Oracle plans to deliver Oracle France Payroll, part of Oracle Fusion Cloud Human Capital Management (HCM). The new cloud payroll solution will help organisations manage compliance, automate workflows and quickly process payroll for employees working in France. With the addition of Oracle France Payroll, Oracle Cloud HCM will provide built-in payroll support for 13 countries including Bahrain, Canada, China, Kuwait, Mexico, Qatar, Saudi Arabia, United Arab Emirates, United Kingdom and the United States, with upcoming support for India and Oman.
France has one of the most complex payroll processes in Europe, requiring employers to report and withhold income for a variety of taxes on behalf of the country’s 30 million workers. Additionally, organisations operating in France experience rapid and continuous legislative and regulatory changes, meaning payroll processes will often vary from one year to the next. To manage this complexity, organisations with employees working in France need the support and flexibility of a cloud-based payroll system that automatically updates to match current payroll and reporting needs.
“Payroll is one of the single most important functions for keeping a workforce running smoothly. Employees have zero tolerance for mistakes or delays when it comes to their compensation, no matter how complicated the local rules and regulations are,” said Holger Muller, Principal Analyst, Constellation Research. “It’s essential that organisations use a cloud-based payroll system that natively integrates with their core HR systems to automatically stay up to date with changes in regulations and their workforce. The upcoming launch of Oracle France Payroll is a huge opportunity for local and multinational companies operating in France to benefit from that integration in their HR and payroll operations.”Click below to share this article