• 27 July 2024

HCM and Business Intelligence Will Increase Your Organization’s ROI

The business landscape is increasingly becoming more competitive. As a result, businesses have been forced to look for creative ways to stay ahead of their competitors. The main aim of any business is to lower operational costs and increase return on investment (ROI). However, the harsh truth is that not so many businesses get to realize this dream. Employees play a crucial role in helping an organization realize its goals.

That is why it is very important for organizations to integrate an efficient human capital management (HCM) system to enhance performance management, and that is exactly what Oracle Fusion HCM does. By using Oracle BI tools, you will streamline processes, reduce costs, and boost revenue. In this article, we are going to discuss how Oracle HCM can help increase your ROI.

1. It Streamlines Business Processes and Enhances Growth

One of the main benefits of using Oracle BI software is that it helps to streamline business processes and reporting. As a result, your business will be able to render quality services to customers at a faster pace than your competitors, including those that are well established. When business processes are well streamlined, your business will save on costs, enabling growth and development.

2. Easy to Use and More Flexible

Many small businesses usually rely on outside recruiters to help them fill vacant positions. However, this practice is usually costly and often results in candidates who do not meet the current demands needed for business growth.

Many recruiters fail to get the right candidates because their processes are paper-based and manual. However, with Oracle Fusion HCM, the Oracle BI software is flexible, easy to use, and customized to meet the specific needs of your business.

3. Faster, Efficient, Better Hiring and Onboarding

By integrating Oracle HCM with your business, all your recruiting functions will be streamlined. This not only saves precious administrative time but also reduces overhead costs, cuts recruiting time, and ensures that you get the best candidates for the job.

4. People-Centric Process

Oracle HCM has simplified the recruitment process, creating a one-stop-shop for applicants, candidates, and jobs. Users can easily apply for jobs online using any mobile device with internet access. This software significantly reduces the paperwork involved in the recruiting process while increasing quality.

5. Personalization and Collaboration

The main aim of Oracle HCM is to streamline the recruitment process. Both the support department and hiring managers will have total visibility over the process with custom automation. They will receive automated role-dependent alerts at each stage of the process. The customer workflows are easy to configure and deliver excellent results. It allows newly hired employees to verify their profile information, reducing problems related to benefits, payroll, and regulatory compliance.

6. Greater Benchmarking and Visibility

Better visibility and reporting help improve productivity. For instance, a centralized applicant tracking system helps identify repeat applicants who have already been considered. Recruiter and applicant pools can be compared with benchmarks established across various locations. This not only saves time but also streamlines activities.

7. Learning and Process Improvement

Oracle HCM provides multiple ways to help you fully take advantage of its features. They have established a community comprised of product managers, Oracle experts, online charts, blog posts, recorded presentations, online tutorials, and videos to help users increase productivity and ROI.

Let DataTerrain Help With Your Oracle HCM and Business Intelligence Needs

If your organization is interested in taking its business to the next level, learn more about HCM Fusion reports by contacting us at DataTerrain. Our advanced business analytics experts have years of experience providing solutions to organizations around the world