Oracle Fusion Cloud HCM adds payroll support for France – Natural Self Esteem

companies operating in France will soon benefit from an integrated cloud payroll system that will help simplify payroll processes

Austin, Texas, May 31, 2022 /PRNewswire/ — Oracle plans to deploy Oracle France Payroll, part of Oracle Fusion Cloud Human Capital Management (HCM). The new cloud payroll solution will help companies manage compliance, automate workflows and quickly process payroll for employees working there France. With the addition of Oracle France Payroll, Oracle Cloud HCM will offer integrated payroll support for 13 countries inclusive Bahrain, Canada, China, Kuwait, Mexico, Qatar, Saudi Arabia, United Arab Emirates, United Kingdomand The United Stateswith upcoming support for India and Oman.

France has one of the most complex payroll processes in Europe, which requires employers to report and withhold income for a variety of taxes on behalf of the country’s 30 million workers. In addition, organizations that France experience rapid and continuous legal and regulatory changes, which means payroll processes often vary from one year to the next. To manage this complexity, organizations with employees in France Need the support and flexibility of a cloud-based payroll system that updates automatically to meet current payroll and reporting needs.

“Payroll is one of the most important functions in keeping a workforce running smoothly. Employees will not tolerate any error or delay when it comes to their compensation, no matter how complicated local rules and regulations are,” he said Holger Mueller, Principal Analyst, Constellation Research. “It is imperative for companies to use a cloud-based payroll system that integrates natively with their core HR systems to automatically stay up to date with changes in regulations and their workforce. The forthcoming launch of Oracle France Payroll is a major opportunity for local and multinational companies working in France to benefit from this integration into their HR and payroll processes.”

Oracle France Payroll helps companies save time and reduce payroll errors by eliminating manual processes and automating complex rules and calculations so customers can easily comply with tax and reporting obligations. Add to France-specific features for Oracle Payroll will allow French companies and multinational organizations to France Grow with a global payroll solution.

Oracle France Payroll offers companies the following benefits:

  • Built-in compliance rules: Covers regulatory and legal requirements for payroll processing France. Because Oracle France Payroll is built in the cloud, it can adapt of France frequently changing rules as needed. It also gives payroll clerks the flexibility to configure pay rules for various collective bargaining agreements, union activities, and complex regulations for minimum wages and variable wages.
  • Robotic process automation: Helps simplify payroll and data entry tasks for payroll administrators, allowing them to calculate payroll faster and more accurately. It will also help reduce errors in more complex work rules that are common in France.
  • Payroll unified with Core HR: Grants Oracle France Payroll full access to payroll data in Oracle Cloud HCM to ensure deductions for income, social security and other tax deductions are managed correctly. This will also help organizations easily onboard new hires and pay them quickly.

“In France, the government and collective bargaining groups are constantly changing laws and agreements related to taxes and pay in hopes of improving working conditions for workers. This can make it difficult for organizations to keep up with the latest processes they need to follow to pay their employees correctly and fairly,” said Chris Leone, Senior Vice President of Development, Oracle Cloud HCM. “Oracle France Payroll enables local and multinational organizations with employees in France be able to automate payroll to pay their employees quickly and accurately. Frequent and automatic updates help ensure payroll is always compliant, even as laws and contracts change.”

More information on Oracle Payroll can be found here: https://www.oracle.com/human-capital-management/payroll/

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