Leading Financial Institution Streamlines HR with SAP SuccessFactors
A leading financial institution with tens of thousands of employees and millions of clients needed to modernize its HR systems to support growth and improve efficiency. Outdated processes and fragmented systems were slowing down operations and creating compliance risks.
The Challenge
The organization managed vacation time manually in spreadsheets, relied on a 20-year-old time and attendance system, and operated four separate payroll instances with no integration. These inefficiencies resulted in delays, errors, and increased operational costs.
Project Goals
As part of its move to a cloud-based human capital management (HCM) system, the institution aimed to:
- Automate HR processes
- Consolidate payroll and time management systems
- Provide self-service capabilities for employees
The Solution
The organization implemented SAP SuccessFactors® Employee Central Payroll and Workforce Software for time management, with Rizing as its trusted partner. Rizing’s expertise ensured a smooth implementation and integration of complex systems.
Business Outcome
The transformation delivered measurable benefits:
- Processed 1,500 paid time-off requests without manual entry on day one
- Automated vacation approvals
- Enabled employee self-service for vacation balances and pay stubs
- Consolidated payroll into a centralized, integrated system
- Freed up 5% of management time through automation
- Saved $4 million annually in HR staffing and operational costs
- Established a single source of truth for payroll and time data
