Over the last two years, the pace of digital business transformation has accelerated to an unprecedented speed. The rise of the remote workforce and adoption of mobile technologies has created new complexities for Human Resources (HR) systems, resulting in challenges and innovation for companies across the globe. The speed of digital transformation is not expected to slow, leaving several companies running a highly customized on-premises Human Capital Management solution wondering if what’s worked in the past is performing adequately for the present. Furthermore, will their on-prem HCM solution support their future business goals?

These questions have led to greater interest in a shift to the Cloud. For PeopleSoft customers, a shift to Oracle Cloud HCM holds the promise of improved business agility, increased operational efficiency, a modern user experience, and measurable cost savings.

Peoplesoft to Oracle HCM Cloud Migration

The migration itself, though, can raise concerns for many companies, resulting in hesitation to leave their existing solutions. A recent PwC study found that cloud transformation is the third biggest human capital management (HCM) challenge for HR leaders. That said, companies who made the shift to the cloud reported that their organizations saved money (82%), increased productivity (86%), increased employee engagement (84%), improved data security (88%) and improved UX (87%).

Though the overall value of moving to the cloud is compelling, it can be difficult to gain organizational buy-in from senior leadership and technical and functional teams without laying out a strong business case. There must be clear advantages to Cloud migration for your organization to fully back the move, and their cash, resources, and time management is essential for a smooth transition. To the point, we’ve created the business case for you.

Identify the Business Problem

Digital transformation has driven humans to expect more from technology both in and outside the office. They expect modern workplace solutions that adapt to the needs of the user and offer a streamlined user experience. Unfortunately, on-premises HR systems simply do not have the capacity to adapt to a rapidly changing business world. Additionally, yesterday’s on-premises HR solutions are unable to keep up with Cloud capabilities when it comes to attracting, engaging, growing, and retaining talent. Legacy on-premises systems put your human resources at risk in a competitive talent marketplace and contain hurdles that Oracle Cloud HCM doesn’t face. With the removal of hurdles and the continuous addition of technology advances in the Cloud, Oracle Cloud HCM positions businesses better for the future of their teams and resources. To ensure you understand the differences between your on-prem solution and Oracle Cloud HCM be sure to read about The Five Key Differences Between On-Prem HR Solutions and Oracle Cloud HCM.

Benefits of Shifting to the Cloud

A top-level view of Oracle Cloud HCM shows a centralized solution that connects your entire enterprise. It creates space for your team to exist as part of a community, and each individual recognizes their specific value to the organization. When you migrate to Oracle Cloud HCM, you’re future-proofing teammate satisfaction, but you’re also introducing a new route to increased revenue and reduced costs. This is achieved by reduced reporting time, faster deployments, smoother upgrades, lower maintenance, and fewer customizations. Leveraging these capabilities empowers you to make faster, smarter decisions to increase success for the entire organization.

The Top 10 Reasons customers chose Oracle Cloud HCM are:

1. Tailored User Experience
2. Adaptable & Extensible
3. Complete HCM Cloud Solution
4. Complete Enterprise Solution
5. Improved Business Value
6. Dedication to Innovation
7. Data Security & Privacy
8. Vibrant HR Community
9. Customer Success
10. Global Capabilities

To read more about these 10 reasons, check out Oracle Cloud HCM’s eBook.

These benefits have been felt in varying degrees by numerous companies around the world, including LINX Cargo Care Group, Baylor University, Pella Corporation, and Ria Money Transfer. For more details on their successes, check out this blog post.

Risks of Peoplesoft to Oracle HCM Cloud Migration

While the short and long-term value of migrating to Oracle Cloud HCM has proven well worth it for several organizations, there are still certain risks to take into account. Mainly, there is the initial investment of cash and resources. You’ll need organizational buy-in from senior leadership, technical teams, and functional teams. You’ll also need to communicate realistic management expectations from the returns, both financial and otherwise. Does your organization have the cash and capacity to embrace this significant shift at this time, or should you plan to shift at a later date?

While the risks mentioned above must be considered, there’s a strong case to be made that remaining on a legacy on-prem solution is of even greater risk, as yesterday’s HR system invokes costs, complexities, and rigidities—reported by recent Garner studies—that will be removed by migrating to Oracle Cloud HCM.

Time Requirements to Move to Oracle Cloud HCM

Each organization’s migration to the Cloud is unique. You can pick the timeframe that works best based on your organization’s resources and capabilities. Faster is preferred for most companies, as greater speed induces lower costs. Emerson was able to go live in 44 countries in just 6 months. Pella Corporation also migrated in about 6 months with the help of an Oracle Cloud partner, Deloitte. The city of Tampa applied the practices of Oracle Soar to go live in 10 months. Cost savings of Oracle Cloud HCM occur almost instantly, meaning most companies who decide to make the shift are propelled by the opportunity to do so in the most advantageous way and attempt to move swiftly. Ultimately, the timeframe is up to you.

How to Migrate to Oracle Cloud HCM

Oracle created an 8-step guidebook on moving your legacy on-prem HR solutions to Oracle Cloud HCM. In this guidebook, you’ll find a proven approach for migrating to the Cloud. You’ll also find info on Oracle Soar, a service that automates upgrading to the Cloud with reduced migration and costs of up to 30%, accelerated innovation and growth, strategic IT investments, and fortified security and compliance.

Each page of the Oracle Cloud HCM Guidebook will give you a more granular look at the steps involved than this document, but these are the key strategic steps to migration:

1. Know why you’re moving to the Cloud
2. Inventory your talent & assets
3. Catalog your customizations
4. Rethink your customization strategy
5. Prepare a project plan
6. Start with the foundation & build incrementally
7. Embrace services-based integration
8. Start change management & user acceptance early

You’ll want to pay special attention to the communication and collaboration aspects of migrating to the Cloud. These are critical to your success and should be viewed as such.

Organizational Value of Moving to Oracle Cloud HCM

When you shift your on-prem HCM solution to the Cloud, you’re replacing the dead weight of a legacy system and highly customized environment with an alive and adaptable, extensible HCM could solution.

The shift positions you to easily upgrade at the modern pace of digital transformation. You’ll be able to adopt innovation swiftly, retaining and attracting the top talent for your organization. Tailored user experiences demonstrate that your employees are valuable to the organization, and a centralized system keeps every person and process on the same page.

By moving to the Cloud, you’ll free up your IT team to focus on organizational priorities instead of customizing and coding, and your HR processing time will rocket. When Stolt-Nielsen leveraged the HCM cloud application, they reduced average HR processing time by 50% and external IT support staff by 80%.

Macy’s funneled their 63 separate HR systems down to a single cloud platform and applied a new self-service capability that led to 97,000 transactions. Their elevated Oracle Cloud HCM solution can process 1 million lines of payroll data per hour with SaaS and SaaS integration. To learn more about how Macy’s upgraded their HR system with Oracle Cloud HCM, read their customer story.

The customer success stories being recorded are both consistent and significant. These companies haven’t just improved their business processes—they’ve created a future of exponential savings and technological innovation.

By migrating to Oracle Cloud HCM, you can move from a legacy on-prem system of the past to an HR solution that future-proofs your business and strategically connects every human resources process and person across your entire enterprise.