ORACLE DATA SHEET

ORACLE FUSION GLOBAL BENEFITS

MANAGEMENT

STRATEGIC BENEFITS MANAGEMENT

KEY FEATURES

Sophisticated and configurable life event

management

Scheduled life event processing

Self service enrollment

Rules based benefits

Flexible design of programs

Service center functionality

Quickly create programs and plans

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.

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KEY BENEFITS

Model benefits programs to your unique

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, alerts & real-time BI

Design Benefits Programs Suited to your Business Strategy and Organizational

Culture

Oracle Fusion Global Benefits has a completely flexible design process, where setup objects

can be reused across different legislations. It allows you to create benefits programs that

integrate different plans to meet your organization's overall benefits needs, with minimal

rework. You can group plans that share similar enrollment and eligibility rules and procedure.

You can also determine eligibility and costs of eligible benefits to individually determine costs

for each employee. Oracle Fusion Global Benefits is natively integrated to Oracle Fusion

Global HR so relevant events in Global HR are automatically detected and processed. This

eliminates manual work and automates life event processing to be compliant with

organizational policy.

Figure 1 - Fusion Global Benefits - View existing setup for creation and maintenance

Implement your Benefits Policy using FastFormula

When implementing your benefits policy you can use FastFormula, an Oracle-provided web-

based rules authoring facility. FastFormula is used to define rules for eligibility and benefits

choices as well as to determine rates and premiums. Oracle Fusion Global Benefits delivers

many configuration points, enabling you to expand the product beyond the delivered practices.

Any data item within the system, including those defined by you, can be used within a

FastFormula and reused across plans. Customer extensions through FastFormula are preserved

through any future upgrades.

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. Criteria can be based on data items such as compensation level, percent of

full-time employment, hours worked in a period, age, and length of service. Other eligibility

criteria includes person type, benefits group, work location, assignment set, and many more.

Organizations can achieve dramatic savings by employing dependent eligibility profiles,

which can also be used to restrict coverage to only eligible dependents. The dependent

eligibility profiles work the same as the participant profiles with re-usable criteria delivered.

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Figure 2 - Eligibility Profile

Complete, 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. These can include employment events such as new hires,

promotions, terminations, and transfers; personal life events, such as marital status and

address changes; and time-based events, such as age and length-of-service changes.

Oracle Fusion Global Benefits controls key benefits processes triggered by a life event, such

as the elections that can be made, coverage start dates and end dates, appropriate defaults, and

required communications to be sent. Life event definitions may vary by customer or country,

and may be dependent upon multiple conditions. You configure the necessary conditions that

define a life event, and the system automatically analyzes and determines the impact of the

event on the person's benefits—all without any manual intervention.

Figure 3 - 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. If need

be, administrative enrollments can also be scheduled when new benefit plan offerings or costs

change off-cycle.

Complete Benefits Enrollment Processing

Oracle Fusion Global Benefits supports all types of enrollment processing: on demand,

automatic, life event based and scheduled/open enrollment. Rules can be defined to extend

current enrollment, to terminate current enrollment, and to apply default enrollment under

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specified circumstances. For example, you can specify default enrollment rules for eligible

participants who fail to make elections, and also define automatic or interim benefit packages

for eligible new-hires.

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. This can be transmitted to a third

party, or via a 3rd party for further transformation.

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. This is particularly

useful when designing a new implementation using prototypes to get feedback and sign-off.

Figure 4 - 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. This

helps aid in the uniformity of plan setup, and ensures quality through the setup processes. The

user can choose to either follow the guides, or set up the process in an order that makes sense

for their own business process.

Figure 5 - Plan Configuration Guided Setup Flow

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Benefits Service Center

Benefits Service Center is a tool used by the Benefits Specialist in the back office to support

employees. The Benefits Specialist has access to an enhanced Service Area – where they can

perform all the tasks necessary to enroll people, override enrollments, manage action items,

and counsel employees through benefits choices. This makes it easier for your employees to

get personal service, and faster for your benefits support team to satisfy requests for

information or assistance.

Best Practice Standards Based Security

Fusion Applications are built according to the concept of Role Based Access Control (RBAC).

The use of RBAC to manage user privileges (computer permissions) within a single system or

application is widely accepted as best practice. Security is managed at all levels – function,

transaction, field, and data-level. RBAC assigns permissions to specific operations with

meaning in the organization, rather than to low level data objects. RBAC exceeds the needs of

auditable, segregation of duties (SoD) requirements.

Within an organization, roles are created for various job functions. The permissions to

perform certain operations are assigned to specific roles. Users are dynamically assigned

roles. Since users are not assigned permissions directly, but only acquire them through their

role (or roles), management of individual user rights becomes a matter of simply assigning

appropriate roles to the user's account; this simplifies common operations, such as adding a

user, or changing a user's department.

Built-in Extensibility

Fusion Applications are built so that a business user can adapt the application to suit their

personal or organizational needs. The key to this ‘tailor-ability’ lies in the usage of metadata

objects and services in the heart of the application architecture. Changes and extensions to the

application are stored as new layers over the delivered objects, allowing for flexibility in an

‘upgrade-safe’ manner.

Contact Us

For more information about Oracle Fusion Global Benefits, visit oracle.com or call +1.800.ORACLE1 to speak to an Oracle representative.

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