SAP Time Management, its Features and Advantages
SAP Time Management
SAP ERP Solutions have been serving as a solution for data management and processes in enterprises for years and the recent years have witnessed huge increase in this trend. An enterprise is comprised of different processes including HR management, finance management, sales management, admin management, payroll management and so on. It is very important to track the databases of each process at an enterprise level. To fulfill this requirement, SAP developed various software solutions serving diverse purposes. SAP ERP system initially was developed focusing on inventory management; however they gradually expanded and build up solutions around different processes to cope up with diverse data management requirements in organizations. SAP HCM, SAP FICO, SAP SD and more are some of the most popularly used SAP modules for human resource management, financial accounting and controlling and sales and distribution respectively. SAP modules are designed to integrate diverse external and internal data of an enterprise in a single unified system. There are different departments such as finance, HR, sales, manufacturing etc., and each department beholds good amount of data at the department levels. SAP provides modules to manage these data and processes at a process level and also at an enterprise level.
SAP Time Management is a module under SAP Human Capital Management (HCM). SAP Time Management is extensively used by the human resources and admin departments in enterprises for better time tracking and management across departments. Time recording is one of the crucial requirements for every organization because along with work the amount of time invested is also important. As an example: Employee X completed a project, maintaining the quality in 1 week and Employee Y completed the same project with standard quality in 5 days. Therefore, Y performed better in that project. Another example can be cited of log in and log out details. If there is no time recording system in place for employees, there can be various instances where people might take advantage of the same. Most of the companies manage an 8-9 hours of working schedule per day for employees and following it is a mandate for all the employees. A tracking recording system in place helps you to record the timings for employees based on which other related tasks like compensation, payroll, incentives, OTs etc., are calculated. Let’s have a look at some of the tasks that are managed by SAP Time Management.
Features of SAP Time Management
- Monitors Human Costs
- Documents Progress of Process
- Process of Invoices
- Records External Employees’ Services
- Confirms Service Management Orders
- Maintains Planning and Progress
- Collects Data Plans and Sheets
These are some of the most important features of SAP Time Management. As it manages the time invested by an employee on a particular project, it can monitor human costs and the status of profit or loss for the organization. Secondly, it tracks the progress of a process through a unified system so that all the stakeholders are aware of the project status. SAP Time Management improves the invoicing process by tracking the status of invoice submission, process and completion. This system also helps the organization to track the invested time and service from external employees. It enables to track the time span for managing a service order towards completing it. Further, it extracts the data that can be used for maintaining the planning and process of a project and reporting the same. Thus, SAP Time Management works effectively in handling multiple tasks across diverse projects.
Advantages of SAP Time Management
- Focus on employees and tasks
- Focus on users and tasks
- Effective time recording across processes
- Records incentives, compensation, appraisal terms and so on
- Tracks each change in a project
- Updates regular reports
- Simplifies analysis and reporting
- Tracks employee and project performance
These are some of the most striking benefits of SAP Time Management. These benefits help an organization, especially the human resource department to handle and manage work processes and employees in a definite manner. Master the skill of employee management by enrolling yourself into a training program on SAP HCM certification. There are few disadvantages as well of SAP Time Management such as that it can at times be costly for small businesses; customization can be complex for businesses having multiple departments and might end up with extra investment. To cope up with these disadvantages, professionals should be well trained in handling SAP systems. Therefore, SAP training is widely advised by experts to professionals towards managing SAP system for better data and work management in enterprises.
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