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Tag: Industry Update

13 Key Features of PeopleSoft HCM PUM Image 31

July 23rd, 2019

13 Key Features of PeopleSoft HCM PUM Image 31

Oracle’s PeopleSoft HCM Suite has recently released Image 31. Below we’ll explore these recent enhancements and new functionality, which encompasses 13 useful features:

  1. Absence Management Chat Bot: Using the absence assistance tile, employees can access the Absence Management Chat Bot to perform simple transactions related to absences. 
  2. Employee Self-Termination: Through employee self-service, employees are able to initiate their own resignation or retirement.
  3. HR Business Partners: This tool allows HR managers to track and show HR managers for employees and perform tasks such as salary raises.
  4. Development Documents for Employee Snapshot: Available on the summary and performance review dashboards. Administrators can configure the display to show chosen development documents. 
  5. Fluid Extended Absences Self-Service: A tool which allows employees to create and maintain extended absence requests using fluid. Employees can also review approved extended absence requests.  
  6. Activity Guide Composer Multi User Guide: Allows users to create templates that allow multiple users to complete different steps in a process. 
  7. Enhanced Security for Profile Management: Adds additional security options when setting up the profile type content sections. You can now use PeopleTools roles to allow certain employees certain capabilities. 
  8. Compensation Cycle for Variable Compensation: This enhancement complements the existing functionality that allows the creation of cycles for merit plans only, or merit and variable compensation plans. 
  9. Leave and Compensation Balance: Includes a new tile for leave and compensation time for increased visibility. 
  10. ePerformance Auto-Transfer Document Enhancements: Has added enhancements to the auto-transfer feature which transfers in-progress documents automatically when managers are terminated.
  11. Acknowledgment Framework in Candidate Gateway: You can configure an acknowledgment for candidates after they register. This provides more flexibility within the original consent agreement including audit trails.
  12. Fluid Reported Time Audit: Administrators can easily access employees reported time audit with the newly introduced time and labor tile for easy access. 
  13. Drop Zones for HCM: PeopleSoft HCM continues to expand the footprint of drop zones in its applications. This enables you to add text, links, and other field to pages without impacting future upgrades.

For further information, check out the the above video for step-by-step demonstrations of every one of these 13 features. Need help with PUM image updates? Check out Elire’s Continuous Delivery Services!

 
 
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Cloud ERP Updates: Oracle Partner Cast

January 24th, 2019

Cloud ERP Updates: Oracle Partner Cast

Oracle hosted an Oracle Partner Network (OPN) webcast yesterday with some exciting updates to Oracle Cloud ERP and EPM.

Market Highlights include:

  • ERP SaaS market will reach $23.8 Billion in 2018 for 17% CAGR since 2013 (IDC); ERP includes accounting & finance, procurement, supply chain, and HR
  • Accounting and Finance was ~25% of the ERP market in 2016 (BCC Research)
  • Procurement Market (full Source-to-Pay) is growing rapidly with total revenues of $7.9 Billion in 2017 for 13% CAGR (Forrester)
  • Mid-size companies are expected to make up the majority of cloud customers
  • Oracle has around 10,000 E-Business Suite customers, of wich over half are mid-size
  • Organizations are reducing their TCO by over 50% and increasing their ROI by 3.2 when moving to Oracle Cloud

Industry Trends & Challenges you should know:

  • 81% say staying current on technology is a top benefit of ERP Cloud (ERP Trends)
  • Average age of ERP systems nearing 20 years (ERP Trends)
  • Average lifespan of an ERP system is from 10-20 years (e2bteknologies)
  • ERP performing more routine, core processing typically done in Excel (CIO.com)
  • Compliance with SOX, GDPR, etc. becoming more critical for ERP (CIO.com)

Oracle Cloud ERP Benefits:

  • Simultaneously access real-time financial data & automate processes
  • Improve cash inflows and manage cash positions across the enterprise
  • Reduce transaction processing costs, data entry errors, and delays
  • Comply with global accounting standards, legislative, & industry requirements
  • Modernize, simplify, and accelerate project planning and execution
  • Improve collaboration and productivity among project teams and managers
  • Realize maximum savings and simplify purchasing with self-service procurement
  • Standardize and streamline sourcing negotiations and contract creation
  • Ensure contract compliance by monitoring for standard language deviations

Want an introduction to Oracle Cloud ERP? Join our next webinar, “Streamline & Simplify: An Intro to Oracle Cloud Financials” on February 19th. Register Here.

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