SAP Africa today announced that Sanlam Life, a division of the Sanlam Group has advanced the strategic management of its workforce with 5 200 employees successfully "going live" on the mySAP Human Resources Management (mySAP HR) system.
Sanlam Life, provider of a comprehensive financial product range, has implemented the mySAP HR to create an integrated HR information solution that contributes to its overall operational efficiency as well as to bring about a flexible environment for the servicing of a diverse workforce. The implementation took 11 months to complete and is expected to reduce operational costs substantially.
According to Stoffel Franck, programme director of the implementation project, HR-related information is now available to employees via their desktop or information stations. "Up-to-date human resources information that includes skills profiles, assessment, and training as well as financial data such as salary, bank information, and tax withholding can be accessed and managed by employees. Employees can even annually restructure elements of their salary packages by themselves with immediate effect," said Franck.
From an operational perspective the company is expecting to see a significant decrease in time spent on administration within its HR department. "Our HR practitioners have now been freed up so that they can concentrate on adding value through strategic human capital management rather than spending hours on administration tasks," adds Franck.
The new systems' online facility is made possible through the Web-enabled SAP Employee Self-Service (SAP ESS) solution that empowers employees to view, create, and maintain information relating to their jobs. With the introduction of Web-based solutions, Sanlam Life further expects to increase the overall level of computer literacy within the organisation.
Sanlam Life chose to implement mySAP HR, after its technical team visited 14 companies to observe live SAP HR implementations. "SAP Africa made it possible for us to view tangible proof of its competency to deliver world-class HR functionalities. Our decision was further based on the fact that SAP Africa has a local support base, superior to other market players, as well as an active user group for best practice knowledge sharing."
"The Sanlam Group is at the forefront of financial services institutions leveraging technology for increased operational process improvement. We are proud that SAP solutions will enhance Sanlam Life's ability to manage a people centric business," said Philip Booth, general manager for HR solutions at SAP Africa.
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Sanlam, established in 1918, is one of SA's oldest financial services groups. It demutualised and listed in 1998 as a holding company, Sanlam Limited and independent businesses. Sanlam Life looks after individual life business and personal finance as well as employee benefits. Sanlam Investment Management is SA's second largest investment manager measured by assets under management and Gensec bank provides investment banking solutions for the savings industry, public sector enterprises and corporates, Innofin is joint venture with Macquarie Bank of Australia and targets high net worth individuals. Sanlam also has a 59.5% stake in Santam, the largest short-term insurer in SA and a 23% stake in Absa, one of the largest commercial banks in the country.
For more information about the SAP HR implementation, please contact:
Anneke Human 021 947 3142 anneke.human@sanlam.co.za
SAP
SAP is the world's leading provider of e-business software solutions. Through the mySAP.com e-business platform, people in businesses around the globe are improving relationships with customers and partners, streamlining operations, and achieving significant efficiencies throughout their supply chains. Today, more than 17 000 companies in over 120 countries run more than 44 500 installations of SAP software. With subsidiaries in over 50 countries, the company is listed on several exchanges including the Frankfurt stock exchange and NYSE under the symbol "SAP." (Additional information at http://www.sap.com
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