Oracle Modern Best Practice

Digital Business Processes for ERP & HCM

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What is Oracle Modern Best Practice?
www.oracle.com/modernbestpractice

Digital business processes that End-to-end across the

evolve with you organization

Leverages emerging
Radically superior results
technologies

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Oracle Modern Best Practice
Designed for change – evolves with you

240+
Open, Standard, Free
Talent  Recruit to Onboard  Benefits to Payroll 
Time Collection to Payroll  Payroll to Payment  Goal
Setting to Performance Improvement  Career
Planning to Development  Talent Review to
Supply Chain Planning  Sales Objective to
Integrated Business Plan  Demand to Management 
Demand Forecast to Supply Plan

Succession  Absence Planning to Productivity Logistics  Outbound Shipment to Delivery  Inbound

Finance  Plan to Approval  Asset Acquisition to Shipment to Delivery  Freight Invoice to Approval
Retirement  Bank Transaction to Cash Position  Improvement  Incident Report to Workplace Safety 
Employee Insight to Workforce Wellness  Employee  Trade Screening to Compliance
Expense Report to Reimbursement  Supplier Invoice to
Payment  Customer Invoice to Receipt  Customer Separation to Workforce Analysis Order Management  Multi-channel Order to
Statement to Collection  Period Close to Financial Marketing  Data signals to Unified Profiles  Promise  Fulfillment Orchestration to Invoice
Reports  Report to Forecast  Customer Contract to  Order to Drop Shipment
Campaign Execute to Lead  Nurture to Opportunity
Revenue  Joint Venture Accounting to Stakeholder Manufacturing  Forecast to Plan  Production Order
Settlement  Period Close to Tax Provision  Tax Sales  Lead to Opportunity  Opportunity to Quote  to Cost Update  Contract Manufacturing Request to
Provision to Statutory Filing  Lease Abstraction to Quote to Order  Opportunity to Forecast  Sales Play Delivery
Termination to Key Account Opportunity  Field Sales Prep to
Execution  Vendor Lead to Channel Opportunity  Inventory  Plan to replenish  Material request to
Procurement  Supplier Registration to Spend Channel Lead to Vendor Opportunity delivery
Authorization  Insight to Sourcing  Contract Creation
to Spend Compliance  Requisition to Payment  Sales Performance Management  Sales Strategy to Product Lifecycle  Design to Release  Part
Supplier Return to Settlement Execution  Coaching Plan to Performance  Incentive Qualification to Release Quality Event to Resolution 
Plan to Payment Part Qualification to Release  Quality Planning to
Project Management  Plan to Delivery  Project Receiving Inspection
Contract Billing to Revenue Recognition  Project Cost Service  Customer Contact to Resolution  Service
to Accounting  Resource Analysis to Utilization Request to Dispatch  Knowledge Gap to Solution 
Sensor Alert to Preventive Maintenance
Risk Management  Security Design to Separation of Industry: Retail  Government Higher
Duties  Business Process Risk to Continuous Assurance Product Information  Product release to supply Education  Insurance  Banking  Healthcare 
 Audit Scoping to Financial Reporting Compliance  chain readiness  New product to omnichannel Energy and Water
Risk Identification to Organization Readiness commerce  Dispersed item records to unified master
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Modern Best Practice for ERP & HR

Finance Procurement Project Management HR and Payroll

▪ Asset Acquisition to Retirement ▪ Supplier Registration to Spend ▪ Opportunity to Project Approval ▪ Employee insight to work-life
▪ Budget to Approval Authorization ▪ Resource Analysis to Utilization alignment
▪ Expense Report to Reimbursement ▪ Insight to Sourcing ▪ Project Methodology to Delivery ▪ Benefits to payroll
▪ Supplier Invoice to Payment ▪ Contract Creation to ▪ Task Detail to Plan Adjustment ▪ Payroll to payment
Procurement Compliance
▪ Customer Invoice to Receipt ▪ Project Costs to Accounting ▪ Employee separation to
▪ Requisition to Payment workforce analysis
▪ Customer Statement to Collection ▪ Project Contract Billing to
▪ Supplier Invoice to Payment Revenue Recognition
▪ Bank Transaction to Cash Position
▪ Period Close to Financial Report
▪ Supplier Return To Settlement ▪ Capital Project to Asset Workforce Management
▪ Report to Forecast ▪ Absence planning to continuity
▪ Period Close to Tax Provision ▪ Time collection to payroll
▪ Tax Provision to Statutory Filing ▪ Production Order to Cost Update
▪ Customer Contract to Revenue
▪ Joint Venture Accounting to
Settlement
▪ Lessee Lease Abstract to
Termination
▪ Lessor Lease Abstract to
Termination

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Modern Best Practice for Finance
Oracle Modern Best Practice
24B

Asset Acquisition to Retirement

Acquire Assets Recognize and Depreciate Assets Derecognize and

Globally record all asset
acquisitions at all
locations resulting from
> Register Assets
Automatically recognize
assets on purchase.
> Automatically calculate
depreciation and rule-
based assignment to cost
> Dispose of Assets
Manage valuations,
disposals, derecognition,
>
purchases, projects, and Manage dashboard-driven centers. Automatically and retirements in
contracts. Interact on placement into service with track depreciation tax compliance with legal
open issues, questions, useful life definition and tax breaks and deferrals. requirements,
and approvals using valuation. maintaining accounting
secure collaboration and tax position
tools. alignment.

Manage Asset
Insights
Actively manage fixed
assets using secure role-
based dashboards,
allowing centralized
monitoring, alerts,
reassignment, and period
close for all locations.

Product Mix: ERP Cloud (Financials, Procurement, Project

Management)
Popular KPIs: Fixed Asset Turn Over Ratio, % fixed asset loss
Cloud Mobile Analytics Collaboration
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Oracle Modern Best Practice
24B

Supplier Invoice to Payment

Manage Supplier Manage Audits, Manage Settle Liabilities

Invoices
Process electronically or
scan invoices with rule-
> Disputes, And Approvals
Match invoices to required
documents including purchase
> Prepayments
And Discounts
> Actively monitor and
process supplier and
statutory liabilities using
>
Optimize payment timing a secure interaction.
driven routing to automate orders, receipts, inspection and discounts based on
invoice processing. Use acceptance, and VMI Process electronic
business goals and payments, automated
spreadsheets to speed up consumption. Manage rules- supplier intelligence from
manual entry. driven approvals across any pay runs, or off-cycle
transaction history and payments.
device or desktop. Resolve real-time events. Manage
disputes and holds using a prepayments on any
role-based dashboard and devices. Automatically
secure social interaction. detect unusual or
fraudulent payments.

Review Daily
Activity
Review and analyze the
> Schedule Payables
Close
Stay on predetermined
day’s financial activity close schedule. Review
and monthly progress. payables register, trial
balance, and
reconciliation reports.
Close payables period.

Product Mix: Cloud ERP (Financials, Risk Management)

Popular KPI: no. of payments, invoice payment days, % discount
taken
Cloud Mobile Analytics Collaboration AI/ML
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Oracle Modern Best Practice
24B

Customer Invoice to Receipt

Create And Manage Send Invoices Address Billing Process Payments

Transactions
Automatically generate
customer invoices, credit
> Send customers discrete
invoicing documents or
consolidated statements
> Issues
Manage customer
disputes and billing
> Automatically match
receipts to invoices even
without remittance advice
>
and debit memos from using a preferred format issues with role-based using configurable rules or
sales fulfillment and delivery method (mail, dashboard. Collaborate scoring engine. Handle
transactions based on email, or B2B ecommerce on investigations using a exceptions with help from
message). recommendation
business rules. Review secure social platform. algorithm.
status using role-based Apply corrections (credit
dashboards. or debit memos) and
refunds after required
review and approval.

Manage
Adjustments
Close receipts and
> Post Receivables
Activities
Automatically post all
> Schedule
Receivables Close
Stay on predetermined
invoices with remaining approved receivables close schedule. Use
balances based on activities to the general integrated inquiry,
company policy and ledger to ensure current reporting, and analysis
approval limits. account balances. tools to review and
reconcile account
balances. Post period
close entries and close
receivables period.

Product Mix: Cloud ERP (Financials)

Popular KPIs: avg. invoice age, DSO, % disputed invoices
Cloud Mobile Analytics Collaboration
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Oracle Modern Best Practice
24B

Bank Transaction to Cash Position

Review Activities Bank Validation Initiate Interbank Manage End of

Review automated
aggregation of
disbursements, payroll,
> Conduct daily interfaces
with banks featuring
automatic comparison of
> Activities
Execute global cash
management. Optimize
> Period Positions
Automate month-end
statement reconciliation.
>
collections, investments, records, and automatic balances across accounts Achieve balance sheet
and borrowing and view adjustment of fees and using zero balance optimization with
highlighted differences minor differences. Align schemes, and so on. automatic updates to
and variances to plans daily balances. Perform real-time forecasts and plans.
using a secure role- reviews of bank
based dashboard. positions.

Product Mix: ERP Cloud (Financials)

Popular KPIs: time to reconcile, no. of reconciliations
Cloud Mobile Analytics Collaboration
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 Oracle Modern Best Practice

Customer Invoice to Receipt

Create and Manage Send Invoices Address Billing Issues Process Payments
Transactions
Automatically generate customer Send customers discrete invoicing Manage customer disputes and billing Automatically match receipts to invoices
invoices, credit and debit memos from documents or consolidated statements issues with role-based dashboard. even without remittance advice using
sales fulfillment transactions based on using a preferred format and delivery Collaborate on investigations using a configurable rules or scoring engine.
business rules. Review status using role- method (mail, email, or B2B e-commerce secure social platform. Apply corrections Handle exceptions with help from
based dashboards. message). (credit or debit memos) and refunds after recommendation algorithm.
required review and approval.

Manage Adjustments Post Receivables Activities Schedule Receivables Close

11
Close receipts and invoices with Automatically post all approved Stay on predetermined close schedule.
remaining balances based on company receivables activities to the general ledger Use integrated inquiry, reporting, and
policy and approval limits. to ensure current account balances. analysis tools to review and reconcile
account balances. Post period close
entries and close receivables period.

Product Mix: ERP Financial Management)

Key Metrics: Avg Invoice Days Outstanding; Avg Invoice Days Overdue; Earned Discounts of
Total Discount %
Cloud Mobile Analytics Collaboration AI/ML
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Modern Best Practice for Supply Chain and
Procurement
Oracle Modern Best Practice
24B

Supplier Registration to Spend Authorization

Register Prospective Review and Approve Evaluate Supplier Authorize for

Supplier
Send secured links or set
up a public landing page to
> Registration
Streamline approval
review by automatically
> Qualifications
Assess supplier
capabilities for business
> Spending
Automatically add
qualifications to supplier
>
collect prospective supplier routing registration needs. Standardize records. Confirm supplier
company profiles and requests to reviewers assessment criteria with readiness, including
product or service data in a based on business rules. reusable questionnaires. remittance bank accounts,
structured format. Leverage Incorporate supplier Automatically notify system access privileges,
business data services to intelligence services for designated reviewers and compliance
ensure record consistency up-to-date scoring and based on business rules. acknowledgements.
and accuracy. Use risk signals, such as Mitigate supplier risk with
questionnaires to capture organization turnover and up-to-date supplier
responses to additional financial performance. intelligence.
registration questions.

Begin Transacting
Suppliers share
information, participate
in sourcing events,
advise of changes on
purchase orders, and
manage invoices and
payments using a secure
portal.

Product Mix: Cloud ERP (Procurement)

Popular KPIs: avg. person-hour to qualify a supplier, no. of
suppliers per category or critical item
Cloud Mobile Analytics Collaboration AI/ML
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Oracle Modern Best Practice
24B

Insight to Sourcing

Identify Opportunity Create Sourcing Event Engage with Monitor Negotiation

Focus on high-impact
opportunities by
analyzing spending
> Ensure policy-compliant
negotiations through step-
by-step guidance and
> Suppliers
Provide suppliers with a
centralized portal to
> Get up-to-date event
progress using a
dashboard to review
>
patterns and supplier templates. Leverage question access and monitor supplier responses and
performance. library or author new sourcing activities, post activities and compare
requirements to align with messages, and submit submissions. Extend,
business needs. Publish responses either online pause, or close the event
events to invite suppliers for or using a spreadsheet. based on responses.
participation.

Evaluate and Award

Negotiation
Streamline decision-
> Finalize Contract
Streamline contract
creation by automatically
> Realize Savings
Automatically apply
pricing and terms to
making with detailed applying terms and covered purchases to
analysis and comparison conditions from maximize contract
of supplier responses negotiation events and savings. Track sourcing
and consolidated scoring exception-based approvals. programs and measure
from subject matter Finalize contract terms and performance against
experts. Automatically conditions and create predefined sourcing
notify suppliers of award purchase documents to goals using
decisions. track fulfillment activities. dashboards.

Product Mix: Cloud ERP (Procurement)

Popular KPIs: Non-contract purchase rate, price savings amount
Cloud Mobile Analytics Collaboration
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Oracle Modern Best Practice
24B

Contract Creation to Procurement Compliance

Author Contracts Manage Deviations Approve and Accept Apply to Purchasing

Create contracts through
guided authoring or by
assembling preapproved
> Capture revisions during
authoring and negotiation.
Enforce policy compliance
> Contracts
Route contracts through
the approval hierarchy
> Agreements
Easily locate governing
contracts using secure
>
standard terms and with mandatory validation based on preset rules. search to cover applicable
conditions. Maintain and approval. Automatically Manage electronic execution documents, such
contract quality with recognize important signatures. as agreements and
templates formatted for deviations from standard purchase orders.
consistent printing and policies and route for
electronic transmission. approval.

Promote Compliance
Publish goods and services
covered by contracts on a
procurement portal to
promote utilization.
Automate order creation
from contracted suppliers
with risk controls to spot
potential fraud. Use
dashboards to obtain
visibility into contract
utilization, terms, value
leakage, and KPIs.

Product Mix: Cloud ERP (Procurement, Risk Management)

Popular KPIs: Price change amount, contract leakage rate
Cloud Mobile Analytics Collaboration
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Oracle Modern Best Practice
24B

Requisition to Payment

Create Requisitions Approve Requisitions Create Purchase Approve Purchase

Quickly find needed
goods and services from
approved catalogs with
> Automatically route
requisitions for approval
based on predefined
> Orders
Automate purchase order
creation for approved
> Orders (optional)
Automatically route
purchase orders for
>
consumer-friendly user business rules, including suppliers based on approval based on
interface on any device. thresholds, reporting negotiated pricing and predefined business
hierarchies, and purchasing contract terms. rules.
categories. Review and
approve requisitions on any
device.

Manage Invoices Process Payments

Dispatch Purchase
Orders
Automatically deliver
> Receive Goods
and Services
Record goods and
> Receive supplier invoices
over secure electronic
> Optimize payment timing
and discounts based on
channels or supplier business goals. Process
approved purchase services received to portals. Leverage electronic payments,
orders over secure trigger automated machine learning to automated pay runs, or
electronic channels or accounts payable recognize scanned or off-cycle payments.
supplier portals. matching. printed formats.
Automate invoice
approval based on
predefined business
rules. Handle exceptions
and manual approval on
any device.

Product Mix: Cloud ERP (Procurement, Risk Management,

Financials)
Popular KPIs: processing cost per purchase order, procurement
cycle time
Cloud Mobile Analytics Collaboration AI/ML
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Oracle Modern Best Practice
24B

Supplier Invoice to Payment

Manage Supplier Manage Audits, Manage Settle Liabilities

Invoices
Process electronically or
scan invoices with rule-
> Disputes, And Approvals
Match invoices to required
documents including purchase
> Prepayments
And Discounts
> Actively monitor and
process supplier and
statutory liabilities using
>
Optimize payment timing a secure interaction.
driven routing to automate orders, receipts, inspection and discounts based on
invoice processing. Use acceptance, and VMI Process electronic
business goals and payments, automated
spreadsheets to speed up consumption. Manage rules- supplier intelligence from
manual entry. driven approvals across any pay runs, or off-cycle
transaction history and payments.
device or desktop. Resolve real-time events. Manage
disputes and holds using a prepayments on any
role-based dashboard and devices. Automatically
secure social interaction. detect unusual or
fraudulent payments.

Review Daily
Activity
Review and analyze the
> Schedule Payables
Close
Stay on predetermined
day’s financial activity close schedule. Review
and monthly progress. payables register, trial
balance, and
reconciliation reports.
Close payables period.

Product Mix: Cloud ERP (Financials, Risk Management)

Popular KPI: no. of payments, invoice payment days, % discount
taken
Cloud Mobile Analytics Collaboration AI/ML
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Oracle Modern Best Practice
24B

Supplier Return to Settlement

Request RMA Prepare Material For Load Material Ship Material

Contact supplier to
authorize return. Enter
return shipment and
> Shipment
Consolidate and pack
material to be returned for
> Load prepared material
to the dock for shipment.
Enable real-time tracking
> Ship material to be
returned and notify
supplier electronically.
>
record return credit. Use IoT devices to with IoT devices. Communicate shipment
merchandise track material status. location and status using
authorization (RMA) IoT devices.
information.

Receive Material –
Supplier (optional)
Receive replacement
> Record Returns
Transactions
Settle outstanding
materials from supplier balance with supplier.
to inventory or specified Record returns for
location. supplier performance
analysis.

Product Mix: Cloud ERP (Procurement)

Popular KPIs: return amount, no of return transactions
Cloud Mobile Analytics Collaboration Internet
of Things
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 Oracle Modern Best Practice 24D

Production Order to Cost Update

Manage Work Orders Issue Material Perform Work Operations Complete Work Orders

Automatically create work orders from Reserve needed parts and move them to Record required details such as duration, Record completion of work orders and
sale orders and planning results. Get the shop floor. Expedite material material usage, and incurred scraps on other production tasks using sensors or
alerts for potential issues, such as movements and lot or serial number any device. Get notifications on operation streamlined UI optimized for mobile
equipment failure. Review suggested recording with sensors or manual entry anomalies and suggestions on course of devices.
actions. Manage production, monitor on any mobile device. action. Resolve production issues
progress, and review performance on through social collaboration
any device.

Record Material Consumption Update and Analyze Costs

19
Automatically back flush non-tracking Automatically post consumed material,
materials. Record lot/serial numbers on labor, and other resources for actual
any device if not done during issue. cost-based items. Analyze production
costs to ensure profitability.

Product Mix: SCM Manufacturing

Key Metrics: Planned Production Attainment; Operation Yield %; Throughput; Manufacturing
Effectiveness Cloud Mobile Analytics Collaboration AI/ML

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Modern Best Practice for Project Management
Oracle Modern Best Practice
24B

Resource Analysis to Utilization

Review Project Analyze Resource Find and Evaluate Compare and

Talent
Leverage HR data, such as
skills and competencies,
> Demand
Compare resource capacity
with demand to identify
> Candidates
Identify candidates
through resume-based
> Shortlist Candidates
Use what-if scenarios
and side-by-side
>
to analyze global project surplus and shortfall. searches from available comparisons to create
resource pools for talent Standardize and streamline internal and external shortlists of the best
availability, cost, and resource requests. staff. candidates for the
skillset fit. project.

Assign Resources
Assign the best-fit
resources to the project
> Maximize Utilization
Analyze projected,
targeted, and actual
> Nurture Project
Talent
Align project
per skillset and utilization. Take insight- assignments with team
availability. Adjust as based action to optimize member career goals
needed per changes to resource staffing. and development
scope and priority. interests to maintain high
morale and low turnover.

Product Mix: Cloud ERP (Project Management)

Popular KPIs: % resource utilization, training/research person-
hour needed for project
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Oracle Modern Best Practice
24B

Project Methodology to Delivery

Establish Project Execute Tasks and Create Project Monitor Progress

Methodology
Select the best
methodology for
> Deliverables
Collaborate on project
tasks, daily work,
> Forecasts
Generate forecasts from
project progress or
> and Analyze Trends
Understand project
health and performance
>
executing the project deliverables, documents, contracts to estimate trends to optimize
whether traditional and milestones. Manage delivery dates and efficiency and spot
waterfall, Agile, or hybrid. and execute work socially compare to plans. potential issues.
and on the go.

Predict and Avoid

Issues
Leverage analytics to
> Deliver and
Communicate
Complete execution of
predict project issues project deliverables.
before they occur and Communicate launch to
make proactive customers, stakeholders,
adjustments to avoid and team members.
setbacks.

Product Mix: Cloud ERP (Project Management)

Popular KPIs: % milestones completed on time, no. of schedule
adjustments
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Oracle Modern Best Practice
24B

Task Detail to Plan Adjustment

Clarify Tasks and Collaborate on Tasks Elevate Obstacles Achieve Team

Milestones
Provide each team
member with clearly
> To achieve the most
valuable and efficient
outcomes for each task,
> and Dependencies
Notify stakeholders as
obstacles and
> Consensus
Gain consensus through
team collaboration on
>
defined and personalized empower and encourage dependencies impact project health, status,
tasks, requirements, and team members to seek progress. Collaborate to and strategy.
milestones, available input from each other. ensure issues are
through individualized resolved.
dashboards.

Communicate
Bottom-Up Direction
Provide bottom-up
> Adjust Project Plan
As warranted, adjust
project plan to
strategic guidance to accommodate updates to
project stakeholders and tasks, milestones, and
executives. Support plans deliverables.
or suggest adjustments.

Product Mix: Cloud ERP (Project Management)

Popular KPIs: no of change requests, planned vs. actual schedule
Cloud Mobile Analytics Collaboration
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Oracle Modern Best Practice
24B

Project Costs to Accounting

Capture Project Analyze Financial Adjust to Budget Distribute Overhead

Costs
Use transaction and
budgetary controls to
> Trends
Compare budgets to actual
costs. Analyze account
> Changes
If budget changes occur
mid-project, analyze
> Costs
Apply the buildup of
indirect costs to
>
standardize and activity and reconcile options and make expenditure items to
automate cost collection balances. Perform online adjustments to increase report and account for
for all project-related adjustments to recalculate or decrease project total project costs.
expenditures. Record or transfer costs. spend as needed.
billable, capital, or
internal project costs.

Record Accounting
for Project Costs
Generate and post
> Record Capital Asset
Costs (optional)
If applicable, record capital
> Allocate Project
Costs (optional)
If or when the project
enterprise-level asset costs for the project benefited from the costs,
accounting entries for and calculate simple or allocate overhead costs,
costs, adjustments, compound capital interest. such as salaries and
allocations, and accruals. administrative overhead.

Product Mix: Cloud ERP (Project Management, Financials)

Popular KPIs: budget variance, planned value, cost performance
index
Cloud Mobile Analytics Collaboration
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Oracle Modern Best Practice
24B

Project Contract Billing to Revenue Recognition

Manage Project Manage Invoicing Recognize Revenue Monitor Project

Contracts
Streamline the contract
authoring process using
> Automatically generate
internal or external invoices
for performed service
> Independent of billing
activities, generate
external, intercompany,
> Contract Performance
Compare budget and
contract terms with actual
>
according to contract terms. or interproject revenue
templates. Associate distribution in line with costs and trends to
projects to contracts and Manage invoicing activities, determine current and
resolve exceptions, and financial regulations.
apply negotiated billing Perform revenue trend forecasted profit margin or
terms. Set revenue review pro forma invoices loss. Amend contract if
with tax calculation on a analysis based on real-
recognition rules. time progress. needed. Automatically
Automatically route centralized work area reflect new contract terms
contracts for review and before transferring to on applicable transactions
approval based on receivables. based on effective dates.
business policies.

Product Mix: Cloud ERP (Project Management, Financials)

Popular KPIs: time to invoice, invoice cycle time, project revenue
reporting time
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Oracle Modern Best Practice
24B

Capital Project to Asset

Initiate Capital Project Set Control Budget Set Allocation Rules Capture Costs
Create capital projects to
capture the costs of
building, installing, or
> Enforce expenditure
compliance for sponsored
and nonsponsored project
> Set grouping rules to sum
up cost transactions to a
specific asset and
> Execute capital projects.
Gain a full view of project
expenditures by recording
>
acquiring capital assets. Set transactions with a allocation rules to both capitalizable and
rules to determine centralized budgetary distribute common expensed costs from time
capitalizable costs at the control. Set control level, expenditures among and labor, procurement,
task and project level. track and report spending, associated assets. and financials, such as
and manage exceptions capitalized interest. Review
using dashboards. cost entries, make
adjustments, and manage
project costs on
dashboards.

Generate
Determine
Capitalization Value
Automatically derive
> Capitalize Asset
Based on the nature of the
business, determine the
> Accounting Entries
Automatically create
transfer schedule of CIP accounting entries for
construction-in-process CIP costs and capitalized
(CIP) asset values over the assets to fixed assets.
Choose to do this assets.
project duration based on
expenditure grouping and periodically, using a
allocation rules. phased approach, or upon
project completion.
Automate periodic
transfers. Review and
adjust capital project costs
on dashboards.

Product Mix: Cloud ERP (Financials, Project Portfolio

Management)
>Popular KPIs: duration to process project costs, duration to
capitalize CIP assets
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 Modern Best Practice for HR and Payroll

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Oracle Modern Best Practice
24B

Employee Insight to Work-Life Alignment

Design outreach Set personal goals and Manage wellness Measure reputation
initiatives
Create talent and wellness
initiatives that align with
> connect with mentors
Leverage key insights to identify
and set goals in alignment with
> progress
Track, measure, and
evaluate trends and
> Optimize social presence
and reach by measuring
level of influence, impact,
>
the company’s mission. generosity and activity on
Promote programs to personal and career aspirations patterns of wellness
as well as organizational activities using dynamic initiatives and performance
leadership and staff to via input from internal
generate awareness and initiatives. Determine steps for tools, including wearables
attainment (e.g. classes, and smart phone apps, to and/or external sources
interest. including Oracle Social
seminars, volunteering, achieve goal success.
mentorships). Network, Twitter,
Facebook, Slack and survey
tools.

Identify development
opportunities
Blend talent, reputation,
> Join volunteer
opportunities
Engage in internally crowd-
> Receive kudos,
rewards, and
recognition
and participation data to sourced volunteer projects Receive acknowledgment
gain insight into employee and organization of goal attainment and
effectiveness and adjust sponsored community progress that promotes
development plans and outreach programs that work-life alignment and
talent profiles as needed. improve company public cultivates workforce
Discover hidden skills and image, are of interest and engagement in mission-
identify potential staff foster targeted career supportive HR concepts
redeployments to fulfill development for such as career mobility.
project gaps. employees.

Product Mix: HCM Cloud

Popular KPIs: Percentage of Vacation Days Used, Employee Satisfaction
Index,
Cloud Mobile Analytics Collaboration Internet AI/ML Big Data
of Things
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Oracle Modern Best Practice
24B

Benefits to Payroll

Define benefits programs Process enrollment Administer employee

Define plans and eligibility and assess likely
cost. Reuse plan elements across organization
as needed.
> Schedule annual/periodic enrollments
for employee population(s). Process
life events and on-demand requests.
> benefits
Prepare plans and manage >
employee self-service
enrollments.

Notify providers
Submit employee benefit enrollment
information to 3rd party benefit providers.
> Automate post to payroll
Automate processing to payroll for the
designated pay run.

Product Mix: HCM Cloud

Popular KPIs:, Salary Competitiveness Ratio, Cost/Employee, HR-to-
AI/ML
FTE Ratio
Cloud Mobile Analytics Collaboration Big Data
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Oracle Modern Best Practice
24B

Payroll to Payment

Manage and monitor payroll Rules-based validation Schedule and distribute

processes
Proactively monitor global payroll status and
> Data-driven verification of earnings,
hours, local taxes and deductions. > payments
Generate and distribute >
processes via interactive dashboards. employee payments
background checks.

Finalize payroll reporting

Generate and securely share payroll reports
and synchronize with general ledger.
> Tax and social compliance
Determine tax liabilities, prepare
tax filings and deposits.
> Maintain personal profile
Secure employee access to profile
information, pay slips, etc..

Product Mix: HCM Cloud

Popular KPIs: Cycle Time To Process Payroll, Ratio of Salary
AI/ML
Competitiveness, % of Cost of Workforce
Cloud Mobile Analytics Collaboration Big Data
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Oracle Modern Best Practice
24B

Employee Separation to Workforce Analysis

Process employee separation Perform exit interview Finalize compensation pay

Complete employee separation process,
incorporating country-specific regulations. > Gain insight as to why the employee
decided to leave if applicable and
discuss off-boarding matters using a
> out
Automate processing and prorate >
pay due upon termination.
checklis.t

Post to payroll
Automatically post final pay to payroll, with
verification and adjustments for scheduled
> Analyze workforce trends
Predict future workforce
movement and prevent attrition by
or off-cycle payroll runs. analyzing turnover factors using a
variety of data such as region, job,
department, and geography, and from
exit interviews.

Product Mix: HCM Cloud

Popular KPIs: Average Tenure, Retirement Rate, Attrition Rate,
AI/ML
Diversity Rate, Number of Contractors, Voluntary Termination Rate,
Cloud Mobile Analytics Collaboration Big Data
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 Modern Best Practice for Workforce
Management

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Oracle Modern Best Practice
24B

Absence Planning to Continuity

Define absence and leave plans Create absence rules Enable employee
Ensure compliance to regulations and
corporate policies using insight-driven
definitions of absence and leave plans, types
> and controls
Configure different absence and
> self-service
Optimize employee absence >
entitlement criteria, eligibility rules, entry through self-service dialogs
and categories. and accrual definitions. and enter absence types,
accessible across any mobile
device.

Track absence balances

Calculate balances during the year to provide
accurate information on leave balances for
> Monitor absence trends
and analysis
Analyze absence trends to provide
both employees and management. organizational continuity guidance.

Product Mix: HCM Cloud

AI/ML
Popular KPIs: Rate of Absenteeism,
Cloud Mobile Analytics Collaboration
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Oracle Modern Best Practice
24B

Time Collection to Payroll

Time collection Monitor time entries Perform time calculation

Capture time through various online methods
or collection devices. > Monitor time entries, statuses and
processes via different calendar
views.
> Execute rule-based time
processing and calculation such
as overtime, shift differentials
>
and other premiums.

Approve time
Manage approval of time entered by
individuals or groups. Approve everything or
> Transfer time to various
consumers
Transfer time to payroll, projects, or
only exceptions. any third-party application as
appropriate.

Product Mix: HCM Cloud

Popular KPIs: Cycle Time To Resolve Payroll Errors, Rate of
AI/ML
Absenteeism, Rate of Approvals, % of Vacation Days Used
Cloud Mobile Analytics Collaboration Big Data
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