Oracle Fusion HCM Cloud – Benefits
Oracle Fusion Cloud HCM is an amalgamated product of Peoplesoft, JD Edwards and other services, whereas EBS R12 is a Forms based product and upgraded from its initial releases starting R10.7.
When it comes to functionality, Cloud HCM exhibits more features as it is a web driven product that uses Cloud Technology.
Oracle EBS R12 has limited localizations being based on country legislations. For example, Oracle Ebiz. Suite has Singapore Localization whereas it is not in Malaysia, resulting in many of the Malaysian HCM requirements to be customized. To be more precise, Income Tax rules and Formulas are quite complex in Malaysia. To meet these requirements, Oracle Ebiz. R12 must undergo a lot of Customizations, which can often be cumbersome. In addition, many of the Malaysian local requirements come as a standard functionality in Cloud HCM as it is inherited from Peoplesoft HCM.
Cloud HCM works on Service Oriented Architecture (SOA). Here, a wider functionality set is available to suit any kind of customer requirement.
Cloud HCM applications are flexible and have different deployment methods, providing customers with an unprecedented range of choices without having the need to commit a specific delivery mechanism. Choices of on premise, on-demand, SaaS (public or private cloud) or hybrid are available – enabling ultimate flexibility and a choice for your organization as it grows and evolves.
Talent Management, Performance Management, collaboration and analytics are tightly integrated in Cloud HCM along with core HR, payroll.
HCM Cloud Applications deliver strategic business value to every person in an organization – from professional users to employees and managers. Here are some of the highlights of this application:
· Configurable business process templates and setup wizards
· Out of the box integration
· Easy data migration
· Highly configurable layouts, reports and processes
· A rolling program of product updates
· No upfront investment in the hardware to run HCM System
· No In-house Application Management, maintenance or upgrade costs
· Faster Implementation reduces the opportunity cost
· No IT Implementation costs
· Reduces power and cooling costs
· Comprehensive Employee Benefits administration
· Global Payroll that pays people accurately
· Integrated Talent Management
· Collaboration across mobile and social enterprise
· Mobile access to work where you want
In the current scenario, Customers who are primary users of Oracle from the beginning have started their journey with 10.7 and higher versions, and they are still using Oracle Ebiz. 11i (also called as Oracle Apps 11i). Oracle Apps 11i HRMS customers thinking of migrating abruptly would resemble more of a complex task. Hence, it is advised to follow a step-by-step guide to migrate to Oracle Ebiz R12 more comfortably and stabilize the entire process.
Cloud Applications are a bit pricey compared to Oracle Ebiz. R12. Besides, all customers are not ready to migrate totally. It is also noticed that customers are finding it difficult to change or adopt to their internal requirements – making it difficult to change their process to suit a wider range of product functionalities.
There is also a risk of data vulnerability if it’s on Public Cloud. However, Oracle provides a range of where customers may have to spend a pretty penny.