The stock of Oracle Corporation (NYSE:ORCL) closed at $48.21, gaining 0.08% in yesterday’s trading session. The company has today named IBM (NYSE:IBM) to be its new strategic partner. A lot of companies have been looking forward to move to Oracle’s HCM Cloud platform and the two providers have promised to move with them all the way.
Aside from that, they will be helping these particular companies to capitalize on the efficiencies of a managed service as well as in the transformation of their HR operations and processes.
Senior Vice President, Tony Kender, opined, “The inherent benefits of consuming HR as a service has allowed CHROs around the world to focus on strategic talent and HR direction with providing surety of high quality next generation HR operations.”
Oracle through a statement has outlined that it will be collaborating closely with a trusted BPO provider as well as a consulting partner like IBM. It hopes that it will succeed in its quest to find a qualified partner that will offer its customers a seamless transition in that journey.
IBM is widely known as a leader in both consulting and managed services in all the aspects of Human Resources. Talent solution footprint and IBM’s BPO HR spans all the sectors of the HR domain from HR operations, talent acquisition to talent development.
Over the years, IBM has paid a major focus on the delivery of HR operations services employing the various cloud enabled solutions enhanced by automation, cognitive technology, robotics and the closed loop incident management automation.
IBM takes pride in the fact that it has been able to make major milestones in the provision of consistent employee experience.
IBM is distinguished by its wide array of cognitive solutions for HR which move quite a long way towards helping business make smarter and faster decisions. The company is looking forward to that opportunity where it will be able to successfully bring all its clients live on the Oracle HCM Cloud platform.