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Trending Questions

One cloud solution for finance and HR

74 percent of businesses say cloud migration will enable greater cross-team collaboration, but can HR and finance truly align? As a finance or HR leader, you shouldn't have to struggle to share information from disparate systems. A unified solution for finance and HR provides insights into how change impacts budgets, forecasts, talent, resource allocation, and more.

Collaborative enterprise resource planning

MIT Technology Review Insights thumbnail

Check out how companies worldwide conduct strategic enterprise planning—particularly in uncertain times. MIT Technology Review Insights, in association with Oracle, surveyed in second half of 2020, 860 executives across various departments including finance, human resources (HR), supply chain and logistics, and information technology.

  • 62% of organizations now conduct some form of scenario modeling as part of the enterprise planning
  • 55% of organizations have accelerated cloud adoption in 2020
  • 51% of organizations focus on strategic workforce planning—examining required skills, competencies, and costs

5 reasons to unify HR and finance with Oracle Cloud

An integrated cloud helps you:

  1. Ensure business continuity with one secure HR, finance, and operations cloud
  2. Rapidly prioritize what matters by digitizing connected business processes
  3. Gain visibility into business health through a single common data model
  4. Lower your total cost of ownership by reducing complex integrations and maintenance
  5. Continuously innovate with quarterly software updates

Be ready for anything and fully prepared to pivot forward into what’s next for your business. Choose Oracle Cloud ERP and Oracle Cloud HCM and discover how an agile, scalable, end-to-end intelligent cloud unifies your finance and HR organizations.

Working together is beneficial for finance and HR

Besides the benefits gained from working together, finance and HR also see clear rewards within their own organizations. In other words, HR is stronger as a result of collaboration with finance, and finance is stronger from collaborating with HR.

  • The HR organization sees improvements in areas, such as employee engagement and productivity, with AI-guided processes giving employees the support, insight, and collaboration they need to thrive and grow.
  • The finance organization benefits from improved processes that are not just automated to improve speed, accuracy, and consistency, but revolutionized through artificial intelligence (AI). Finance can plan, budget, and outperform expectations with increased agility and reduce risk through automated controls.

Organizations are gaining greater productivity by:

  • Giving people information needed to do their job more effectively (31%)
  • Automating tasks and decreasing workload to prevent burnout (27%)

Source: AI@Work Study 2020

Pivot forward with Oracle Cloud ERP and HCM

With Oracle Cloud, HR and finance can efficiently collaborate and plan for the future, with confidence that the information shared is consistent and accurate. Prepackaged, real-time analytics help teams make strategic decisions and improve business agility in times of urgent change.

Oracle Cloud brings together ERP and HCM on one cloud platform with a common data model. Having a single employee record across finance and HR streamlines processes, eliminates redundancy, and reduces errors. With a unified solution, many functions that span finance and HR—workforce planning, payroll, time and labor, procurement, and accounting—gain increased productivity and streamlined processes.

Oracle Cloud offers an end-to-end solution that is agile, scalable, and intelligent. It includes built-in artificial intelligence and machine learning as well as conversational digital assistants and chatbots for simple, easy interaction. Oracle Cloud also offers the flexibility to expand cloud capabilities to other areas of your business beyond finance and HR.

Finance and HR dashboard for a unified view
An intelligent solution for smarter work. Increase engagement, productivity, and profitability. Learn how to build resilience with one cloud for HR and finance.

For the life of me, I can’t think of a rationale why you would go with separate vendors for HCM and ERP.

Customer successes with Oracle Cloud ERP and HCM

TrueBlue unifies finance and HR with Oracle Cloud

TrueBlue replaced over 20 solutions – including Infor, Workday, and Blackline – with a unified Oracle Cloud solution to streamline its back-end operations and connect people with work. “We didn’t integrate our old applications with Oracle applications,” says TrueBlue CFO Derrek Gafford. “We are replacing all of those applications entirely.”

Baylor University migrates its financial and HR systems to Oracle Cloud

Moving its financial and HR systems to Oracle Cloud ERP, EPM, and HCM has helped the university spend its budget where it counts most: in the classroom and research lab. “I’ve been in IT for 20 years, and I’ve never before seen a company’s products advance as quickly in a year as the Oracle Cloud products advanced.” Says Jon Allen, Interim CIO and Chief Information Security Officer, Baylor University.

Event replays

HCM Virtual Summit: Uniting HR and Finance: Navigate with Confidence

Learn how integrating Oracle HCM and Oracle ERP together can humanize tasks, improve productivity, and spur intelligent change.


Strategically Connecting HR and Finance in the Cloud

Hear the experts from Oracle and CFO Magazine discuss how a unified cloud platform for ERP and HRMS supports joint HR and finance goals. Discover how to forecast 25% faster, complete talent reviews in 70% less time, and close the books faster by connecting HR and finance in the cloud.

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