Germany-based global software company SAP SE’s (SAP - Free Report) subsidiary SuccessFactors has come up with a fresh wave of improved cloud-based human resource solutions yet again that pledges to further enhance organizational flexibility of clients. SuccessFactors has introduced new “rapid-deployment solutions” for simplifying and accelerating functions related to human capital management (HCM) cloud solutions.
Inside the Headlines
SucessFactors’ comprehensive portfolio of rapid-deployment solutions allows effortless implementation of almost all SAP SuccessFactors solutions irrespective of the customer type. This portfolio expansion on the part of SuccessFactors will make it possible for clients to transform their traditional Human Resource (HR) practices to highly efficient cloud ecosystem, thereby reducing the complexity of HR operations and enhancing organizational performance.
Encouragingly, the fact that the latest rapid-portfolio solutions can develop long-term HR blueprints will especially help customers who challenged with dealing HR needs that will arise in the future. Most importantly, they will allow customers to harmonize between the present and the future HR needs to come up with optimal solutions.
SuccessFactors’ latest rapid-deployment solutions will further strengthen its diverse portfolio of existing Rapid Deployment solutions thereby allowing consumers to allow customers to innovate HR functions. Here’s looking at the latest additions:
SAP SuccessFactors Employee Central: This rapid-deployment solution offers a better understanding for HR managers about the entire Human Resource Management (HRM) process to better deal with issues like absenteeism and management during “time-off” of key personnel.
SAP SuccessFactors Employee Central Payroll for United States: This will greatly simplify execution of payroll practices on a cloud-based platform within the U.S.
SAP SuccessFactors Align & Perform: Performance and goal management functions will become highly transparent with this rapid-deployment solution. Also, employees will gain significantly from better visibility of goals and detailed feedback of performance that comes with it.
SAP SuccessFactors Succession & Development: This rapid-deployment solution promises to optimize strategic hiring by identifying appropriate candidates for suitable roles.
The current market trend reveals that organizations are favoring cloud-based solutions for HRM as they allow standardization and simplification of the practices. However, these organizations have to tread carefully to ensure that the whole process is non-disruptive.
SAP’s biggest strength is that it acknowledges the fact and comes up with solutions that are scalable allowing every organization to adopt the cloud revolution at their own convenient pace. This the reason for which they come up with solutions that can be flexed according to the customized demand of the clients for maximizing their performance potential.
SAP has proactively taken up measures to popularize the content of its SucessFactors solutions. In the previous month, the company came up with an advanced version of SAP SuccessFactors HCM Suite that is expected to herald a new era in human resource management.
With international organizations like Heineken and Affinion Group choosing SuccessFactors HCM solutions and an escalating customer count to more than 730 from around 390 a year ago implies that growth momentum of the company is unlikely to slow down any time in the future.
SAP currently has a Zacks Rank #2 (Buy). Other top-ranked stocks in the industry include MicroStrategy Inc. (MSTR - Free Report) , Open Text Corporation (OTEX - Free Report) and Manhattan Associates, Inc. (MANH - Free Report) . All three stocks sport a Zacks Rank #1 (Strong Buy).
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