In a competitive world, companies need to leave no stone unturned in the struggle to streamline operations and control costs. HR has used these technologies for some time, but the payroll back office has typically been something of an afterthought. With Oracle Payroll Cloud, Oracle has been targeting those challenges.
The demands on the payroll back office have been growing. Oracle Payroll Cloud gives companies a foundation for transforming payroll to keep pace with changing business realities.
Streamlining back office payroll
Oracle Payroll Cloud has evolved since its original release, and it offers several tools and features that HR can use to significantly improve payroll operations. These include:
- Advanced payroll flows: Typically, there are different flows for on-cycle payroll, annual bonus payroll and off-cycle payroll. Oracle has enhanced the solution’s flows, making it easy for companies to configure them to meet their specific needs. When problems arise, the flows will stop when reviews are needed, and the system will provide notifications when actions are necessary.
- Payroll dashboard: The new version of the solution’s dashboard provides a big-picture view of all the processes running in payroll—where work is in the flow, where any errors have occurred, what payroll employee is assigned to each step, etc. The dashboard gives decision makers the visibility needed to manage payroll effectively, and the ability to drill down into processes to quickly act to solve problems.
- Full integration: Oracle Cloud payroll shares a data structure with all other product components, such as HR, Absence, Recruitment, Compensation, Talent Acquisition, Benefits, and Time and Labor. That means that payroll has seamless access to employee information; employees do not need to spend time keying in data from various systems nor do administrators have to manage heavy integrations to accommodate integrations.
- Mobile capabilities: Oracle HCM employee self-service capabilities can be accessed from any device without the need for a separate mobile application. So employees and payroll professionals can use their computers, tablets or phones to efficiently get their jobs done.