To continue to grow and evolve at the pace of modern business, HR continues to recontextualize its role within the organization and play the role of a business partner, where it is not only involved in identifying, attracting, and retaining talent (and creating innovative and productive workplaces), but also discussing how to increase revenue and reduce cost.
By reducing reporting time, and enabling faster deployments, smoother upgrades, lower maintenance, and fewer customizations, customers were able to reduce cost and improve productivity, which helped them make faster and smarter decisions to drive business transformation.
in reporting productivity (efficiency)
with faster creation of reports, reducing time for data gathering and data manipulation while gaining real-time insights into business and improving decision-making.
With Oracle Cloud HCM, a large credit union gained the ability to produce ad hoc reports 95% faster and compensation reports 80% faster, boosting productivity and accelerating insight. Moreover, improvements in reporting was the business benefit achieved soonest by the majority of customers interviewed.
in legacy system costs
with savings in hosting costs, reduced IT support staff, and reduced maintenance and support costs.
A financial services company has been able to drastically reduce time and effort spent on fixes and patching by 50%, allowing them to standardize processes, scale workloads rapidly, and reduce costs.
workforce efficiency
with a reduced number of FTEs , eliminating manual processes, and redeploying resources to value-add functions.
A Fortune 100 multinational financial services company saw a 26% increase in workforce efficiency by leveraging Oracle Cloud HCM, allowing it to scale without adding 10 additional FTEs.
—SVP of Human Resources Operations, Global 2000 Media and Entertainment Organization
