National Bank Streamlines HR with SAP SuccessFactors

The National Bank of Canada is the sixth largest commercial bank in the country, headquartered in Montreal. With approximately 29,000 employees and 2.4 million personal clients, it’s the largest bank in Quebec.

Business Challenge

National Bank was managing vacation time manually in Excel spreadsheets, an inefficient process. Its time and attendance system was over 20 years old with no ability to update it. Four different payroll instances operated separately with no integration.

Project Goals

As part of moving the company human capital management (HCM) system into the cloud, National Bank aimed to automate HR processes, consolidate systems, and provide self-service capabilities for employees.

Solution

National Bank implemented SAP SuccessFactors® Employee Central Payroll and Workforce Software for time management, assisted by Rizing.

Rizing’s expertise helped National Bank navigate the complex software implementation and integration.

End Result

As a result of this project, National Bank:

  • Handled 1500 paid time off requests without manual entry on the first day.
  • Automated vacation approvals.
  • Provides employees with self-service access to vacation balances and pay stubs.
  • Consolidated payroll into a centralized system integrated with time management.
  • Estimates 5% of management time is freed up by automating HR tasks.
  • Saves $4 million annually in HR staffing and operational costs using the SuccessFactors suite.
  • Enjoys a single source of truth for payroll and time.
  • Is positioned for continued growth and efficiency gains.

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