The U.S. Office of Personnel Management (OPM) announced it has awarded Oracle a $395.8 million Federal HRIT Modernization Core Human Capital Management (HCM) contract to deliver the federal government’s first governmentwide HR platform.
Powered by Oracle Fusion Cloud Human Capital Management (HCM), the new platform will replace more than 100 separate systems and serve as the single, governmentwide system of record for workforce management under OPM’s Federal HR 2.0 initiative, according to Oracle.
By consolidating its systems onto a single cloud platform, OPM expects to reduce costs to taxpayers while strengthening efficiency, security, and service delivery for agencies and employees alike.
As the foundation for Federal HR 2.0, Oracle Cloud HCM will provide approximately two million U.S. Executive Branch civilian employees with an AI-powered, secure, FedRAMP-authorized HR platform.
The solution will centralize HR operations on a single platform to improve the employee experience and effectively manage the federal workforce as a unified enterprise. Capabilities include position management, personnel action and records processing, workforce analytics, and employee and manager self-service, with integration to payroll, retirement, and benefits systems, said Oracle.
“Oracle is honored to partner with OPM to establish a secure, trusted foundation to unify federal HR operations,” said Kim Lynch, executive vice president, Oracle government, defense, and intelligence. “And in doing so, we’re extending our commitment to help government leaders make faster decisions while delivering to federal employees the modern experience they deserve.”
For more information about this news, visit www.oracle.com.