SAN FRANCISCO, Sept. 21, 2016 /PRNewswire/ -- Oracle
OpenWorld -- Oracle announced today that MoneyGram
International Inc., the second-largest money transfer company in
the world with $1.45 billion in
annual revenue, has implemented Oracle HCM Cloud to overhaul its
human resources (HR) operations and reduce administrative processes
to be more efficient. Reports that previously took 40 hours to
produce can now be completed in 80 percent less time.
Serving more than 350,000 agent locations in more than 200
counties, MoneyGram was in need of a global tool that could
accommodate the needs of its nearly 3,000 employees. The existing
system required too many spreadsheets, and manual processes that
were complex and did not scale. MoneyGram managers struggled to
keep up with changing market demands and additions to new products
and services for the sales team. The lack of a central global data
storehouse for employee records and business information made it
difficult to generate reports or analyze market opportunities.
Previously using a manual, on-premise service, MoneyGram opted
for Oracle's Cloud technology for its scalability and worldwide
presence to help accommodate various country-specific HR issues and
help streamline its global operations. MoneyGram selected Oracle
HCM Cloud with specific functionalities including Global HR,
Payroll (U.S.), Workforce Compensation, Goal and Performance
Management, Talent Review and Succession, and Recruiting and
Onboarding. The Oracle implementation changed 25 percent of
MoneyGram's transactional infrastructure, executives said.
"MoneyGram needed a holistic approach to HR where scalability
was one of the top considerations, and this is the main reason we
looked at Cloud," said Paula
Peacher, senior director of Global Payroll and HRIS at
MoneyGram. "Oracle HCM Cloud consolidated our payroll processes and
helped us accommodate country-specific issues from a core HR
standpoint. It assisted with security requirements from information
to data privacy. It also increased efficiency and control and
helped improve our process cycle times so we could be more
responsive to market demands and maintain a competitive edge.
Ultimately, our staff was able to cut time needed for new product
introductions by 40 percent."
The Oracle platform is delivering important time-saving benefits
in the first year of implementation. Other benefits include savings
in cost and the consolidation of multiple outdated and
non-integrated legacy systems. MoneyGram executives estimate that
the company has the potential to save millions of dollars by
retiring outdated systems and transitioning to Oracle HCM
Cloud.
"Oracle is delivering bottom-line benefits for companies such as
MoneyGram through innovative, flexible and unified cloud
solutions," said Gretchen Alarcon,
group vice president of HCM Product Strategy for Oracle. "A tightly
integrated system leads to more data integrity for the company and
is ultimately more beneficial for their customers in the
long-run."
To learn more about Oracle HCM Cloud, follow @OracleHCM on
Twitter or Facebook, or read the Modern HR in the Cloud blog.
About Oracle
Oracle offers a comprehensive and fully integrated stack of
cloud applications and platform services. For more information
about Oracle (NYSE:ORCL), visit oracle.com.
About Oracle OpenWorld
Oracle OpenWorld, the industry's most important business and
technology conference for the past 20 years, hosts tens of
thousands of in-person attendees as well as millions online.
Dedicated to helping businesses leverage Cloud for their innovation
and growth, the conference delivers deep insight into industry
trends and breakthroughs driven by technology. Designed for
attendees who want to connect, learn, explore and be inspired,
Oracle OpenWorld offers more than 2,200 educational sessions led by
more than 2,000 customers and partners sharing their experiences,
first hand. With hundreds of demos and hands-on labs, plus
exhibitions from more than 400 partners and customers from around
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About MoneyGram International, Inc.
MoneyGram is a global provider of innovative money transfer
and payment services and is recognized worldwide as a financial
connection to friends and family. Whether online, or through a
mobile device, at a kiosk or in a local store, we connect consumers
any way that is convenient for them. We also provide bill payment
services, issue money orders and process official checks in select
markets. More information about MoneyGram International,
Inc. is available at moneygram.com.
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SOURCE Oracle