Case Study: Swedbank AB achieves 50% HR cost reduction and streamlined HR processes with Oracle HCM Cloud

Swedbank Streamlines Human Resources Processes with Cloud Solution, Reducing Costs by 50% While Expanding Functionality

Swedbank AB, a leading Swedish banking group serving 7.2 million retail and 600,000+ corporate customers, needed to modernize its HR landscape. The bank’s goals were to digitize and automate HR processes (including compensation), reduce HR IT costs, integrate disparate HR tools to improve data quality, and introduce better analytics and reporting to support hiring and workforce decisions while creating a stable foundation for future HR capabilities.

Swedbank implemented Oracle Human Capital Management Cloud, cutting HR environment costs by 50% versus its on‑premises solution and eliminating the need for owned hardware and extensive IT staff. The cloud rollout digitized compensation, talent, performance, and goal management; reduced compensation‑process staffing from eight FTEs to 2.5; integrated payroll, time reporting, and travel systems; and delivered stronger analytics for hiring, sick leave, overtime, and compensation trends. The solution also provides automatic biannual upgrades and a platform to add modules like recruitment and learning.

Swedbank

Jonas Gavelin

Head of Human Resources Information Systems, Group Human Resources