Oracle cloud application is a complete and modular set of enterprise applications. It has all enhancement fillers within the business for the customer include HCM, Finance, Procurement, and many more. In a modular set, a customer can opt only for the specific modules as per the company requirement. Oracle Fusion application is an integrated business application that connects and automates the entire flow of the business process in addressing the needs of global enterprises.

Human Capital Management (HCM) is one of the cloud applications in the Oracle Fusion Suite. Human Resource Management System or Human Capital Management is the same. Oracle Cloud HCM delivers a solution that includes human resources, talent, and workforce management. With Oracle Cloud HCM user can create better resource plans, drive employee alignment.

Users can work on the Oracle HCM application on the desktop, laptop, and mobile devices. 

Oracle Old Version:

1. E-Business Suite EBS 11i (in the ’90s till 2006)
2. EBS R12 (2007) 

Current Oracle Version

Fusion Cloud was released in 2014

Older version vs the current

EBS is form-based software; the user must install it in the system and work accordingly. 

Oracle Cloud is Web-based software; cloud-based, so a user can access it from a PC, mobile, tablet, etc. 

Why Oracle Fusion?

1. It simplifies the Business
2. 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
3. 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
4. The application supports a high Data Security
5. Globally, ERP companies have more investment scope because of the above options
6. 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

• Workforce deployment – used for the core HR and mostly used by HCM Consultants
• Workforce development – for Talent Management

Oracle Cloud HCM is a one-stop-shop application for most of the HR tasks. Some of the key HCM features are as follows: 

Human Resource feature includes: 

1. Human Resources (HR)
2. Workforce Directory
3. Workforce Predictions 
4. Workforce Modeling 
5. HR Help Desk
6. Workforce Health and Safety Incidents
7. Benefits
8. Payroll
9. Work-Life Solutions

Workforce Management features include: 

1. Time and Labor
2. Absence Management

Talent Management features include; 

1. Recruiting (Talent Acquisition)
2. Goal and Performance Management
3. Compensation
4. Career Development
5. Talent Review and Succession
6. Learning

Note: It’s mandatory to complete HR and workforce management setups before Talent management