ORACLE CORPORATION SAN FRANCISCO, Oct. 2, 2017 /PRNewswire/ -- Oracle OpenWorld -- Oracle today announced new additions to the Oracle Human Capital Management (HCM) Cloud portfolio. Part of Oracle Cloud Applications Release 13, the latest release of Oracle HCM Cloud introduces three new applications, major user experience enhancements, and extensions to existing HR modules. New innovations include powerful artificial intelligence (AI)-based recruiting features, as well as new health and safety and governance and risk capabilities.
To successfully manage and retain the best talent, organizations need access to the right technology to optimize the employee experience and anticipate and respond to changing workforce needs. The latest release of Oracle HCM Cloud empowers HR professionals to meet this challenge by combining all major HR functions on one platform to enable collaboration, optimize talent management, provide complete workforce insights, increase operational efficiency, and make it easy for everyone to connect on any device.
"The latest additions to Oracle HCM Cloud incorporate simple but powerful features that enable organizations to leverage the latest innovations to anticipate and plan for the future," said Chris Leone, senior vice president, Oracle Applications Development. "By combining innovations in artificial intelligence (AI) and user experience with major enhancements to core HR modules, we are able to help HR leaders drive digital transformation and positive business outcomes."
Oracle HCM Cloud has been at the forefront of AI technologies with earlier investments in predictive analytics and machine learning, which are already used to power recommendations used in Career Development and Oracle Learning Cloud. In this latest release, Oracle is extending the power of AI to inform recruitment efforts in the following ways:
-- Candidates can access helpful chatbots to discover more information
about positions of interest and the company's recruiting process,
helping increase candidate engagement and conversion.
-- Algorithmic insights help users make better decisions throughout the
application, from highlighting best-fit candidates to hiring managers,
suggesting other possible career opportunities for candidates, and
predicting candidate offer acceptance to recruiters. Oracle AI leverages
company talent data, as well as candidate information, to guide the
process and improve the likelihood of success.
With the latest release of Oracle HCM Cloud, Oracle is making the industry's broadest cloud-based human capital management suite more powerful and easy to use. New products included in the latest release of Oracle HCM Cloud are:
-- Oracle Recruiting Cloud: A new recruiting solution built natively on
Oracle HCM Cloud, Oracle Recruiting Cloud provides more robust sourcing
and comprehensive recruiting capabilities. Recruiting organizations will
be able to drive proactive campaigns and identify future pipelines of
talent ahead of demand. Internal employee candidates will be able to
benefit from increased access to internal opportunities and potential
career paths available in a company to see how they fit with existing
skills, career preferences and new learning opportunities available to
increase their likelihood of success at a company. External job
candidates can access helpful chatbots to discover more information
about positions of interest and the company's recruiting process to help
increase candidate engagement and conversion. Human resources
information technology (HRIT) organizations will benefit from the
streamlined administration and ongoing maintenance that comes with
everything being on a common platform, helping to eliminate challenges
of account management, single sign-on, data integrations and reporting.
All users will benefit from new algorithmic data surfacing and chatbots
that help improve recommendations and overall decision support.
-- Workforce Health and Safety Incident Management: Provides organizations
with a quick and easy-to-use solution to manage accidents or unsafe
conditions in order to best align with organizational safety goals.
Features include incident management, capturing critical event
information with tailored data based on the type of incident reported,
ability to track actions to remediate the root cause of the safety
issue, safety dashboards, and reporting support to help ensure proper
action is taken and is compliant with Occupational Safety and Health
Administration (OSHA) U.S. standards. Ideal for workplaces that involve
heavy manual labor where health and safety risks are a key concern such
as manufacturing and supply chain, construction and engineering or
automotive.
-- Governance, Risk, and Compliance: Helps organizations identify,
remediate, monitor, and manage risk by streamlining governance and
compliance initiatives. It deters employees from exploiting the system
through clearer segregation of duties and more security features to
prevent potential fraudulent activities.
In addition to the new applications, Oracle has also introduced major user experience enhancements and significant additions to existing Oracle HCM Cloud modules. The new user experience puts the needs and experiences of users at the center of the design in a way that's consistent, simple, and intuitive. The new design delivers a warm and approachable HR tool that people can use - it's fast, familiar, and easy - mirroring platforms they are accustomed to using everyday as consumers, but now appearing in enterprise applications. It provides a common experience across all devices, including mobile, so business information can be accessed at all times; meanwhile, the instinctive user experience enables seamless and simple interactions with artificial intelligence built in to provide users with customized recommendations so they only see data that is adapted for them, such as role, location, and business. Users can complete self-service transactions and inquiries to help maintain data accuracy in the system to increase user participation and engagement. The new contemporary look and feel also enables organizations to more easily make customizations to best match their brand, corporate culture, and other enterprise software - from logos to color schemes.
Additions to existing Oracle HCM Cloud modules include:
-- My Volunteering: Enables employees to identify volunteer projects their
organization supports and quickly enroll.
-- Knowledge Management: A new addition to Oracle HR Help Desk Cloud
provides simple and convenient ways for people to get access to large
amounts of information stored in the enterprise.
-- Anytime Feedback: Increases employee communication by providing quick
feedback on any employee at any time. Users can provide recognition or
send real-time feedback to help better inform performance management,
talent reviews, and succession management.
For additional information about Oracle HCM Cloud, follow @OracleHCM on Twitter or Facebook, or read the Modern HR in the Cloud blog
About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.
About Oracle OpenWorld
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The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation.
Statements in this article relating to Oracle's future plans, expectations, beliefs, and intentions are "forward-looking statements" and are subject to material risks and uncertainties. Such statements are based on Oracle's current expectations and assumptions, some of which are beyond Oracle's control. All information in this article is current as of October 2, 2017 and Oracle undertakes no duty to update any statement in light of new information or future events.
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