There is a new Payment Information portlet available for Employee Central customers.
To offer some background, below is an explanation of what the the Payment Information portlet does.
We know that Employee Central is the HRIS cloud solution for SAP. Now, without going into much detail, a critical component of any HRIS system is to handle all aspects (or the reasonable majority) of employee data; one of these being employee payment information.
This portlet handles information such as bank details (account number, routing number, etc), payment method, deposit type, etc.
Although there is an existing (standard) Payment Information portlet that the majority of companies using Employee Central use, this old one (standard) misses, what in my opinion is critical functionality:
- Effective Dated
- Business Rules
- Employment Specific
- OData API
With the new Payment Information, you are allowed to take advantage of the effective dated functionality. This can be very useful for example in the case of a global assignment. If the employee knows that he/she will be moving to another country, and knows the new bank information, this would allow a seamless transition.
Also, it can be integrated with your payroll system, it is supported by role based permission (RBP), you can create business rules around the objects that composes the portlet, and it can be employment specific. If you have any further questions on this functionality, or any other topics, please do not hesitate to contact us!
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