Privacy has become a prime concern for US and global companies—especially among those that do business in Europe. The EU started enforcing the General Data Protection Regulation (GDPR) on May 25th. This is a landmark privacy law that aims to protect the rights of EU residents and standardize rules governing the use of personal data across the 28-member block. Any organization that collects or processes personal information of an EU individual is subject to the GDPR, even if the business does not operate in Europe.
SAP has enhanced its SAP SuccessFactors HCM Suite to address the technical features necessary to protect personal data of employees, job candidates and external partners. SAP’s HCM solution can handle new processes for data access, use and reporting, localized for compliance in a multinational environment.
"Businesses that see the GDPR as purely a costly compliance matter are missing the wider, strategic point: this is a catalyst for a fundamental shift in the digital economy. Respecting the privacy of people is good for business and it aligns directly with our mission at SAP to improve people’s lives. Our solutions help you protect personal data and privacy throughout your organization, so you can focus on taking care of customers and prospects, engaging employees and suppliers, and growing your business—all while meeting GDPR requirements"
Principal, PwC US