"We were never really able to get that actuals to budgets on a real-time basis and now that data flows continuously." —Rick Woods, Director of Product Services, Delaware Life
64 percent of CFOs surveyed believe it is essential to have metrics on the quality of their business processes but only 33 percent have them.
72 percent of finance executives surveyed believe cloud, social, and mobile technologies will change the way they structure and run finance within their business.
"The beginning of the Fourth Industrial Age has seen the finance department move out from under the cover of the back office." —Dee Houchen, Oracle ERP Marketing Director
Oracle Modern Best Practice for Insurance—Finance leverages analytics, mobile, and social to help you speed time to intelligence and minimize risk. Mobilize billing safely, socially enable bank transactions, reconcile statements/balances, and more, with a secure cloud platform. Standardize on these modern best practices to gain greater control of your business, resolve issues faster, and reduce time and costs.
“From a business-process standpoint, we have really embraced the standardization that comes embedded with Oracle Financials Cloud and Oracle Planning and Budgeting Cloud Service. We used it as a catalyst for change and to customize less, as well as achieve seamless upgrades and maintenance, all in the cloud.”
“Finance drives (digital) change by creating operational dashboards, with real-time analyses accessible from a mobile device, (and) by setting up modern information systems in the cloud with faster deployment at a lower cost.”
“We built our system so it’s extensible. We not only make the applications available as a service, we make the underlying platform on which this was built available as a service also.”