BearingPoint and Oracle Launch Solution to Streamline Employee ''On-Boarding'' and ''Off-Boarding''

Solution to Help Increase Productivity, Reduce Cost and Drive ROI in Human Capital Management

MCLEAN, Va.--(BUSINESS WIRE)--BearingPoint, Inc. (NYSE: BE - News), one of the world's largest management and technology consulting firms, and Oracle today announced the availability of a new solution to better automate and streamline employee "on-boarding" and "off-boarding" for large organizations.

BearingPoint has leveraged its long-standing relationship with Oracle and experience in Business Process Management, Service Oriented Architecture (SOA), and Human Capital Management (HCM) to design and develop the solution, which will help streamline the process of integrating a new hire from job offer to orientation to his/her engagement with job goals and performance objectives.

Available from BearingPoint (visit www.bearingpoint.com/hr), the solution aligns with an array of business systems including HRMS/Talent Management, payroll, finance, IT, facilities management, security and procurement, helping companies save time and resources throughout the on-boarding process. In addition, the solution can also be used to address challenges associated with off-boarding such as the return of valuable company assets and the shutting down of building/system access when employees leave an organization.

"On-boarding is much more than a series of administrative tasks such as receiving an ID badge and establishing benefit elections," said Robert Hershey, senior vice president and Global Oracle Practice Leader at BearingPoint. "It is a critical business process that, if not done strategically, can drive up costs and delay employee integration. Large organizations can waste millions of dollars a year through error-prone, manual processes."

"It was logical to look to BearingPoint to build an on-boarding and off-boarding solution based on Oracle Business Process Management," said Gretchen Alarcon, vice president of HCM Product Strategy, Oracle. "BearingPoint has expertise with Oracle® Fusion Middleware, extensive on-the-ground experience in the field, and a strong team of human capital management professionals. On-boarding has not been a top priority for companies in the past, but more CIOs are recognizing that becoming more effective in this area can provide a competitive advantage. Automating on-boarding, off-boarding and other HR processes can deliver substantial ROI for corporations."

BearingPoint's on-boarding and off-boarding Diagnostic Offering can help organizations take the first step to baseline current activities and costs, diagnose inefficiencies and control weaknesses, develop a conceptual future state model, build a deployment roadmap, define the required SOA governance and architecture, and ultimately develop the ROI/business case.

About Oracle Corporation

Oracle (NASDAQ: ORCL - News) is the world's largest enterprise software company. For more information about Oracle, visit our web Site at http://www.oracle.com/.

About BearingPoint, Inc.

BearingPoint, Inc. (NYSE: BE - News) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in 60 countries worldwide. Based in McLean, Va., the firm has over 17,000 employees and major practice areas focusing on the Public Services, Financial Services and Commercial Services markets. For nearly 100 years, BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. For more information, visit the Company's website at www.BearingPoint.com.

Some of the statements in this press release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, estimates and projections. Words such as "will," "expects," "believes" and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Trademarks

BearingPoint is a registered trademark of BearingPoint, Inc. and/or its affiliates. Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.

Printer Friendly

Email Page

Sponsor Message