Part 3: Oracle Cloud HCM 25B Release – Driving Accuracy, Compliance, and Strategic Insights
Modules Covered: Payroll | Benefits | HCM Analytics
As part of MIPRO’s continued pursuit of excellence in Oracle Cloud Applications, we strive to provide the best of the application capabilities to the users in an understandable way. The final installment of our 3-part series focuses on the behind-the-scenes engines of your HCM operation: Payroll, Benefits, and Analytics. Oracle Cloud HCM 25B streamlines administration, supports compliance, and strengthens decision-making with new tools and enhancements.
Payroll
Enhanced payroll processing tools: Automated payroll calculations and tax compliance streamline payroll processing by ensuring accurate, timely payments and adherence to regulations, significantly reducing manual effort, minimizing errors, and alleviating administrative workload for HR and finance teams.
Use the redesigned Redwood Process Results Detail - Submit Another Task page to view the details of each task iteration of the single submission Submit Another Task flow.
Improved tax compliance features: Enhanced features to ensure compliance with tax regulations provide robust, up-to-date tools that automatically incorporate regulatory changes, facilitate accurate tax calculations, and support audit readiness, thereby minimizing legal risks and ensuring adherence to all relevant tax requirements.
Streamlined payroll reporting: In Oracle Cloud HCM 25B, streamlined payroll reporting enhances insights and compliance by offering user-friendly, customizable report templates, real-time data access, and automated data validation, enabling HR and finance teams to efficiently monitor payroll activities, ensure regulatory adherence, and make informed decisions with confidence.
Benefits
Enhanced benefits enrollment tools: Automated enrollment processes for health insurance, retirement plans, and other employee perks streamline benefits administration by enabling seamless, self-service enrollment, reducing manual efforts, minimizing errors, and ensuring timely, accurate benefits allocation to enhance employee experience and compliance.
Improved benefits administration features: Benefits Administration now features improved tools for managing employee benefits programs, enabling more efficient enrollment, tracking, and management of various perks such as health insurance and retirement plans, which enhances overall benefits delivery and employee satisfaction.
Streamlined benefits reporting: Benefits Reporting has been streamlined with enhanced reporting capabilities that provide clearer insights into benefits utilization, costs, and trends, empowering HR and management to make data-driven decisions, optimize benefits programs, and improve overall benefits strategy.
HCM Analytics
Prebuilt analyses and dashboards for workforce insights: Prebuilt analyses and dashboards offer HR professionals ready-made tools to quickly access and interpret key workforce metrics, facilitating data-driven decision-making, improving strategic planning, and enhancing overall HR management efficiency.
Integration with Fusion Data Intelligence for extended analytics capabilities: Fusion Data Intelligence integration enhances analytics capabilities by seamlessly combining HR data with advanced data analysis tools, enabling more comprehensive insights, improved decision-making, and the ability to uncover deeper workforce trends through enriched data analysis.
Support for diversity analysis and workforce composition metrics: With Oracle Cloud HCM 25B, enabling organizations to analyze workforce diversity metrics facilitates the identification of representation gaps, supports the development of inclusive hiring and retention strategies, and promotes a more equitable and diverse workplace environment.
Insights into turnover, hiring trends, and internal mobility: Providing insights into workforce composition, such as headcount by job families, average tenure, and distribution across locations—helps organizations understand their talent structure, identify areas for growth or improvement, and make informed decisions to optimize workforce planning and resource allocation.
Oracle Cloud HCM 25B – Conclusion
Oracle Cloud HCM 25B delivers wide-ranging improvements that enhance both the user experience and strategic capabilities across the HCM suite. MIPRO’s Oracle Cloud Center of Excellence experts are dedicated to helping our customers maximize the value of Oracle Cloud applications by identifying best practices and tailored solutions for their specific needs. Our passionate team is committed to guiding you through the optimal use of these powerful tools, and we invite you to reach out and schedule a demo to see firsthand how Oracle Cloud can transform your business operations.
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