Oracle Enables Real Time Workforce Management with New In-Memory Application for Oracle’s PeopleSoft HCM
Oracle’s PeopleSoft In-Memory Labor Rules and Monitoring Delivers Real-Time Insights into Time and Labor to Help Improve Productivity and Compliance
ORACLE HCM WORLD, LAS VEGAS – February 5, 2014
Organizations are often challenged to increase workforce productivity while managing operating costs, supporting regulatory compliance and maintaining employee satisfaction. With inevitable variations between planned and actual labor costs, this balancing act relies on organizations being able to fine tune their human capital operations based on real-time business needs. To address this challenge and help organizations achieve a competitive advantage, Oracle offers strategic, timely information, focused on the time and labor management process, to managers and HR decision-makers with a new Oracle In-Memory Application for Oracle’s PeopleSoft. Designed to leverage the power of Oracle Engineered Systems and Oracle’s industry-standard PeopleSoft HCM applications, PeopleSoft In-Memory Labor Rules and Monitoring empowers organizations to effectively manage labor costs and policy rules in real-time.
By harnessing the power of Oracle Engineered Systems to maximize performance and speed, PeopleSoft In-Memory Labor Rules and Monitoring can deliver real-time insight into planned and actual labor information.
The new solution provides out-of-the-box integration between PeopleSoft Time and Labor and Oracle Policy Automation in conjunction with a configurable dashboard for front-line managers to quickly make sound labor decisions for a global workforce based on current business data analysis aggregated on a single dashboard.
PeopleSoft In-Memory Labor Rules and Monitoring enables organizations to:
Leverage predefined, easily understood labor policy rules using the natural language capability provided by Oracle Policy Automation.
Use Oracle Policy Automation to create or modify existing rules to simulate, test and deploy to a production environment.
Empower managers to make more strategic decisions around employee time and labor by understanding exceptions and trends in overtime, absences, schedule deviations and other related labor data.
Improve profitability and optimize resources by harnessing real-time data on business needs and labor costs as it occurs.
Reduce the risk and cost of non-compliance with labor regulations by pre-delivering labor rules, such as overtime rules.
Oracle’s engineered systems, servers and storage are engineered together with Oracle Database 12c, Oracle Fusion Middleware and Oracle Applications to offer faster performance, greater efficiency, higher availability and near-unlimited scalability. By owning the entire stack from application to disk, Oracle can engineer, test, optimize and deliver a rich set of exclusive features and application accelerators.
Running Oracle software on Oracle hardware, customers can lower the total cost of ownership, mitigate risk, improve user productivity and leverage Oracle Enterprise Manager 12c to streamline management while benefiting from the value of a single point of accountability. PeopleSoft In-Memory Labor Rules and Monitoring is yet another example that Oracle applications run best on Oracle systems.
“Intelligently managing the workforce requires having the right information at the right time in the hands of individuals who can act on it. Effectively managing labor spend can be challenging in our fast-changing, global business landscape, as it often includes managing employees across diverse regions, with a wide variety of local business practices,” said Paco Aubrejuan, senior vice president and general manager, Oracle’s PeopleSoft. “With Oracle’s PeopleSoft In-Memory Labor Rules and Monitoring, Oracle is enabling global businesses to clearly understand labor policies and execute on faster, better-informed decisions that maximize productivity and profitability. By combining industry-leading hardware and software on a single, engineered system, it can help organizations quickly pinpoint time and labor cost advantages.”