Although human capital management software is not always considered cutting edge, cloud-based software is creating new innovations. HR departments are benefiting from new and exciting developments. The hospital HR departments that have already implemented Oracle’s cloud-based PeopleSoft Human Capital Management are reaping the benefits of cost savings, ease of use, and enhanced innovation. Oracle recently completed a large portion of its data center investments, creating more computing capacity for customers. Oracle is releasing its fiscal 2016 second quarter earnings on December 16th (they follow a June-May fiscal year). Cloud revenue growth is expected to rise substantially over last year, “Software-as-a-Service and Platform-as-a-Service bookings grew by 165%”. This is indicative of the continued growth of cloud-based software. PeopleSoft HCM is suitable for hospitals of all sizes. Research shows that overall, midsize companies have been moving to cloud HCM more quickly than larger companies. Stacey Harris, VP, Research and Analytics for Sierra-Cedar saysthat, “Companies with fewer than 2,500 employees, 61% have their core HCM management system in the cloud, 43% percent of companies with 2,500-10,000 employees and 33 percent of companies with 10,000 or more employees use cloud-based HCM.” We are seeing the larger companies move over to HCM more frequently as advances in the software continue to offer advantages over traditional systems. Oracle does still offer some HCM applications on-site to new buyers, but many of the newest innovations are available through the cloud-based software. HCM vendors release updates more often in the cloud. Oracle is able to streamline releases and offer best practices more quickly. Advances are being seen in all areas of HR ranging from talent management, workforce management, analytics and recruiting. As we continue to see growth in cloud-based HCM software we can expect new possibilities and more applications that empower the user, and easily adapt in a changing marketplace. There is no better partner than Belmero to help your hospital implement PeopleSoft and get it working at its fullest potential to meet your specific needs. You will find that PeopleSoft is used in a variety of applications and can be customized to create innovative solutions for your hospital.Contact us today to find out more.
Share this Post