32 Payrolls Transformed to Oracle Cloud — Sign-Off in Under 7 Days
A large financial services company specialising in institutional stocks and fixed income transformed payroll across 27 legal employers — managing 12,000+ employees and 3,500+ partners with full pension automation.
The Challenge
Managing payroll across 27 legal employers was operationally heavy on its own. The pension processes alone consumed 150+ resource days annually to administer 14 different pension schemes.
Pension accuracy sat below 78%, causing multiple adjustment entries each cycle. Enrolment was entirely manual. The combined effect was unsustainable scaling for a high-volume financial services organisation.
The Solution
PCL reviewed each employee lifecycle stage and its payroll impact, identifying root causes and implementing Oracle payroll recommendations.
The approach included:
- Process maps for every payroll lifecycle stage
- Segregation of duties built into the platform
- Pension automation across all 14 schemes
- Self-service for voluntary pension contributions
- Payroll runbook for ongoing pension process management
The Results
32 payrolls in <7 days
From start to sign-off in less than seven days.
98% pension automation
Pension enrolment automated for 98% of employees.
Employee self-service
Self-service for voluntary pension contributions.
Payroll runbook
Prepared for ongoing pension process management.
Reduced manual entries
Pension adjustments and corrections cut dramatically.
Operational headroom
Pension administration freed from 150+ resource days annually.
Looking for similar payroll transformation?
Talk to us about consolidating complex multi-employer payroll on Oracle Cloud HCM.