What Is HRMS?
“HRMS” stands for Human Resources Management System. It refers to a suite of software that organizations use to manage internal HR functions. From employee data management to payroll, recruitment, benefits, training, talent management, employee engagement, and employee attendance, HRMS software helps HR professionals manage the modern workforce. Also called a human resources information system (HRIS), HRMS systems put information about a company’s most valuable assets in front of the people who need them. Yesterday’s HR software and HRIS systems have become today’s human capital management cloud solutions.
HRMS Cloud Transformation
Given the importance of HR to keeping the organization running efficiently and effectively both now and in the future—and with tools and data to help them make the right decisions and demonstrate value—HR professionals have become some of the most vital people in the C-suite. With a deeper understanding of cloud and digital technology, they can make significant contributions today to create and maintain a productive workplace tomorrow using human resources management systems in the cloud.
To align with the business, HR must modernize and transform. To be an agent of change, HR needs to choose the right HRMS in the cloud to manage the entire employee lifecycle. With disparate, on-premises solutions, core HR functions such as payroll and benefits are processed in separate HRM systems that aren’t integrated with those used for talent management, workforce optimization, and learning. This disconnect hinders ease of use, diminishes the user experience, and makes data difficult to analyze to obtain valuable insights.
Vital talent management efforts are hampered by a lack of integrated information across all HRMS systems. And HR activities are carried out less efficiently and with less insight than they could be if a single system of record and a cloud-based deployment model were in place.
Therefore, HR organizations that are still using disparate solutions are missing out on the very benefits that could prove their strategic worth to the enterprise, including the following:
Reduced HR costs
While HR has traditionally relied on IT to maintain their on-premises HR systems, mature, cloud-based HR solutions are changing that. Cloud-based HRM solutions are easy to configure and adapt over time, giving control back to HR while significantly reducing the number of employees needed to deploy, manage, and support them.
Rapid HR innovation
For an on-premises HRMS, any upgrade is a major upgrade—one that requires significant time and expense to implement across multiple machines. In contrast, the cloud offers huge reductions in deployment times and easy, instant access to updates and innovation. As a result, your organization reaps the benefits much more quickly
Engaged employees
The best HR solutions are the ones that employees, managers, and HR staff use in equal number and with equal success. That means cloud-based human capital management (HCM) systems. HCM is revolutionizing workforce management processes with unified employee experiences, connect-anywhere capabilities, and role-based functionality for the entire team.
Learn More about Human Resource Management Systems
10 Reasons Customers Move from On-Premises HRMS to HCM Cloud
1. Personal and Modern User Experience (UX)
Human Capital Management solutions in the cloud combine simplicity and intelligence to make work more personalized. Not just user-friendly, modern HR software understands employee interests to tailor areas—profile, learning, mentors, and roles—to evolve over time.
2. Adaptable and Extensible Architecture
A human resources cloud platform that delivers an adaptable and flexible solution to meet ever-changing business practices, regulations, and environments ensures a business’ ability to stay agile and connected.
3. Intelligent Application
Our Cloud HCM uses an AI-first approach. This means data science and advanced machine learning are combined to help HR professionals and employees to hire smarter, work smarter, engage smarter, and adapt smarter. By improving talent management, businesses can provide complete workforce insights and increase operational efficiency.
4. Complete Human Capital Management Cloud
Organizations can run their business with a single HR technology partner. With the complete HCM Cloud solution, you can manage the entire employee lifecycle, integrate with key lines of business—including finance and sales—and gain speed, security, and innovation through the Oracle infrastructure foundation.
5. HRMS Business Value
Customers can easily upgrade to our powerful HR cloud software to drive greater business value through elegant user engagement, streamlined processes, increased productivity, and lower cost of ownership.
6. Human Resources Cloud Powerhouse
HRMS Innovation is the biggest benefit of moving your systems to the cloud. Create and establish tomorrow’s HR platform, today through key emerging technologies, including AI, chatbots, blockchain, and the Internet of Things (IoT).
7. Data Security and Privacy Controls
By moving your HRMS to the Cloud, organizations get multilayered security features, data encryption by default, and state-of-the-art data centers. Our HR cloud platform offers identity and security management, scalability, availability, and performance by running on our best-in-class Cloud Infrastructure.
8. An Engaged and Vibrant HR Community
Our HR community, more than 30,000 strong, meets online and face-to-face to share best practices, troubleshoot problems, and advance their HR careers.
9. Proven Customer Success
At each step of your cloud journey, our partners can with assist you to ensure your HR project’s success. New Oracle customers have access to an implementation success manager, on-demand education, as well as success planning tools. We offer around-the-clock customer service across 145 countries worldwide to help you maximize the value of your investment.
10. Global Reach and Capabilities
To support the worldwide economy, our global HR solution is designed at the core to meet both corporate and regional needs for more than 200 localities and 25 languages.
HRMS Software-Make your people moments matter
Workforce Management solutions, part of our Cloud HCM, helps transform HR transactions into meaningful employee experiences and shape the future of an organization's workforce for tomorrow, today.
Human Resource Management Systems
HR leaders are moving to a cloud-based HRMS for the benefits they can reap such as those found in our Cloud HCM. Oracle's HRMS Solution:
- Delivers superior employee experiences by helping people to engage continuously and be productive
- Aligns a company’s people strategy to support its evolving business strategy, adjusting to the ever-accelerating changes in the business landscape
- Creates a culture of innovation by keeping up with emerging technologies—such as AI, machine learning, chatbots, blockchain—while staying ahead of the competition
Future of human resources management system
The 21st-century economy is full of emerging technologies to explore. Successful organizations are leveraging innovative human resources systems so they can take care of their employees, who can then take care of their customers. Adaptive intelligence and machine learning augment what has not been humanly possible before; they are the underlying drivers to creating a smarter and more enjoyable employee experience.
Today, HR organizations have access to new innovative technology and real-life HRMS cloud solutions to drive business value.