What is Oracle Fusion Cloud HCM?
The Oracle HCM cloud service is a full-featured human capital management solution that is offered as a software-as-as-service (SaaS) cloud application. As a key component of Oracle Fusion, the HCM Cloud solution integrates with other Oracle cloud solutions.
Human capital management (HCM), a fancy new term for “human resource management” or “talent management,” was once (and in some companies still is) performed in large part using paper documents stored in filing cabinets. Until recently, your “personnel file” lived in a manila folder.
Aside from the cumbersome and time-consuming business processes and high costs for storage and retrieval of paper documents, this traditional approach to workforce management does not integrate well with other, digital business systems.
Thus, although numerous HCM applications exist, many do not easily integrate with, for example, a company’s enterprise resource planning (ERP) system. As a result, useful features and functionality are not available or are difficult to implement.
Oracle Fusion Cloud HCM aims to change all that.
Reasons to Move HCM to Oracle Fusion Cloud HCM
Why would you want to migrate your core HR functions from your current HCM solution to Oracle Fusion Cloud HCM? The key is ease of integration. Let’s take a common example:
In many manufacturing companies, resource scheduling involves both machinery and labor. By integrating your HR talent data with your ERP system, resource planning can account for factors such as:
- Training: Do the people scheduled for a task have up-to-date training on that task?
- Vacations: Has a key resource (or many key resources) scheduled vacation time? Do you need to bring in temps to cover for them?
- Cost accounting: What is the actual labor cost for manufacturing a given product? Could the cost be reduced by assigning lower-cost resources to do the work?
Similar advantages can be realized in other industries and business processes, such as supply chain management.
Another important advantage of Oracle Fusion Cloud HCM is the consistent experience for employees across different devices. The Oracle Fusion HCM Cloud app features a mobile responsive design that works the same on both traditional computers and mobile devices, enabling intuitive employee self-service in the office, at home, or on the go.
Key Considerations for Planning the Move
Both technical and strategic considerations are involved in planning a move to Oracle Fusion Cloud HCM. Review the following ideas:
- Oracle Cloud HCM modules: Oracle Fusion offers several HCM cloud modules, not all of which are needed by all businesses. Have a look at the available options and decide what your business needs.
- Oracle Cloud HCM security: HR data includes employee personal information subject to strict data privacy regulations. Oracle HCM was built from the ground up with security in mind, so you can rest assured that your employee data is safe.
- Data quality: When migrating your HR data from one system to another, the data should be clean. It’s a worthwhile exercise to go through your HR data and eliminate or correct bad data.
Of course, cost is also an important consideration when considering a new HCM solution. Oracle Fusion Cloud HCM pricing is highly competitive with other solutions and provides enhanced value for the reasons discussed above.
Getting Help for Your Oracle Cloud HCM Move
Moving to Oracle Cloud HCM (or any HCM product) is not a do-it-yourself project. You are best served by engaging with a competent implementation partner who can guide you to the right solution, plan your migration, and support your users.
As a longtime Oracle partner, NexInfo has the expertise and skills to evaluate your HCM needs, recommend a solution, and help prepare and execute the move. Further, the consulting team can help you integrate your Oracle Fusion Cloud HCM solution with other Oracle products to achieve maximum value for your investment.
If you are considering a move to a cloud-based HCM solution, give NexInfo a call today to learn more about our services to help you on your journey.