Any enterprise organization looking for a human capital management (HCM) solution should compare Workday vs. SAP SuccessFactors. These vendors are titans of the cloud-based HCM space. And given the mission-critical tasks you’ll need such a system to perform, you shouldn’t skimp when it comes to researching an HCM purchase. We provide this in-depth comparison to help you make a more informed decision about whether or not Workday or SuccessFactors is right for you, but there’s an easier way.
If you’d rather speed up your research process without forgoing quality of research, we’re here to help. Use our Product Selection Tool to receive five personalized HCM software recommendations, delivered straight to your inbox. It’s free to use our tool, and it takes less than five minutes to get your vendor shortlist. Get started by clicking the banner below. For more info Workday training
What is Workday?
Workday is a cloud-based ERP software provider that describes itself as a “…single system for finance, HR, and planning.” A software-as-a-service (SaaS) pioneer, Workday was built by the same brains behind what is now Oracle PeopleSoft. It works best for medium and large enterprises. Workday offers many different products, but for the sake of this article, we’ll focus exclusively on its HCM solution, which performs functions like human resource management (HRM), reporting and analytics, talent management, compliance, payroll management, and learning and development. Workday is a publicly-traded company and is trusted by major brands such as National Geographic, Netflix, and AirBnB.Get Pricing
What is SAP SuccessFactors?
From the massive ERP software company SAP comes SuccessFactors, a cloud-based HCM solution for organizations of all sizes. SuccessFactors is one of Workday’s top competitors, and it works well for companies with a global presence. Inside the system, you’ll find many of the same features offered by similar products in the HCM space: a human resources information system (HRIS), time and attendance, recruiting and onboarding, learning and development, and workforce planning and analytics. Organizations from around the world trust SuccessFactors as their HCM, from the San Francisco 49ers in the United States to Jaguar Land Rover in the United Kingdom.Get Pricing
Human resource management (HRM)
At the heart of any HCM system is an HRIS that performs basic functions like managing benefits, time-off, compensation, and org charts. Both Workday and SuccessFactors include an HRIS, but they function a little bit differently for each vendor.
Workday
Workday presents users with a dashboard view when they access the system’s HRIS tool. Here, you can see quick stats such as new hire turnover rate, headcount by country, and employer cost by country. Workday’s HRIS includes task management tools for HR professionals, workflow management, and simple org charts for visualizing the company’s hierarchical structure.
For employees, there’s a self-service portal for submitting time-off requests, logging sick days, and updating contact and banking information, among other functions. Overall, this HRIS is intuitive and easy to use while still giving HR pros access to powerful insights about better managing talent. Learn more skills from Workday integration training
SuccessFactors
SAP SuccessFactors also features an employee self-service portal for submitting time-off requests and updating personal information. This portal can be accessed through SuccessFactors’ web-based app or through its mobile apps for iOS and Android.
HR pros using SuccessFactors can view and edit company org charts, ensure legal compliance with automatically updated local and global regulations, administer benefits around the world, and customize dashboard views to get a quick overview of your company’s operations. The system also allows for task management, compensation management, and rewards and recognition.
Payroll management
Accessing the payroll feature in Workday takes you to a dashboard overview of all your payroll processes. Here you can view stats like headcount by pay group, payroll taxes by month, and more. Workday bills itself as a global solution, and while you can process international payroll, it’s currently limited to four countries at the time of publishing: the United States, Canada, the United Kingdom, and France. If you need to run payroll in any other countries, you can integrate Workday with your third-party payroll provider to generate payroll reports in Workday.
If you need to run payroll in more countries than those Workday supports, SuccessFactors might be a better fit for you. SuccessFactors lets you run payroll in over 40 countries, and it stays up-to-date on local payroll processes and regulations. You can view payroll analysis in real time with reports like total employer taxes, total net and gross comparisons of payroll by period, and total employee taxes. Alerting is another useful feature that notifies you of payroll issues or anomalies.
Compliance
Workday helps to keep you compliant around the world by letting you set location, date, time, and privacy preferences unique to each location where you do business. The software encrypts your data and automatically translates apps and data into 35 languages, and you can control the level of visibility other employees have into the system based on their geographic location. For regulatory updates, Workday offers a global library of regulations for you to review, and the system automatically notifies you of new legislation that might affect your business.
SAP SuccessFactors also supports global compliance through time zones, date formats, currencies, and custom fields by geographic location. The system lets you collect all the necessary employment information from new hires depending on local regulations and local best business practices, and the software even displays information differently based on local customs to make employees feel at home. For translation of apps and data, SuccessFactors works with over 40 languages and various dialects. For new regulations, SuccessFactors keeps track of legal changes and notifies you accordingly.
To get in-depth knowledge, enroll for a live free demo on Workday Online Training
MongoDB Programming 