Oracle Fusion HCM Online - Oracle Fusion HCM Training in Ameerpet

1. Oracle Fusion HCM WHAT IS THE BENEFIT MODULE IN ORACLE FUSION HCM? www.visualpath.in +91-7032290546

2. Introduction • The Benefits Module in Oracle Fusion HCM (Human Capital Management)is the part of the system that helps organizations manage employee benefits — like health insurance, retirement plans, life insurance, and other perks — in a centralized, automated, and compliant way. • Here’s a simple breakdown of what it does: • Benefits Enrollment: It lets employees enroll in benefits during events like new hire, open enrollment, or life changes (like marriage, having a baby, etc.). • Eligibility Management: It automatically figures out which employees are eligible for which benefits based on rules you set (age, job type, location, etc.). www.visualpath.in +91-7032290546

3. What is Oracle Fusion Benefits? • Oracle Fusion Benefits is a cloud-based solution within the Oracle Fusion HCM suite that helps companies design, manage, and administer employee benefit programs — things like medical insurance, dental plans, retirement savings, wellness programs, and more. • Here’s a clearer way to think about it: • It automates the entire benefits lifecycle — from employee enrollment to carrier communication to compliance reporting. • It supports global and local benefits, meaning you can handle benefits for employees in different countries, each with different rules. www.visualpath.in +91-7032290546

4. Key Features Employee Self-Service Core Capabilities Create and manage a wide variety of benefit plans (medical, dental, vision, retirement, wellness, etc.). Support for different plan types: traditional, flex, spending accounts, and voluntary benefits. Define eligibility, rates, coverage levels, and enrollment rules without coding • Employees can enroll in benefits during: • New hire onboarding • Open enrollment periods • Life events (marriage, birth of a child, divorce, etc.) www.visualpath.in +91-7032290546

5. Why Organizations Need a Benefits Module • 1. Efficiency and Automation • Manual benefits administration is time-consuming and error-prone. • A Benefits Module automates enrollments, eligibility checks, life event processing, and vendor communications, freeing up HR teams for more strategic work. • 2. Compliance and Risk Management • Benefits laws (like ACA, HIPAA, COBRA, etc.) are complex and constantly changing. www.visualpath.in +91-7032290546

6. Automation and Efficiency In Oracle Fusion Benefits, Automation and Efficiency are two of the biggest advantages — here's how they work together: • Automated Eligibility Evaluation • The system automatically checks which benefits each employee qualifies for, based on rules like job role, age, location, or service date. • Auto-Triggered Life Events • When an employee reports a change (like marriage or a new baby), the system automatically triggers enrollment windows and sends notifications. • Streamlined Open Enrollment • Bulk open enrollment events can be scheduled, opened, and closed automatically. www.visualpath.in +91-7032290546

7. Regulatory Compliance • In Oracle Fusion Benefits, Regulatory Compliance is a major pillar — helping organizations stay within the law, avoid penalties, and protect employee rights. • The system automatically tracks required information (like employee eligibility dates, coverage periods, enrollment choices). • Generates standard regulatory reports (e.g., ACA 1095-C forms in the U.S.) without manual data gathering. www.visualpath.in +91-7032290546

8. Global Benefits Management In Oracle Fusion Benefits, Global Benefits Management means the ability to design, manage, and deliver benefits programs across multiple countries — all within a single system. • 1. Multi-Country Support • Supports benefits programs for employees in different countries, each with their own local laws, currencies, languages, and cultural needs. • HR teams can set up country-specific plans (like government-mandated health insurance in Germany or provident funds in India). • 2. Localization and Flexibility • Localizes everything: • Language (employees see benefits in their local language) www.visualpath.in +91-7032290546

9. For More Information About Oracle Fusion HCM Address:- Flat no: 205, 2nd Floor,Nilgiri Block, Aditya Enclave,Ameerpet, Hyderabad-16 Ph. No : +91-7032290546 Visit : www.visualpath.in E-Mail : online@visualpath.in www.visualpath.in +91-7032290546

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