Oracle Advanced Benefits is a flexible, rules-based benefits administration application that enables improved benefits support and analysis while reducing overall costs through easy setup and process automation. Oracle Advanced Benefits enables professionals to adapt to evolving business needs by simplifying the implementation, management, and monitoring of benefits offerings, while addressing the effects to the bottom line.
Total Compensation Statement (TCS) is bundled with Advanced Benefits. Using Total Compensation Statement, organizations can easily build online or paper based statements that help employees realize the full value of their rewards.
Manage diverse benefits plans and programs ranging from the simple to the complex.
Manage Life Events
Manage any type of employee or non-employee events from Annual Enrollment to family or work-related changes.
Manage Eligibility Rules
Easily create and modify eligibility rules and criteria without customizing the application. - no self service in OAB - need HR Self Service
Get The Most From Benefits Plans
Facilitate and improve workforce benefit decisions by utilizing "what-if" eligibility analysis and advanced analytical tools to evaluate benefits plans for maximum value.
Make Decisions Globally
Increase consistency of decisions on compliance issues at all levels across your organization.
this is actually part of the core HR license Easily transmit and share data with your vendors, partners, and third parties providers.
Benefits Help Desk
Use the delivered service center functionality to assist with benefits questions, make elections or resend materials.
Communicate Total Rewards
Use Total Compensation Statement to communicate rewards and benefits to employees. This enables employees to view their total compensation through an easy-to-use self-service interface. Paper based statements allow total rewards to be viewed offline.