenance as well as project work.
Opportunities in the Services Procurement Market Bode Well
SAP Fieldglass applications refer to the company’s open vendor management system based on cloud. These applications are aimed at aiding business enterprises with efficient management of their external workforce.
The company’s Fieldglass portfolio of solutions includes SAP Fieldglass Contingent Workforce Management, SAP Fieldglass Assignment Management, SAP Fieldglass Services Procurement services and Worker Profile Management solutions.
SAP Fieldglass Assignment Management offering allows organizations to streamline external work administration as a part of its supplier agreements. The solution will help enterprises to easily recruit large flexible labor for various projects and onboard them through automated processes.
The solution will also help keeping tabs on review hours with integrated time tracking system and manage daily time and service entry sheet that can be unified with the company’s Enterprise Resource Planning (ERP) tool.
Per a ResearchAndMarkets report, the worldwide services procurement market is expected to see a CAGR of 10.4% between 2020 and 2027, reaching a value of $1.5 billion. The services procurement market, globally, is driven by increasing availability of freelancers as well as the need for cost-effective spend management pertaining to contractual labor.
These projections bode well for SAP’s Fieldglass applications’ solutions. Recently, SAP Fieldglass Contingent Workforce Management and SAP Fieldglass Services Procurement applications were leveraged by Capgemini to manage its skilled contingent workforce.
However, SAP needs to watch out for intensifying competition in the space from the likes of Beeline, DCR Workforce, Workmarket, Provade, and Upwork Global.
The long-term earnings growth rate for Vishay, Skyworks and MaxLinear is currently pegged at 20.3%, 19%, and 20%, respectively.
Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
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SAP Fieldglass Assignment Management Solution Now Available
SAP SE (SAP - Free Report) recently announced the availability of its SAP Fieldglass Assignment Management solution. The latest offering is aimed at aiding contractors to streamline assignment and management of workers across various projects and at different pay rates, thereby, boosting return on investment and minimizing downtime.
With SAP Fieldglass Assignment Management solution, business enterprises can better manage their costs by tracking standard time and overtime daily. The offering will also help companies better comply with requirements of local labor regulations.
Further, the solution will aid enterprises to improve working time calculation by integrating with gate pass systems. This will enable businesses to reduce downtime and ensure smooth running of their maintenance crew and operations.
SAP SE Price and Consensus
SAP SE price-consensus-chart | SAP SE Quote
SAP Fieldglass Assignment Management solution is well-suited to asset-intensive industries like utilities, oil and gas, chemicals and mining. These industries require higher number of contract workers (who are also assigned to multiple projects at the same time) to perform unplanned maintenance as well as project work.
Opportunities in the Services Procurement Market Bode Well
SAP Fieldglass applications refer to the company’s open vendor management system based on cloud. These applications are aimed at aiding business enterprises with efficient management of their external workforce.
The company’s Fieldglass portfolio of solutions includes SAP Fieldglass Contingent Workforce Management, SAP Fieldglass Assignment Management, SAP Fieldglass Services Procurement services and Worker Profile Management solutions.
SAP Fieldglass Assignment Management offering allows organizations to streamline external work administration as a part of its supplier agreements. The solution will help enterprises to easily recruit large flexible labor for various projects and onboard them through automated processes.
The solution will also help keeping tabs on review hours with integrated time tracking system and manage daily time and service entry sheet that can be unified with the company’s Enterprise Resource Planning (ERP) tool.
Per a ResearchAndMarkets report, the worldwide services procurement market is expected to see a CAGR of 10.4% between 2020 and 2027, reaching a value of $1.5 billion. The services procurement market, globally, is driven by increasing availability of freelancers as well as the need for cost-effective spend management pertaining to contractual labor.
These projections bode well for SAP’s Fieldglass applications’ solutions. Recently, SAP Fieldglass Contingent Workforce Management and SAP Fieldglass Services Procurement applications were leveraged by Capgemini to manage its skilled contingent workforce.
However, SAP needs to watch out for intensifying competition in the space from the likes of Beeline, DCR Workforce, Workmarket, Provade, and Upwork Global.
Zacks Rank & Stocks to Consider
SAP currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are Vishay Intertechnology (VSH - Free Report) , Skyworks (SWKS - Free Report) and MaxLinear (MXL - Free Report) , all sporting a Zacks Rank #1 (Strong Buy), presently. You can see the complete list of today’s Zacks #1 Rank stocks here.
The long-term earnings growth rate for Vishay, Skyworks and MaxLinear is currently pegged at 20.3%, 19%, and 20%, respectively.
Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2021 today >>