There is no doubt that Oracle is committed to continuous innovation. They release quarterly updates across various modules, such as HCM, financials, and SCM. In the HCM module, the Oracle HCM 24A release brings several features and enhancements to empower HR professionals, streamline various processes, and improve overall employee experience. Let’s delve into the specifics of what’s new in Oracle Cloud 24A across various HCM modules.
Table of Contents
Understanding Oracle HCM Cloud Updates
Oracle HCM Cloud applications receive two primary types of patches – Release Updates (24A, 24B, 24C, and 24D) and Optional Monthly Maintenance Packs. Users must identify their specific Release Update in the Cloud Portal.
Unveiling Feature Highlights
Applications Security
Innovative security measures allow the definition of element security profiles on the Data Role and Security Profiles page. This empowers organizations to restrict access to specific elements based on their unique organizational needs. Oracle HCM 24A release prevents scheduling errors in specific ESS processes, ensuring smooth operations.
HCM Extract
The extraction process receives a facelift with the introduction of a streamlined Simplified page, replacing the Professional page. This enhances the efficiency of creating, editing, and maintaining extracts. Date effectiveness in extract definitions is deprecated, and native extract delivery options change.
HCM Data Loader
Dive into new business objects and enhanced attributes across modules. Configuration options for business object post processes provide flexibility and efficiency. Seamless integration allows Payroll flow tasks to be submitted to the HCM Data Loader effortlessly.
HCM Spreadsheet Data Loader
Enjoy a list of values supported for specific business objects, improving user interaction and data entry efficiency.
Important Actions and Considerations
Keeping pace with advancements, certain features undergo replacement or removal. Users are encouraged to adopt newer versions for optimal functionality.
What Is New in Oracle HCM 24A for Global Human Resources?
Journey App Enhancements
HR professionals can edit assigned journey tasks directly from the My Tasks tab, set expiry durations for tasks, and seamlessly integrate journey templates into Oracle Grow. Additionally, the ability to create Learn Enrollment and Learn Community tasks within the app enhances the experience for employees.
Redwood Experience Integration
One of the most significant additions is the integration of the Redwood experience with VBS-developed pages. This includes enhancements to Document Types and Records, Assignment Changes, Mass Downloads, and new Redwood Processes. The introduction of features like filters for mass downloads, position overrides, and the “My Spotlight” page consolidating employment details further refine the user experience.
Upcoming Changes
It’s important to note upcoming changes after the Oracle HCM 24A release, such as the removal of personal info-sharing access in update 24B and the replacement of Checklists and Onboarding tasks in “Journeys” with update 24D.
Oracle HCM 24A Release for Compensation and Talent Management
Integration with Global HR
Oracle HCM 24A release enhances the integration between compensation & talent management and Global HR. This allows the workforce compensation module to utilize standard working hours from Global HR, contributing to a more cohesive and accurate compensation process.
Redwood Experience Revamp
The Redwood experience receives a substantial revamp with recreated pages for compensation, talent management, succession management, goal management, and performance management. This unified approach enhances the overall user experience and provides a more intuitive platform for managing talent and rewards.
AI-Assisted Features
Oracle HCM 24A release introduces AI-assisted features across various functions. HR professionals can now benefit from AI assistance. They can define job profiles, write feedback, suggest successors, create goals and generate performance comments in Redwood. This can help streamline talent management processes.
Streamlined Evaluation Tasks
The evaluation process gets a facelift with streamlined tasks and feedback processes, thanks to redesigned pages in Redwood VBS. This ensures a more efficient and user-friendly performance evaluation experience.
What Is New in Oracle HCM 24A for Payroll?
Legislative Calculation Overrides
Oracle HCM 24A release introduces significant features in the Payroll module. Users can now override legislative calculation values, providing more flexibility in managing compensation processes.
Database Views for Information Retrieval
The addition of database views allows users to retrieve information more efficiently, contributing to a smoother and faster payroll process.
Selective Absence Entitlement Updates
HR professionals can now update selective absence entitlement records in Payroll, offering more granular control over leave entitlements.
HCM Data Roles Integration
Secure element access is ensured with HCM Data Roles, adding an extra layer of security to payroll processes.
Cost Distribution to Project Financial Management
Distributing payroll costs to Project Financial Management is now possible, enabling organizations to allocate expenses accurately.
Global Redwood Experience
Redesigned pages in the Redwood Experience across various global regions ensure a consistent and enhanced user experience for payroll processes globally.
Why Opkey for Validating Functionality?
Opkey is a no-code automation tool that helps businesses validate the new release in very little time with AI-enabled testing features. They come with thousands of pre-built software to reduce the testing time from days to hours. Additionally, Opkey reduces the testing efforts by 80% and its automation capabilities ensure that your business can experience the intended functionality. Opkey specializes in helping businesses keep updated with these updates, including the Oracle HCM 24A release. Get in touch with Opkey to keep your organization updated with these updates!
The Bottom Line!
This comprehensive overview highlights the diverse enhancements introduced in the Oracle HCM 24A release. It showcases Oracle’s commitment to providing innovative solutions for human capital management. HR professionals and organizations leveraging Oracle Cloud can explore these features to optimize their processes and elevate their workforce management capabilities.
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