New enhancements offer closer compliance to the Saudi regulation
Riyadh, Kingdom of Saudi Arabia, March 10th, 2004 - Oracle Corporation, the world’s largest enterprise software company, today announced the release of its localization enhancements of the Oracle Human Resources Management System (HRMS) part of Oracle E-Business Suite; the new localization enhancements are designed specifically to provide better compliance with the Saudi labor law and immigration regulations and essentially to make it easier for Oracle HRMS existing and future customers to implement their human resources policies and comply with the local regulations at the same time.
Oracle Human Resources Management System (HRMS) empowers businesses with tools to find, extract, and analyze data related to human capital. This Oracle HR intelligence readies the organisation to rapidly deploy the best resources for maximum employee productivity, satisfaction, and retention.
The new localization features provide closer compliance with the Saudi regulation in capturing complete data about candidates and employees, which includes personal details, religion, Saudi address style, disability and work incidents details, nationality and nationality groups, previous employment history as well as contract information. The new enhancements also support GOSI (General Organization for Social Insurance) reporting requirements, and uses for the Hijri calendar that is one of the unique features required to achieve Saudi compliance. The functionality of the Hijri calendar covers maintaining employee data using Hijri dates for payroll and calculating end of service benefits.
“This major step is another demonstration of Oracle’s commitment to the Saudi market, and to support its large business applications customer base,” commented Abdulrahman Al Dossary- MD Oracle Saudi.
The new enhancements, which were added by Oracle Corporation, are available immediately to existing Oracle HRMS customers in the Kingdom.
Oracle enjoys a great list of HRMS customers in Saudi including: Al Bank Al Saudi Al Faransi, Arab Petroleum Investment Corporation, Riyadh Bank and Saudi Lighting.
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About Oracle
Oracle Corporation is the world's largest enterprise software company. For more information about Oracle in the Middle East, please visit our web site at www.oracle.com/me or contact Bahaa Issa on +9714 390 9000.
© Press Release 2004
