The way that businesses run is changing dramatically throughout the world. Customers desire quick, convenient, personalized goods and services and have high expectations. Employees demand more, look for jobs that match their values & provide flexible scheduling alternatives and the newest technology.
Retail, financial, and healthcare organizations are redefining what works best for their business strategies, technologies, and business models. HR is no different. To provide a solution, your team needs to have a clear view of your staff, so you can also expand, engage, and retain your talents.
For some businesses, this might mean transferring on-site systems to the cloud; for other users, it could suggest switching to a single, integrated cloud solution. HCM solutions are used by many businesses in a variety of industrial sectors to alter their payroll, HR, and labor management.
To align strategies and enhance HR’s role across businesses to be future-ready, proactive business leaders rely on the cloud. 72% of firms either have their main HR systems in the cloud or are in the process of moving them, according to a recent PwC poll on technology.
But first, let’s try to understand why these businesses chose to deploy Oracle HCM Cloud.
Ten Reasons to Migrate to Oracle HCM Cloud:
Customers who use Oracle Fusion Cloud Human Capital Management can streamline their formerly complex procedures across numerous industries and geographical locations. But what more is there?
The top 10 factors that influence a company’s decision to use Oracle Fusion Cloud HCM are listed below:
1. Customized User Experience:
Employees want to feel supported by their company no matter where, when, or how they work, and they demand personalized experiences from the work technology they use.
Today, giving employees a customized user experience is essential, and many HR departments are working toward this goal as they assess their technologies. Oracle Cloud HCM provides the only full employee experience platform that enables your people to connect, develop, and flourish.
Oracle ME combines employee communications, workflows, listening, networking, and support on an open platform to offer individualized assistance and forge real connections. It gives each employee a special experience using information about your employees.
2. More Flexibility:
When new crises occur, HR needs an agile solution that can swiftly adapt. Customers appreciate Oracle Cloud HCM’s ability to adapt to changing environments, rules, and business practices. They can set up procedures with minimal to no IT participation, simulate workforce changes using salary data, and quickly configure their organizational chart.
Embedded analytics give a customized dashboard the total visibility they require to rapidly make decisions that are advantageous to your firm. Additionally, clients are extending the system to suit their business requirements by leveraging Oracle Platform as a Service.
3. A Complete HCM Cloud:
Organizations who want to manage the entire employee lifecycle chose Oracle Cloud HCM since it’s the complete HR cloud solution on the market. It integrated every HR procedure from hire to retirement and was created as a single cloud solution for all HR capabilities. It gives your HR department and employees a consistent experience and creates a single source of truth for HR data to aid decision-making.
4. Enhanced business value:
Oracle customers use our HCM cloud application to generate corporate value by increasing user adoption and engagement, streamlining workflows, boosting output, and reducing the total cost of ownership.
Arizona Federal Credit Union is one such, which adopted Oracle Cloud HCM and now saves 60 hours of work per month while increasing productivity. To find and target the best-fit individuals, Co-op, a grocery store, adopted Oracle Cloud HCM.
As a result, Co-op currently has an offer acceptance rate of 98 percent. These achievements demonstrate the value of working with Oracle as you build a business case for Oracle Cloud HCM.
5. Innovation at Every Step:
Oracle Cloud HCM is the most comprehensive HR cloud solution available, making it the choice of organizations that want to manage the whole employee lifecycle. It integrated every HR procedure from hire to retirement and was created as a single cloud solution for all HR capabilities.
It gives your HR department and employees a consistent experience and creates a single source of truth for HR data to aid decision-making. The technologies facilitate work by offering training opportunities, potential jobs, and company relationships based on employees’ actions and interests.
6. A Complete Enterprise Solution:
The fact that Oracle built our software-as-a-service (SaaS) apps directly on their cloud platform and infrastructure is one of the numerous aspects that set them apart from other vendors. You may boost data security and gain unhindered insight across your organization by combining applications and data on a single platform.
You can utilize customizable dashboards to control labor expenses and stimulate growth by integrating HR, finance, supply chain, sales, and marketing departments. Oracle provides a single cloud to unify your organization, increasing business agility and enabling quicker responses to customer demands.
7. Data Security & Privacy:
Making sure that employee data is only accessible for the intended purposes is essential as businesses transition to more scattered workforces. Organizations with stringent security requirements worldwide rely on Oracle because it has a strong security culture.
Likewise, Oracle Advanced HCM Controls continuously and automatically tracks user access and activity to maintain the security of HR data.
8. Ensured Customer Success:
Oracle collaborates with customers to ensure the project’s success at every stage of the journey to the cloud. Oracle customers can access success planning tools, an implementation success manager, and on-demand training. Oracle also provides 24/7 customer assistance in 145 countries to help customers get the most out of their investments.
9. Housing a Vibrant HR Community:
Access to Oracle Cloud Customer Connect, an active online community of more than 40,000 HCM users, is available to Oracle customers. You can access daily active forums in an online community where you can discuss best practices, solve problems, and advance your HR career.
10. Extensive Capabilities:
The majority of businesses today operate on both a local and global scale. Therefore, Oracle customers like that Oracle Cloud HCM is built to accommodate needs across more than 200 jurisdictions and 27 languages.
Additionally, Oracle provides IGOs and NGOs with Oracle Payroll Core, a customizable solution. With its strategic partners, Oracle makes it possible to pay employees in more than 150 different countries.
Final Words:
The human resources team’s responsibilities and human capital management (HCM) function in an organization have developed significantly to become strategic assets, oversee the organization’s workforce mobility, pinpoint critical knowledge gaps and areas of strength, and improve the employee experience to boost retention.
This trend has been continued by Oracle HCM Cloud, which helps speed up the team’s goals for enterprise HCM. Business units and organizations both undergo ongoing change. Our range of HCM solutions addresses everything from luring potential applicants to improving workflow.
Doyensys offers a wide selection of Oracle HCM Cloud services to assist clients in achieving operational efficiency. These services can help clients make educated decisions, improve employee experiences, and streamline business operations. Get in touch with Doyensys!
