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Leading Asian cos choose Oracle HCM solns

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CIOL Bureau
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BANGALORE: Oracle Asia Pacific announced that companies across Asia Pacific are increasingly adopting Oracle's Human Capital Management (HCM) solutions to drive workforce excellence and expand their people management capabilities, in order to stay competitive in the global economy.

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Adoption of Oracle Human Capital Management solutions has continued to accelerate across Asia Pacific, delivering year-on-year growth of 71 per cent across Oracle's Fiscal Year 06 (ended 31 May 2006, excluding Japan).

HCM was a key contributor to Oracle Asia Pacific's overall applications business, which saw new license revenue grow by a record 80 per cent. This strong growth has been boosted by increasing market recognition of Oracle's leadership in helping Human Resource (HR) organizations to transition from being primarily focused on administration to becoming more strategically focused on achieving workforce excellence and overall competitiveness.

Continuing uptake of PeopleSoft Enterprise Human Capital Management applications have also boosted Oracle's overall HCM momentum.

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Independent industry analysts have acknowledged Oracle's solution and market leadership in Human Capital Management. According to analyst firm AMR Research, Oracle is the global leader in HCM by revenue, with a 26 per cent share worldwide.

"In the current strong economic expansion, companies are not only experiencing the fierce competition for top talent that we typically see in these periods, but they are also facing a need for more sophisticated workforce planning," said Sean Loiselle, Oracle Asia Pacific's senior director of Oracle's Human Capital Management business.

"Progressive enterprises recognize the strategic value of human capital and are leveraging technology to give them a competitive edge in driving workforce performance."

Industry analysts confirm that HCM technologies yield tangible results on both the top and bottom lines. A recent survey by CedarCrestone estimated companies that adopted Human Capital Management technologies for talent management demonstrated a 66 per cent operating income growth, compared with only two per cent for companies that were not using these technologies.

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