Driving HCM Success With Analytics
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Key Takeaways
⇨ SAP SuccessFactors has introduced Report Stories and Workforce Analytics, which provide advanced reporting and dashboard capabilities to optimize HR functions and drive better decision-making.
⇨ Organizations should partner with experienced implementation services like AspireHR to successfully leverage new analytics features, ensuring proper integration, customization, and user training for maximum impact.
⇨ Companies need to be proactive in transitioning from older reporting tools to new capabilities in SAP SuccessFactors to avoid disruptions and fully capitalize on data-driven insights for HR management.
No matter what task a team has within its organization, it is being tasked with working smarter. Companies see the need for deeper insights to drive better decisions in all areas. Though many SAP organizations may see these as most important for finance or supply chain, delivering data-driven insights can be particularly impactful for HR teams as well.
To help SAP organizations reap these same benefits within HR, SAP SuccessFactors has several updates to its reporting and analytics toolset. Companies should familiarize themselves with the new capabilities. This will help them to better understand how they can optimize their workforces to drive innovation and efficiency.
Understanding SAP SuccessFactors Analytics Capabilities
For years, companies have been able to utilize Canvas to develop reports, but this solution will reportedly be retired at some point in 2025. SAP is also planning a 2025 sunsetting date for the Tables feature which helped companies develop list reports.
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As organizations look to adopt analytics capabilities throughout their essential workflows to replace these sunsetting solutions, AspireHR hosted a recent webinar highlighting the new tools within SAP SuccessFactors and how companies can best use them.
SAP SuccessFactors now has Report Stories, its latest operational reporting solution. Report Stories is built on the SAP Analytics Cloud framework and offers companies comprehensive reporting that they can use to track performance and goals in HR functions like onboarding. Designed to replace all historical operational reporting tools, Report Stories provides scaled operational reporting to allow different roles to explore the data that is unique to them.
SAP SuccessFactors users can also access the new Workforce Analytics offering. It provides dashboards that help companies track key metrics like turnover, headcount, and hiring. All in all, the feature has over 2,000 predefined metrics for HR, as well as guidance on how to interpret it. This information allows business leaders to better understand their company and drive it forward with actionable insights.
Making the Most of New Capabilities
When looking to implement new SAP SuccessFactors services, organizations can sometimes struggle to implement or optimize these deployments on their own. This is why many businesses turn to partners like AspireHR.
Organizations can make the most of advanced analytics features in SAP SuccessFactors when they are able to leverage the customization and integration that an implementation partner can provide. Additionally, these capabilities can sometimes be challenging to adopt for users without necessary skills. AspireHR can help train employees on these features while also providing continuous technical support, system updates, and performance optimization.
What This Means for SAPinsiders
Companies should aim to run every area of their business more intelligently. Analytics are playing an increasingly large role in nearly every aspect of a modern day SAP organizations. However, they are being distributed unevenly. Even though a majority (53%) of finance teams use advanced analytics, that figure is just 16% for SuccessFactors users. Deploying analytics can help companies optimize their teams and drive innovation.
Experienced partners can help optimize investments. While tools like analytics are exciting, they are not always implemented and used in a way that drives value. Companies looking to invest in their HR teams should ensure that they get the most out of SuccessFactors by working with a partner like AspireHR. It has shows the ability to reduce implementation timelines by up to 40% and continues to support teams even after their deployments.
When changes are coming, be proactive. Though the older SAP SuccessFactors tools are still operational, companies would be wise to begin leveraging the newer capabilities before the older reporting solutions are sunset. Being proactive ahead of announced changes gives HR teams more time to get familiar with new offerings. It also avoids a last-minute scramble before older solutions reach their end of life.
