Oracle Fusion Basic Concepts.
Why Oracle Fusion?
- It simplifies the Business.
- It offers a great way of reporting. In Oracle, there are already many existing standard reports and also, a client can create new reports if needed as per their requirement.
- In Oracle, Business Intelligence Analytics are in-built for planning, budgeting, and forecasting solution. Users no longer need to map it to other outside applications like Hyperion to get the reports.
- The application supports a high Data Security.
- Globally, ERP companies have more investment scope because of the above options.
- In a big scale company, it’s difficult to manage the daily activities manually due to the organization size and complex processes. ERP has lessened the burden of the organizations and supported to achieve of these actions easily instead of manual process.
High-Level Setups
- Enterprise – Business Group or Company Name
- Legal Entity - Business in different countries
- Ledger - Out of scope for HCM module, it’s part of Finance Module
- Business Units – Each statewide location in a legal entity
- Inventory - Different locations in a specific Business Unit. Some companies have more than one office in the same business unit. (Out of Scope for HCM. This is part of Logistics)
- Divisions – a company with many businesses is called Division
- Data Set – All data is stored at one place and shared for different activities during implementation
Other Important HCM Setups
- Load geographies
- Manage geographies
- Set up enterprise structures
- Establish job and position structures
- Review enterprise configuration
- Load enterprise configuration
Selected Offerings
Human Resource feature includes:
- Human Resources (HR)
- Workforce Directory
- Workforce Predictions
- Workforce Modeling
- HR Help Desk
- Workforce Health and Safety Incidents
- Benefits
- Payroll
- Work-Life Solutions
Workforce Management features include-
- Time and Labor
- Absence Management
Talent Management features include-
- Recruiting (Talent Acquisition)
- Goal and Performance Management
- Compensation
- Career Development
- Talent Review and Succession
- Learning
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