HR executives understand more than most the importance of protecting personal data. Often responsible for tens of thousands of employee records and communicating across multiple geographic boundaries, privacy and data security is the foundation of successful human capital management.
The penalties for non-compliance are severe— up to 4 percent of annual global turnover or US$23 million (20 million Euro) whichever is greater. But help is at hand. HR leaders can address many of the stringent demands imposed by the General Data Protection Regulation (GDPR) by using software solutions that already have the appropriate functionality included.
Alongside issues of regulatory compliance, human capital management departments are looking to boost productivity and high performance in their HR, talent and payroll functions. Accenture has developed extensions on the SAP Cloud Platform for SAP SuccessFactors. The solutions offer extensive customization and integration and help organizations to comply with the new regulations.