The first financial company to transition all its operations to the cloud.

Oracle Korea announced that it has supplied its HR cloud solution, Oracle HCM (Human Capital Management) Cloud, to Hyundai Capital.

Hyundai Capital, the first domestic financial company to transition its entire HR operations, from global human resources management to training, to the cloud, aims to strengthen its digital competitiveness as a global financial company and solidify its "Global One Company" system through an integrated HR system.

The global HR integration system being introduced will integrate the HR systems currently operated separately by ten overseas subsidiaries and headquarters into a single, cloud-based platform. Beginning with the US subsidiary, which has been operational since October of this year, the plan is to complete the integration of all global HR systems by the first half of next year.

Accordingly, all Hyundai Capital employees use the same platform, anytime, anywhere, to update and share HR-related data in real time. Furthermore, the HR department enhances the efficiency of human resources management through shared global recruitment and evaluation criteria, and supports strategic business decision-making through the acquisition and analysis of HR data.

Oracle Korea Managing Director Lee Sang-hoon said, "Overseas large corporations are rapidly moving to the cloud to achieve agile response to change, manage efficiency, and gain business insights through data analysis. In particular, in the era of the Fourth Industrial Revolution, demand for cloud computing in the human resources sector is high, as talent management is crucial to corporate success. According to consulting firm ISG, more than half of global companies are expected to adopt cloud solutions for HR by 2020. Compared to this rapid pace of international companies, large domestic companies have been relatively slow to transition to the cloud. However, with Hyundai Capital, a leading innovator, successfully implementing a cloud HCM system, we expect cloud adoption among large domestic companies to accelerate.

Oracle's HCM Cloud, compatible with both cloud and on-premises deployments, offers services such as global HR, talent forecasting and analytics, continuous performance management, talent reviews and succession planning, peer collaboration and development, and social networking-based talent recruitment and onboarding, all via mobile devices. It is used by major global companies such as Ford Motors, AXA Financial Group, British Telecom (BT), and Tesco.