It is a next generation of application that Oracle has came up with, previously Oracle was only associated with database products, then it came up with ERP(Enterprise Resource Planning) as well, it started acquiring other ERP products as well like PeopleSoft, Seibel etc.
Previously if a company wanted to implement HCM it has to go for products like PeopleSoft which was specialized in a particular area & Seibel for CRM (Customer Relationship Management) & Oracle was very well known for supply chain & financials, so there after a situation came up where if a customer wanted to use HCM it has to use Peoplesoft & if wanted to go for CRM it had to opted for Seibel in all they had to opt for two different product at the same time which raised the cost of operation for them.
Then Oracle came with a solution of coming with a unique way which had the best of both HCM, E Business Suite & CRM, it took best in class features both from Peoplesoft & Seibel and they came up with a new product from scratch using application development framework, Oracle fusion was created.
Cloud computing was upcoming product in the market, companies were more on a move towards cloud technology and replacing the server system. When it comes to undertaking a Fusion HCM implementation, especially if this is your first experience with Software as a Service (SaaS), the same logic applies – it makes sense to work with someone who knows the lay of the land and what to expect. ,Oracle Fusion has been further categorized into Workforce Deployment, Workforce Development & Compensation Management. Mainly these are the 3 primary business processes included in Oracle Fusion HCM.
Modern businesses operate in highly competitive, complex global environments. An organisation must thoroughly understand its global workforce in order to make quick and meaningful business decisions and rise above the competition. Designed for the way people work, the Workday Human Capital Management (HCM) suite enables you to embrace change by providing workforce and operational insights.
Workday HCM is built from the ground up and delivered in the cloud. It is the only global enterprise application that unifies human resources, benefits, talent management, payroll, time and attendance as well as recruitment.
Workday HCM offers intuitive, self-service capabilities that help you to organise, staff and pay your global workforce. As changes occur with business circumstances and requirements – including organisation structures, business-process rules, worker assignments, and reporting priorities – they are immediately updated in Workday.
Salesforce is a customer relationship management solution that brings companies and customers together. It's one integrated CRM platform that gives all your departments — including marketing, sales, commerce, and service — a single, shared view of every customer.
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