Aligning HR and payroll data enables organizations to unlock powerful insights and make data-driven decisions. By integrating human capital management and payroll systems, companies can create a seamless employee experience while optimizing efficiency.
Oracle and Neeyamo have forged a strategic partnership to provide an integrated HCM and global payroll solution. By leveraging Oracle Cloud HCM and Neeyamo's local payroll expertise, customers worldwide can manage the entire employee lifecycle on a unified platform.
This integrated solution delivers a simplified workflow and consistent user experience for payroll teams. Employees benefit from a one-stop portal to access HR services and view personalized payroll details.
With streamlined processes and a holistic view of the workforce, organizations can better attract, engage, and retain top talent while remaining compliant across global operations. The Oracle-Neeyamo partnership empowers multinational companies to drive growth through global scale and local expertise.
Also read | Streamlining Success: Benefits of an integrated HRIS and Payroll Systems
Seamless Integration Via Oracle Payroll Interface
This integration is powered by the seamless connection between Oracle HCM and Neeyamo's payroll platform, facilitated by the Oracle Payroll Interface, which allows automated bi-directional data flow between Oracle HCM and Neeyamo Payroll.
This pre-built integration extracts employee master data, including personal details, employment terms, salary, benefits, and taxes, from Oracle HCM using APIs. The extracted data is then sent to Neeyamo for payroll processing, ensuring compliance with country-specific requirements.
Following the payroll processing, Neeyamo effortlessly imports the results, including pay slips, payroll registers, and general ledger journals, back into Oracle HCM. This eliminates the need for manual file-based data sharing between systems, establishing a centralized source of truth for global payroll master data and results.
Unlocking Key Capabilities
Integrating Neeyamo's global payroll solution with Oracle Cloud HCM delivers numerous benefits, including:
Enhanced Data Accuracy: By eliminating duplicate data entry between systems, the integration reduces errors and provides employees with a unified self-service experience for viewing payroll details.
Stronger Compliance: Automatically stay up-to-date with country-specific payroll regulations through Neeyamo's localized compliance capabilities.
Simplified Implementation: Implementation is straightforward with standard out-of-the-box connectivity between Neeyamo and Oracle. Ongoing testing and maintenance are jointly handled, reducing IT overhead.
Unified Workforce Experience: Employees access a single user interface for HCM and payroll transactions, streamlining HR processes. Payslips, payroll activity, and other relevant data are readily available.
DOWNLOAD | The Future of Global Payroll: Trends to Watch Out For in 2024
Additional Integration Features
Moreover, the Oracle Payroll Interface provides additional configurable features to meet specific integration needs, such as:
- Extraction of effective dated employee data for processing.
- Availability of historical salary, benefits, and bank account information.
- Flexibility to define the types of payroll documents to import into Oracle.
- Role-based access control for employees to view payroll documents.
- Configuration of extraction rules at the legislative data group level.
Furthermore, the Oracle Global Payroll Interface is crucial in sending personal payroll information to third-party payroll providers and importing processed payroll data into Global HR. In legislative data groups using the Payroll Interface, actions such as extracting employment, salary, and compensation details for third-party providers and importing processed payroll data, pre-generated payslips, and messages are streamlined.
Transforming Global Payroll with Neeyamo and Oracle
The Global Payroll Interface ensures accuracy by reporting historical records for salary, element entries, and bank accounts within the specified extraction window. This approach enhances reporting and analysis capabilities within the application, providing valuable insights for decision-making.
Oracle and Neeyamo have partnered to create a robust, cloud-based global HCM and payroll solution that centralizes HR processes and provides flexibility for your diverse, global workforce. The result? Happier employees, easier audits, and peace of mind that payroll is handled compliantly worldwide.
To explore how this certified integration can transform your global payroll, contact Neeyamo for a personalized demo.
