Timken Collaborates with Accenture and SAP to Drive Global Workforce Efficiency and Productivity

June 4th, 2014 by blogadmin Leave a reply »

To drive efficiency and improve productivity across its global workforce, the Timken Company has decided to move its human resources (HR) system into the cloud. The new system, implemented by Accenture, is based on HR cloud solutions from SuccessFactors which is a SAP company. With its implementation Timken will be able to manage its workforce with a single set of global processes and clear global governance at a significantly lower operating and maintenance cost.

The Timken is an international industrial technology leader which is known to apply its deep knowledge of materials, friction management and power transmission to improve the reliability and efficiency of industrial machinery and equipment globally. It is into designing, manufacturing and marketing mechanical components and high-performance steel to diversified markets internationally. The company has recognized the need to more effectively manage its global workforce of nearly 19,000 associates across 28 countries and at the same time increase productivity by lowering the total cost of ownership of its HR systems. It wants to provide its HR department with a complete, end-to-end solution which will bring together employee and company data, offer integrated reporting capabilities and also provide advanced analytics for better business insight.

Key HR processes at Timken will run on SuccessFactors cloud solutions whereby taking advantage of their scalability and ease of use. As a result, from Jaunary 2014, all of the company’s 10,000 U.S. associates and 13,000 U.S. pensioners began receiving their pay through the SuccessFactors Employee Central Payroll solution. Accuracy of compensation data was increased by integrating the new system with the SAP ERP Financials solution.

As part of the collaboration, Accenture and SAP have also developed interfaces for vendors of time management and benefits solutions. These interfaces will help in reducing the time, effort and budgets required for future implementations of HR cloud solutions from SAP and SuccessFactors.

Courtesy : http://www.news-sap.com/timken-drives-global-workforce-efficiency-productivity-accenture-sap/

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