Explore the Latest Innovations in Oracle HCM Cloud

AUGUST 01, 2022 04:00 AM

Oracle HCM Cloud- Latest Innovation and Benefits

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Today's companies are thinking ahead to engage their employees and deliver experiences that create value for the organization. Many HR organizations need a new strategy to support workplace employees and have the flexibility to respond to ever-changing needs.

In this regard, many companies are heading towards Oracle Human Capital Management (HCM) Cloud technology as their workforces become more dynamic and social.

What is new in Oracle HCM Cloud, and why are customers adopting it?

Oracle consistently focuses on product innovation, releasing new quarterly updates with enhanced features to enable users to work efficiently and effectively. Here are a few new features that are grabbing customer attention:

Newsfeed-style homepage display
Personalized dashboards
Autonomous workflows
Easy-to-use user interfaces
Harmonious integrations & configurations
Security & privacy-focused database

The key to successfully utilizing an intelligent application is being fully aware of its capabilities to reap its benefits. With Oracle HCM Cloud's latest features, organizations can design modern, employee-centered solutions within a single platform by leveraging seamless artificial intelligence, advanced analytics, and more to deliver optimal results.

62% Improvement in reporting productivity
29% Reduction in legacy system costs
11% Improved workforce efficiency

Oracle Cloud HCM - A Complete HCM Cloud Solution

Ready to learn more about the newly released/updated Oracle HCM Cloud modules specifically designed to drive your workforce productivity? Let's review below:

Oracle Digital Assistant - To review and complete HR tasks quickly
Oracle Journeys - To deliver personalized guidance for professional and personal workflows
Oracle Dynamic Skills - To access personalized skill recommendations
Oracle HCM Communicate - To leverage email templates to guide and support employees
Oracle Touchpoints - To strengthen the employee-manager relationship
Oracle HCM Analytics - To analyze key workforce metrics to improve decision-making and communications
Oracle Strategic Workforce Planning - To plan your workforce needs by analyzing trends and forecasts
Oracle Recruiting - To recruit smarter using AI for the best candidate matching
Oracle Human Resources - To quickly complete complex tasks with self-driving HR services
Oracle HR Help Desk - To resolve inquiries faster with an AI-enabled knowledge base
Oracle Compensation - To model, budget, and allocate compensation fairly
Oracle Benefits - To easily enroll in benefits and know the cost of your benefits
Oracle Performance Management - To check in with your employees to provide continuous performance management
Oracle Opportunity Marketplace - To provide compelling career mobility and learning opportunities
Oracle Career Development - To advance your career with AI-enabled job recommendations
Oracle Learning - To effortlessly manage your learning based on AI-enabled recommendations
Oracle Succession Planning - To review high-potential talent for future succession
Oracle Work Life - To find a mentor through targeted recommendations
Oracle Health and Safety - To promote a culture of health and safety
Oracle Time and Labor, and Absence Management - To easily log time and request absences from your mobile device
Oracle Payroll - To view your pay slips and pay details on your phone
Oracle Experience Design Studio - To personalize the employee experience with no coding required
Oracle Advanced HCM Controls - To keep data safe and efficiently provide access controls

As you can see, Oracle's continuously innovated cloud solution simplifies HR processes by guiding employees through analytics-based tasks that enable them to develop the necessary skills and knowledge to answer any complex question that may arise - learn more here.

FAQs

What is Oracle HCM Cloud, and why are companies adopting it?
Oracle HCM Cloud is a Human Capital Management technology that provides a comprehensive suite of tools to manage and support employees. Companies adopt it because it helps them engage their employees, deliver valuable experiences, and respond flexibly to changing workforce needs. It focuses on modern, employee-centered solutions leveraging AI and advanced analytics.
What are some of the key benefits of using Oracle HCM Cloud?
The key benefits include improved reporting productivity, reduced costs associated with legacy systems, and enhanced workforce efficiency. According to the source, organizations have seen a 62% improvement in reporting productivity, a 29% reduction in legacy system costs, and an 11% improvement in workforce efficiency.
What are some of the new features in Oracle HCM Cloud that are attracting customer attention?
New features that attract customers include:

Newsfeed-style homepage displays
Personalized dashboards
Autonomous workflows
Easy-to-use user interfaces
Seamless integrations and configurations
Security- and privacy-focused database.

What role does AI play within Oracle HCM Cloud?
AI is leveraged throughout Oracle HCM Cloud to improve various HR processes. Examples include AI-enabled job recommendations within Career Development, skill recommendations within Dynamic Skills, and AI-powered knowledge bases in the HR Help Desk. Recruiting also utilizes AI to match candidates more effectively.
How can a company ensure a successful Oracle HCM Cloud implementation?
While Oracle HCM Cloud offers numerous benefits, technology alone cannot achieve these on its own. Teaming up with an Oracle solutions partner, such as SMACT Works, is crucial. These partners can assess a company's needs and create organizational efficiencies through cloud advisory and consulting services.

Conclusion

Many companies are migrating to Oracle Human Capital Management (HCM) Cloud because it offers numerous benefits. However, these cannot be achieved solely with technology.

If you, too, want the best cloud solutions for your business, it's time to team up with an Oracle solutions partner. Whether you've already implemented Oracle Cloud and are looking for database-managed services or need assistance developing your cloud migration strategy, Oracle Cloud advisory and consulting services can help. When you hire cloud experts, they can assess your company's needs in a detailed way and create efficiencies across the organization.

Are you ready to transform your workforce management and elevate your HR processes with Oracle HCM Cloud? Don't miss the opportunity to enhance employee engagement and drive productivity! Contact us today to learn more about how our innovative solutions can meet your organization's unique needs and help you stay ahead in a dynamic work environment. Let's embark on this journey together.

About SMACT Works

SMACT Works is a technology-focused systems integrator and IT/ERP consulting firm. We deliver end-to-end consulting, managed, and implementation services for Oracle Cloud Applications, IaaS & PaaS, On-Premise PeopleSoft & EBS Applications. Headquartered in Dublin, OH, we have a global presence with North America and Asia offices. We are an Oracle Gold Partner Cloud Standard, ISO 9001, and 27001 certified delivery organization serving customers with Excellence and Integrity.