ERPTREE ORACLE-FUSION-FINANCIALS-IMPLEMENTATION-PROJECTS

Oracle Fusion Financial is a huge application based solution which cater the diversified need of corporate houses. In this module users get multiple authorities to manage and monitor projects. Here we will talk about the creation and management of the projects.

User can create the project as per the need. The maintenance will be done in the Fusion system only. Usually an implementation project is the group of set up tasks which need to be performed in setting up new options in the system. First step is to create the tasks and then the same project is managed by the business units through the life cycle. The proceeding will be tracked from a central location.

The organization may come up with projects related to Human Capital Management or Supply Chain Management or any other segment. The specifications will be set by the top management and the tasks will be assigned. Different projects will get different management methods. There may be a case where multiple projects are created within the same department.

Here are the steps to create an Implementation project:

1.      Select the Manage Implementation Projects.

2.      Click on Create for new project.

3.      Fill out the basic details like start date, owner, unit etc.

4.      Select the offering in the project. Here user needs to explain the detail of the outcome of the projects. All stakeholders must be informed before creating the project. Save it and open the project.

5.      After this the new project will be displayed on the screen with its full details.

This is a feature which enables the organization to assign the work to different business units for better results. One can make proper strategies in assigning these projects to the manager on the basis of their strength and weaknesses. Right implementation of the projects will depend on the selection criteria set by the organization.

ERPTREE Oracle Fusion Human Capital Management Employment Model

Employment Model terms as a new concept introduced in Oracle Fusion HCM Application. It is built to support simple or difficult global work relationships. In Oracle E-Business Suite, if the user has global work relationship in two various Legal Entities, then the assignment record has to be managed in two places. Because Fusion HCM is global, it is created only once even though an employee is working in different Legal Entities. The global person is a better improvement for multinational enterprises and the employment models make sure employees can be entered into the system reflecting their employment in the organization. 

The benefit of using Employment Model manages a working relationship with multiple legal employers, assignments, or single contractual agreements with great flexibility and ease. You can enter the information only once using employment terms is efficient and promotes consistency among related assignments. You have the alternative to limit or avoid changes made directly to the assignment level.

While configuring the Employment Model, if your enterprise has prevented supersede at the assignment level, then you cannot edit any of the assignment information that was inherited from the employment model. Instead, you can edit the employment term and all associated assignments inherit the change you made in the Employment Terms. This restriction of editing assignment only applies to the information that inherits from the Employment Terms. If you don’t enter employees working hours in the Employment Terms, you can enter other values for each assignment associated with this Employment Terms.

The two types of Employment Model are Three-Tier and Two-Tier model.

Three-Tier Employment Model comprises of relationships, employment terms, and assignment entities. Users can include contract details in employment terms.

Two-Tier Employment Model comprises relationships and assignment entities. Employment terms occur in the three-tier employment model only. 

ERPTREE Co-Existence Architecture of Oracle Fusion HCM Talent Management

Allowing the organizations to increase immediate business value through rapid distribution, Fusion Applications can be deployed in a co-existence model with existing Enterprise Resource Planning systems. Taking advantage of fusion’s role-based user experience, built-in collaboration, and innovative features, customers can simply turn on Fusion HCM Talent Management. With delivered integration to PeopleSoft and EBS, Oracle provides an out of the box solution to meet the requirements of today’s talent focused enterprise. In addition, organizations can arrange integrations to other versions of HCM software or other third-party human resource systems of record through the use of standard-based tools.

How Does It Work?

PeopleSoft, JD Edwards and E-Business Suite of HCM customers can connect their core human resource system of record with the Fusion Talent Management by synchronizing multiple data elements as profile history, job records, people records, and compensation information.

Co-Existence Architecture of Talent Management application, your core HCM system will continue to be the system of record for core employee details such as name, address, and setup data such as firm structure, job codes, and position. Profile management related data like licenses, competencies, and certificates will be migrated to Oracle Fusion HCM Talent Management which will then become the system of record for all profile related data. Fusion Talent Management will also be utilized for performance management, performing goal management, talent review, and compensation management.

Oracle Data Integrator and Batch Loader synchronize the data from core HCM system into Fusion Talent Management. Improved data refreshes are run periodically and according to your plan to ensure data integrity between core HCM system and Fusion Talent Management. After the completion of compensation management activities within Oracle Fusion HCM Talent Management, the finalized compensation elements for the individual employee will be synchronized back to your core HCM system.

For More Information Please follow this link: Oracle Fusion HCM Training