The Benefits of PeopleSoft HCM vs. Cloud HCM
If you’re running PeopleSoft HCM, then you know how advantageous it can be for your business. With over 25 years of functionality, PeopleSoft HCM is a system that you know, and that knows your data. There’s a bright future for PeopleSoft HCM, as indicated by the roadmap of forward-thinking conversational interfaces and modernization features, and Oracle has extended support it until 2034, but what happens after that? You may be considering a move to Oracle Cloud HCM, but before you do, you may be interested in comparing PeopleSoft HCM vs Cloud HCM and identifying what the Oracle Cloud can do that the on-prem solution cannot.
Do You Really Need a Modern UX?
One of the reasons organizations are moving part, or all, of their operations to Oracle Cloud HCM is to keep up with the pace of innovation. When PeopleSoft hit the market a generation ago, it was designed for back-office personnel. Today’s end users crave a different experience than the dated on-prem approach. They’re looking for a modern user experience—one that keeps up the technology they’ve been leveraging outside of the office for years. When you’re comparing PeopleSoft to Cloud, Cloud delivers a modern user experience as described in Oracle’s 5 Ways Your On-Premises System is Holding You Back, “Oracle Cloud HCM offers a consumer-grade user experience that’s modern, intuitive, and hyper-personalized for today’s workforce. With a mobile-responsive design, the navigation is seamless across all devices making it easy to understand for any user—just like consumer technologies.”
While the UX updates described may sound like an optional approach to doing business, HR trends suggest they’re of necessity in attracting and retaining talent. Young professionals entering the job market don’t just hope for a modern user experience at their place of work—they insist on it.
The organizations that refuse to modernize their systems are missing out on the top talent while simultaneously struggling to retain their best employees. In contrast, organizations leveraging Oracle Cloud HCM—especially Talent Management—are gaining an upper hand with features such as Talent Review & Succession Management. To read more about these features check out the following article: Cloud HCM Talent Management Features.
Additionally, managing payroll in the Cloud has new features such as the Anytime Pay feature of payroll management, which offers on-demand pay options. For an in-depth look at how PeopleSoft compares to Cloud HCM, considering reading more here: Payroll in the Cloud vs. PeopleSoft – Key Differences.
What Technology is Waiting in the Cloud?
When it comes to comparing technology in PeopleSoft to Cloud HCM, the Oracle Cloud takes an AI-first approach, by combining data and advanced machine learning to continuously improve talent management, provide workforce insights, and increase operational efficiency. By leveraging Cloud technology, you’ll become aware of employees at risk of leaving, employees suited for promotions or lateral moves, and the best internal and external candidates for open positions. After Schneider Electric’s move to the Cloud, they saw a 10% increase in internal hires and 100% automation in social recruiting.
Skills are the currency of the new labor market, and your users can grow theirs with Dynamic Skills available in Talent Management. Not only does the Dynamic Skills feature connect the employee with AI-determined recommendations for developing skills, gigs to practice new skills, and career ambassadors, but it also tracks their performance and updates the talent profile for the betterment of the entire organization.
Furthermore, the Cloud offers digital, sovereign credentials—a must in today’s business environment.
Oracle has invested $6 billion in research and development, and Cloud customers are benefitting from the results through AI, digital assistants and IoT. Data security and privacy has never been more important, and the multilayered security with data encryption and state-of-the-art data centers takes the pressure off you to provide security.
The Cloud platform has you covered, running a best-in-class Cloud infrastructure with unified identity and security management. Plus, global capabilities empower your organization to leverage the Cloud in 200+ jurisdictions and 25+ languages.
Are You Too Customized to Move to the Cloud?
For several PeopleSoft customers considering a move to the Cloud, it all comes down to customizations. Their organization has invested heavily in customizing their solution to meet their unique needs, and they fear losing some of that functionality when they compare PeopleSoft HCM to Cloud HCM.
It’s true that Oracle Cloud HCM does not support customizations. Innovators at Oracle Cloud HCM recognized the value of customizations, but they also identified the high cost to managing and maintaining them. As a result, the Cloud platform delivers tailoring solutions without the headache. Cloud customers have the freedom to innovate and upgrade without having to worry about how the upgrade will affect their customizations.
One highly customized PeopleSoft customer, Marriott, made the move to the Cloud and found Cloud extensibility features to meet their unique internal needs and represented worker union requirements. They applied a tailored approach with little to no pain points.
Another example of a PeopleSoft customer that faced a high degree of personalization is MetLife. When MetLife made the choice to leverage the Cloud—after 22 years of PeopleSoft—they were pleasantly surprised at the amount of flexibility provided by the Cloud environment. They were able to leverage the Cloud features they chose to invest in while keeping highly personalized PeopleSoft functions right where they’ve always been. For more information about MetLife and other companies’ moves to the Cloud, check out Oracle’s Moving from PeopleSoft to Cloud HCM page.
If you allow your customizations to keep you gridlocked to an on-prem solution, they may be costing you much more than you realize.
At a recent presentation, PeopleSoft representatives explained their belief that all enterprise applications will eventually be delivered via Cloud. The sooner customers make the shift, the more prepared they will be for the future.
What are Cloud Customers Saying?
If your hesitation in moving to the Cloud is based on the amount of time and work that will go into the actual transition, that is understandable.
However, customers are seeing remarkable results:
- “We can upgrade and make changes in one place without having to repeat changes everywhere [in each country]. The flexibility and configurability of Oracle was a key decision in why we went with Oracle Cloud HCM.” – Regional Direction of Compensation and Benefits, AXA
- “Upgrades to our Oracle Cloud apps have been great. We have gone away from those million-dollar upgrades with an insane amount of time and resources committed to an end we weren’t sure of. It’s been a lot easier—and it’s really been agile.” – HR Delivery Manager, Citizens Bank
- “It’s a digital world and we knew we belonged in the Cloud. On top of this, we need to go fast, so it’s good to have a big company like Oracle with a lot of people who can deliver their own products for our benefit.” – Global HR Services Director, Schneider Electric
- “What really helped Oracle stand out head and shoulders above everything else is that this is their bread and butter. The analytic capabilities, the information, the visualizations, make it easy to engage in transformational change of how we do business.” – Brett Dalton, Chief Business Officer, Baylor University
How Can We Help?
For more resources about a potential move to the Oracle Cloud and other content comparing PeopleSoft to Cloud HCM check out the Move to Cloud page in the Quest Content library.