SAP SuccessFactors Introduction - Sap Successfactors

What is SuccessFactors?

SuccessFactors is a SAP product suite to provide cloud based solution to manage business alignment, people performance, recruitment, and employee central and learning activities for all sizes of organizations in more than 60 industries. SuccessFactors is a cloud based HCM solution company which was acquired by SAP and developed on Software as a Service (SaaS) model.

What are the key features of SAP SuccessFactors?

  • Recruitment
  • HR Transactions
  • Changes and Transfers
  • Position Management
  • Time Off
  • Payroll Time Sheets
  • Reporting, Compliance and Auditing
  • Integration & Extensibility
  • Learning and development

What is SaaS?

SAP SuccessFactors is a cloud based HCM solution designed on Software as a Service (SaaS) cloud model. It is also known as On-demand software solution where software is licensed on a subscription basis and is centrally hosted.
SaaS is widely used today as a delivery model for many business applications, including office and messaging software, payroll processing software, DBMS software, management software, CAD software, development software, gamification, virtualization, accounting, collaboration, customer relationship management (CRM), management information systems (MIS), enterprise resource planning (ERP), invoicing, human resource management (HRM), talent acquisition management and other software and infrastructure services.
  • Hosted on a remote cloud, software and application data, SaaS can be accessed on demand from any location using secured login credentials.
  • Multitenant that allows many instances of the software to be accessed and are on the same application version.
  • Users have an option to select features and functionality to use in the standard solution and in the regular releases that are introduced by the vendor.
  • SaaS Solution is based on multitenant architecture where a single configuration is applied for all the tenants or customers. To provide scalability, you install application on multiple machines.
Below is the the homepage of SAP SuccessFactors. There is a search option at the top where you can perform any active search. Also the To-Dos tab helps to quickly access daily tasks and a help & tutorial tab that you can use to seek any help related to SuccessFactors.
homepage

What are the benefits of Cloud Solutions?

benefits

Cost Effective

  • Capital Expenditure − Capital Expenditure is involved in IT infrastructure for on premise solution. Cost of IT infrastructure is very high. Example: Servers, interfaces, network devices, etc.
  • Operational Expenditure − In a Cloud solution, you do not need capital expenditure, so it saves huge money to procure hardware platform. In a Cloud environment, hardware is shared and procured by Cloud service provider and the company has to bear only operational costs like users and maintenance of tenant.

Ownership

  • Company Owned − An on-premise solution is owned by a company.
  • Subscription − In cloud environment, you have to subscribe to a cloud vendor.

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