Oracle (News - Alert), a provider of open and integrated enterprise applications, recently claimed more customers across the globe are implementing Oracle Fusion Human Capital Management and the solution is being rapidly adopted in the Oracle Cloud.
Oracle’s Fusion Human Capital Management is capable of enabling users to architect a global foundation for HR data and improved business processes. The solution delivers a robust set of human resources functionality that enables them to increase productivity, accelerate business performance, and lower their cost of ownership. Blending advanced technology, tight integration and best HR practices, the solution can be employed to look into precise future workforce needs.
The rapid adoption of Oracle Fusion HCM only demonstrates the company’s prowess in providing next-generation HCM, including HCM cloud services, to help transform HR into a strategic contributor to the changing business landscape. The solution is stated to be available to customers in a simple subscription pricing model over the Oracle HCM Cloud Service which has all the advantages SaaS (News - Alert) could offer without the drawbacks associated with niche solutions.
Oracle also provides a comprehensive portfolio of cloud products and managed cloud services for IT providers to build and manage clouds.
eVerge Group, a representative of customers that use Oracle Fusion Global Payroll and Oracle Fusion Global Payroll, remarked that with the implementation of Oracle Fusion HCM, it managed to replace three disparate systems and external service providers that were needed to support all HR and payroll activities. The company now has an enterprise-wide unified system that enables it to manage its HR and payroll processes seamlessly while maintenance and upgrades are handled by Oracle as part of the subscription to the Oracle’s cloud-based offering.
Kirk King, CEO at CSS (News - Alert) International, said in a statement, “We selected and successfully deployed Oracle HCM Cloud Service for global core HR – including Network@Work, talent management and business intelligence. We believe this is the best solution to help us take our HR operations to the next level, where HR can significantly contribute to our underlying business goals. We’ve also seen cost savings attributed to the SaaS deployment.”
Oracle recently acquired Acme Packet (News - Alert), a provider of session delivery network solutions that deliver next-generation voice, video, data and unified communications services and applications across IP networks, to help speed the deployment of all-IP networks. However, financial data indicates Oracle's offer of $1.7 billion (net) in cash, is more than six times Acme Packet's sales over the past 12 months. That's a bit high, with three to four times yearly sales a typical price premium.
Edited by Rachel Ramsey