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This is really a rare scenario. As per your note client is expecting to do planning & forecasting using Oracle then recommend them to use the same system for data maintenance too. It will be an unnecessary burden of integrating the legacy and Oracle in this case with The ROI to be very minimum.
Is there any major reason they want to continue maintaining the data in existing system?
SOA is the exact thing we are banking upon. What I would like to request your views is that can EBS work in this model? Documentation does elaborate the process to feed legacy systems (for example payroll ) or that's my limited knowledge.
Can you please share the possibility that it can be done or not? Any inherent constraints that can restrict EBS from accepting hr data as trusted source?