Prudence Technology: Prudent Solution for Prudence

Solutions Requirement

• Expand visibility into performance management and improve employee satisfaction by providing staff members with easy access to performance review data rather than bypassing them and sending the information directly to management

• Use a centralized talent management platform to rapidly generate performance reports for each quarter and ensure alignment of employee goals with organizational objectives, such as deliverables for providing enterprise advisory services to ERP customers.

• With a globally dispersed workforce, Prudence wanted to improve transparency in the management of remote workers’ performance and boost employee satisfaction.

Solution Deployment

With assistance from Oracle Support Portal, Prudence replaced its spreadsheet processes with a centralized Oracle Talent Management Cloud. It went live with the new platform in less than a month. Prudence Technology gains visibility into performance management, processes payout 3x faster, and enhances employee satisfaction with Oracle.

Solution Benefits

• Boosted employee motivation and reduced staff turnover by adopting Oracle Talent Management Cloud to automatically calculate compensation based on project deliverable goals and performance review ratings, allowing managers to rapidly approve and process payout to employees within 10 days instead of 6 weeks

• Created quarterly performance reports 50% faster—in just 5 days instead of 10 days—by using Oracle Performance Management Cloud to send automatic alerts to managers and employees, reminding them to provide the required information, such as review ratings for ERP consultants, before a certain date