What is continuous payroll in SAP LOD-SF-NGP - SAP SuccessFactors Next Generation Payroll?

SAP Term: continuous payroll

• Component: LOD-SF-NGP

• Component Name: SAP SuccessFactors Next Generation Payroll

• Description: A payroll where the results are constantly updated by the system. This means that payroll results are always up-to-date, because they are updated after each relevant change in the system, such as a change to employee master data.

Smart SAP Assistant

• Key Concepts: 
  Continuous payroll is a feature of SAP SuccessFactors Next Generation Payroll (LOD-SF-NGP) that allows for the automatic processing of payrolls on a regular basis. This means that payrolls can be processed more quickly and accurately, with less manual intervention. It also allows for more flexibility in terms of when payrolls are processed, as well as the ability to process multiple payrolls at once.
  
  How to use it: 
  Continuous payroll can be enabled in the SAP SuccessFactors Next Generation Payroll system by setting up a schedule for when payrolls should be processed. This schedule can be set up to run on a daily, weekly, or monthly basis, depending on the needs of the organization. Once the schedule is set up, the system will automatically process payrolls according to the schedule.
  
  Tips & Tricks: 
  When setting up a continuous payroll schedule, it is important to ensure that all necessary information is included in the setup. This includes employee information, pay rates, deductions, and any other relevant information that needs to be included in the payroll processing. Additionally, it is important to ensure that all employees are aware of when their payroll will be processed so that they can plan accordingly.
  
  Related Information: 
  For more information about continuous payroll and how to set it up in SAP SuccessFactors Next Generation Payroll, please refer to the official documentation provided by SAP. Additionally, there are many online resources available that provide helpful tips and tricks for setting up and managing continuous payrolls.