Oracle HCM is a robust, modern, integrated SaaS (cloud-based) human resources and payroll system that will provide ongoing improved access to innovative technology.  UMB will have the ability to adopt new functionality every quarter via Oracle’s application releases, leveraging Oracle's expansive development team to not only maintain and secure but also consistently enhance and improve the system. Bringing key HR and Payroll functions together with our Financial Accounting ones into a single enterprise solution will allow UMB to gain efficiency in processing and reporting.

For the first time ever, UMB will have summarized dashboards for HR information. HCM Analytics delivers 33 dashboards which cover key HR areas. Some examples of those dashboards include Turnover Analysis, Talent Acquisition, Workforce Composition and Heat Maps which can be leveraged by UMB’s leadership and management teams to identify patterns and trends.

Oracle Digital Assistant (ODA) is an AI-powered tool with support "skills" designed to make life easier and more convenient. It utilizes natural language processing and machine learning algorithms to provide task assistance to support Employee Self-Service, Manager Self-Service, Hiring Managers, and Employee Candidates queries.​ A chatbot will provide UMB specific system responses to guide users to information upon their request.

On demand step-by-step guidance as campus users navigate and complete tasks with timely, in-context support to ensure the information they need to perform their tasks is easily available.  This will reduce UMB training needs and improve end-user experience.

With Oracle HCM Labor and Fringe Costs Adjustments will be posted daily to the General Ledger and be visible the next day in Quantum Analytics. Currently campus users must wait for the next pay period to see the changes post in Analytics.

Burden Encumbrances on Salary and Fringe will be provided within the application. This eliminates the need for campus users to do those calculations outside of the system.

Improved New Hire Experience through Onboarding Journeys, which are a collection of key tasks for new employees and UMB departments to complete. New hires will have step-by-step instructions for tasks linked directly to their new role at UMB. They will be able to view the status of those tasks and quickly scan for incomplete items that need their attention.

Oracle HCM will streamline the recruitment and onboarding process, helping UMB to attract, hire, and onboard top talent faster and more effectively. This helps reduce time-to-hire and improve the overall candidate experience.

With Oracle HCM, UMB managers will be able to create personalized development plans for employees, set goals, and regularly track performance. This can lead to improved employee productivity, engagement, and retention.

Position Management in HR and Position based Budgeting integrated with Quantum Planning & Budgeting will provide the campus with data & tools to further enhance budget forecasting & planning. Oracle HCM will provide employees with self-service portals to manage their personal information, time-off requests, and performance reviews. This level of transparency and empowerment can boost employee satisfaction and retention.