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Oracle Announces Immediate Availability of Oracle Time & LaborNew Time & Labor Application Streamlines Time Collection and Management Across The EnterpriseREDWOOD SHORES, Calif., Sept. 24 / -- ( http://www.oracle.com/tellmemore/?892369 ) Oracle Corp. (Nasdaq: ORCL - news) the largest provider of software for e-business, today announced the availability of Oracle® Time & Labor. Oracle Time & Labor is an enterprise- wide time collection and management product that meets the time entry needs for the entire workforce. Oracle Time & Labor, a key component of the Oracle Human Resources Management System product family in the Oracle® E-Business Suite is immediately available and also as an online service on Oracle.com.The introduction of Oracle Time & Labor comes at a time when businesses need to effectively manage priorities, streamline processes, and use valuable enterprise intelligence to make better strategic decisions. According to an American Payroll Association/KPMG Payroll Best Practices Benchmarking study, over 25% of large companies in the U.S. need an improved time collection process. Oracle Time & Labor is an intuitive, web-enabled, e-business timecard solution that allows businesses to reduce the cost structure of their enterprise and drive efficiency. It eliminates redundant time entry for multiple applications, and comes with pre-created templates that enable time entry for any segment of the workforce. ``The new time collection tool offers the flexibility to collect time in the way needed by your company and/or country legislation. It also allows employees to see and select only what they need to in terms of their specific role in the organization,'' said Sue Charley, vice president, Compensation and Human Resource Operations, Oracle Corporation. ``Not only is it versatile and easy to use by all employees across the organization, but Oracle Time & Labor interacts with the payroll system and allows your management access to valuable workforce intelligence when they need it.'' Oracle Time & Labor gives organizations a myriad of key benefits such as a central time repository, web and disconnected time entry, automatic timecard approvals, historical timecard views, and absence tracking and reporting. The software also provides an automated and manual time collection interface that directly accepts, consolidates, and processes employee time against employer-specific parameters and legal requirements. Available as a standalone product, and as part of the Oracle E-Business Suite, Oracle Time & Labor instantly offers out-of the box integration with other components of the E-Business Suite that provides organizations with a complete view into their workforce. For example, because of its integration with Oracle Financials, Oracle Time & Labor is able to assist in businesses forecasting, management of capacity and profitability, and efficient planning and scheduling. Planned integration with Oracle Projects is expected to allow companies to validate against chargeable projects and tasks, and enable them to create templates for given projects to ease time entry and help ensure accuracy. The release of Oracle Time & Labor is a milestone for organizations looking for an efficient and integrated, enterprise time collection and management solution. Customers can quickly implement Oracle Time & Labor and realize automated time and attendance record keeping in addition to simplified tracking of time for payroll. About Oracle Oracle Corporation provides the software that powers the Internet. For more information about Oracle, please call 650-506-7000. Trademark Oracle is a registered trademark of Oracle Corporation. OracleMobile 415/401-4000 jmorgan@tenthdimension.com top of page |
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