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ORACLE FUSION GLOBAL BENEFITS MANAGEMENT
STRATEGIC BENEFITS MANAGEMENT KEY FEATURES
Sophisticated and configurable life event
Oracle Fusion Global Benefits is a global, rules-based benefits application that enables organizations to manage and deliver benefits programs to meet their mission, objectives, and strategic alignment to the organization. Oracle Fusion Global Benefits is a completely configurable and flexible global product that enables organizations to successfully continue to evolve and adapt to the unique needs of their workforce and is an integral part of any total compensation package. Fusion Global Benefits can deliver traditional ‘one-size fits all’ plans all the way to highly complex plans that selectively target different segments of the workforce with different benefit packages. Delivered employee self-service capabilities present the user with an out of the box intuitive process that guides them through selection of eligible benefits with helpful contextual information, links to relevant information and embedded analytics. Oracle Fusion Global Benefits customers can utilize a single standards-based extract to seamlessly integrate through our industry leading benefits integration with any third party benefits provider. In addition, customers can leverage the delivered integration tools to integrate with other carriers.
Provide Greatest Value to Each Employee through Flexibility in Benefits Choice
Oracle Fusion Global Benefits addresses the diverse and complex requirements that result from evolving benefits practices and governmental regulations. Whether it is an individual plan or a complex flexible benefits plan, Oracle Fusion Global Benefits’ robust functionality meets your organization’s needs. Recognizing that an organization's business objectives, industry type, location, employee demographics, and many other factors shape a benefits plan, Oracle Fusion Global Benefits is flexible and extensible to meet your specific benefits program requirements. Eligibility policies and criteria as well as calculation rates can be configured without modifying the application code. These rules and criteria can be shared across plans and are maintained from upgrade to upgrade. In addition, user-defined attributes may be selected and added to eligibility and/or rate requirements. Oracle Fusion Global Benefits, as part of the Oracle Fusion Human Capital Management system, unifies HR, Benefits and Payroll to provide complete information, streamline processing and deliver the value of total compensation best practices to your employees.
Scheduled life event processing Self service enrollment Rules based benefits Flexible design of programs Service center functionality Quickly create programs and plans
hours worked in a period. with minimal rework. benefits group. FastFormula is used to define rules for eligibility and benefits choices as well as to determine rates and premiums. an Oracle-provided webbased rules authoring facility. business needs Increase productivity and quality with quick set up tools and guided flows Intuitive “one-stop shop” for employees to enroll in benefits and understand the value and costs of their benefits program Interface configured to meet particular workforce needs Monitor and validate process status with summaries. enabling you to expand the product beyond the delivered practices. including those defined by you. assignment set. where setup objects can be reused across different legislations. The dependent eligibility profiles work the same as the participant profiles with re-usable criteria delivered. Organizations can achieve dramatic savings by employing dependent eligibility profiles. and length of service. which can also be used to restrict coverage to only eligible dependents. Customer extensions through FastFormula are preserved through any future upgrades. 2 . age. Oracle Fusion Global Benefits delivers many configuration points. work location.Fusion Global Benefits . Re-useable Sets of Eligibility Criteria An eligibility profile is a re-useable set of eligibility criteria that may apply to any number of programs/plans. Any data item within the system. Other eligibility criteria includes person type. It allows you to create benefits programs that integrate different plans to meet your organization's overall benefits needs.View existing setup for creation and maintenance Implement your Benefits Policy using FastFormula When implementing your benefits policy you can use FastFormula. You can group plans that share similar enrollment and eligibility rules and procedure. can be used within a FastFormula and reused across plans. Criteria can be based on data items such as compensation level. This eliminates manual work and automates life event processing to be compliant with organizational policy. alerts & real-time BI Figure 1 . percent of full-time employment. and many more. Oracle Fusion Global Benefits is natively integrated to Oracle Fusion Global HR so relevant events in Global HR are automatically detected and processed.ORACLE DATA SHEET KEY BENEFITS Model benefits programs to your unique Design Benefits Programs Suited to your Business Strategy and Organizational Culture Oracle Fusion Global Benefits has a completely flexible design process. You can also determine eligibility and costs of eligible benefits to individually determine costs for each employee.
promotions. and the system automatically analyzes and determines the impact of the event on the person's benefits—all without any manual intervention.Manage Life Events Scheduled Enrollment Processing Oracle Fusion Global Benefits allows administrators to schedule annual or other periodic enrollments for the appropriate population based on a pre-determined enrollment date. administrative enrollments can also be scheduled when new benefit plan offerings or costs change off-cycle. You configure the necessary conditions that define a life event. These can include employment events such as new hires. Complete Benefits Enrollment Processing Oracle Fusion Global Benefits supports all types of enrollment processing: on demand. Oracle Fusion Global Benefits controls key benefits processes triggered by a life event. coverage start dates and end dates. such as the elections that can be made. Rules can be defined to extend current enrollment. to terminate current enrollment. and to apply default enrollment under 3 . Life event definitions may vary by customer or country. and time-based events. automatic. Figure 3 . appropriate defaults. personal life events. and required communications to be sent. life event based and scheduled/open enrollment. Configurable Life Event Management A life event is any change to a person that makes an impact on his or her eligibility or rate calculations for benefits. such as age and length-of-service changes.ORACLE DATA SHEET Figure 2 . and transfers. and may be dependent upon multiple conditions. terminations.Eligibility Profile Complete. such as marital status and address changes. If need be.
or set up the process in an order that makes sense for their own business process. Quick Program Create and Quick Plan Create Quick Program Create and Quick Plan Create is a one page guided configuration tool that reduces implementation time by enabling users to quickly define a new benefit program or plan in one step that meets the functional requirements of their enterprise. Figure 4 .Plan Configuration Guided Setup Flow 4 . Benefits Extract The Benefits Extract tool allows the administrator to extract employee benefits records from the database and produces an HR-XML standards based file. and also define automatic or interim benefit packages for eligible new-hires. For example. and ensures quality through the setup processes.Quick Program Creation Guided Setup Flows Guided setup takes administrators over multiple pages to accomplish configuration in a structured manner to ensure repeatable quality and reduce the chance of setup errors. or via a 3rd party for further transformation. you can specify default enrollment rules for eligible participants who fail to make elections. This can be transmitted to a third party. This helps aid in the uniformity of plan setup. Figure 5 .ORACLE DATA SHEET specified circumstances. The user can choose to either follow the guides. This is particularly useful when designing a new implementation using prototypes to get feedback and sign-off.
or changing a user's department. Other names may be trademarks of their respective owners. Copyright © 2012. Within an organization. Since users are not assigned permissions directly. roles are created for various job functions. Built-in Extensibility Fusion Applications are built so that a business user can adapt the application to suit their personal or organizational needs. RBAC assigns permissions to specific operations with meaning in the organization. override enrollments. Best Practice Standards Based Security Fusion Applications are built according to the concept of Role Based Access Control (RBAC).800.ORACLE DATA SHEET Benefits Service Center Benefits Service Center is a tool used by the Benefits Specialist in the back office to support employees. 0112 5 . and faster for your benefits support team to satisfy requests for information or assistance. rather than to low level data objects. The permissions to perform certain operations are assigned to specific roles. This document is provided for information purposes only and the contents hereof are subject to change without notice. The key to this ‘tailor-ability’ lies in the usage of metadata objects and services in the heart of the application architecture. Users are dynamically assigned roles. without our prior written permission. but only acquire them through their role (or roles). Ltd. Oracle and Java are registered trademarks of Oracle and/or its affiliates. We specifically disclaim any liability with respect to this document and no contractual obligations are formed either directly or indirectly by this document. segregation of duties (SoD) requirements. and counsel employees through benefits choices. Security is managed at all levels – function. manage action items. such as adding a user. AMD. Oracle and/or its affiliates. and the AMD Opteron logo are trademarks or registered trademarks of Advanced Micro Devices. RBAC exceeds the needs of auditable. This document is not warranted to be error-free. and data-level. The use of RBAC to manage user privileges (computer permissions) within a single system or application is widely accepted as best practice.ORACLE1 to speak to an Oracle representative. UNIX is a registered trademark licensed through X/Open Company. including implied warranties and conditions of merchantability or fitness for a particular purpose. field. electronic or mechanical. visit oracle. Contact Us For more information about Oracle Fusion Global Benefits. This document may not be reproduced or transmitted in any form or by any means. for any purpose. this simplifies common operations. This makes it easier for your employees to get personal service. allowing for flexibility in an ‘upgrade-safe’ manner. The Benefits Specialist has access to an enhanced Service Area – where they can perform all the tasks necessary to enroll people.com or call +1. Changes and extensions to the application are stored as new layers over the delivered objects. All rights reserved. transaction. the AMD logo. Intel and Intel Xeon are trademarks or registered trademarks of Intel Corporation. nor subject to any other warranties or conditions. Inc. All SPARC trademarks are used under license and are trademarks or registered trademarks of SPARC International. whether expressed orally or implied in law. Opteron. management of individual user rights becomes a matter of simply assigning appropriate roles to the user's account.
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