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Yes, there are pitfalls in implanting HR before FI/CO if your enterprise structures are not well defined. Keep in mind the enterprise structure (company codes/legal entities). Define your company and how it should be structure legally from the FI/CO side. However, in the world of HR, pending how your legal entities are structured, this will have an impact on synchronization perspective from the integration side in posting and tax filing.
Items to keep in mind if HR module is to be implemented prior to FI/CO:
1. Third party remittance
2. Integration points between FI/CO & HR, how should we post and clear GL accounts for month end, and year end?
3. Tax filing
4. Merger and acquisitions, what does your legal entities look like in the HR world vs FI/CO?
5. Budgeting for headcount and fiscal year forecast planning, for this will involve cost accounting
6. Analytic, your reporting may be affected
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