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 help them stay ahead of their competitors. The main aim of any business is to lower the 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 it 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 cost 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. If business processes are well streamlined, then your business will save on cost, a factor that will enable your business to realize 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 in most cases, you usually end up with candidates who are not able to meet current demand that your business needs to realize growth.
The reason why many recruiters fail to get the right candidates is because their processes are paper based and manual. However, that is not the case with Oracle Fusion HCM. The Oracle BI software is flexible, easy to use and customized to meet the 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 will not only help you save precious administrative time but will also help to reduce overhead costs, cut recruiting time, as well as ensure that you get the best candidate for the job.
4. People centric process
Oracle HCM has simplified the recruitment process. It is actually 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 has greatly reduced the paperwork that is usually involved in the recruiting process, while at the same time, 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 depended alerts at each stage of the process. The customer workflows are not only easy to configure but they also deliver excellent results. It allows the newly hired employees to verify their profile information, a feature that helps to reduce problems related to benefits, payroll, and even state or federal regulatory compliance.
6. Greater benchmarking and visibility
Better visibility and reporting helps to improve productivity. For instance, a centralized applicant tracking system helps to identify repeat applicants who have already been considered. Recruiter and applicant pools can easily be compared with benchmarks that have been established across various locations. This not only helps to save time but it also help to streamline activities.
7. Learning and process improvement
Oracle HCM provides multiple ways to help you learn how to fully take advantage of its features. That is why 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.