Oracle Modern Best Practice for Finance and HR

Four Quick Steps to Digital HR
Finance and HR: The Cloud’s New Power Partnership

37% of companies chose the cloud to help their HR and finance teams collaborate.

34 Ways Your Finance and HR Clouds Need to Connect
34 Ways Your Finance and HR Clouds Need to Connect

Discover how connected Modern Best Practice processes built into Oracle’s ERP Cloud and HCM Cloud can help you streamline operations, recruit the best talent, and deliver intelligence-driven outcomes.

Wake Forest Medical Embraces Innovation with Oracle Cloud’s Embedded Business Processes
Wake Forest Medical Embraces Innovation with Oracle Cloud’s Embedded Business Processes

Constant innovation and embedded business processes in Oracle ERP and HCM Cloud make it easy to adopt new functionality and drive ROI.

Moved to a Unified ERP and HCM Cloud Yet?
Moved to a Unified ERP and HCM Cloud Yet?

Discover how your business compares to those that have made the shift to a connected ERP and HCM Cloud. Get a personalized cloud unification score.

 

Финансы и управление персоналом: тесно связанные комплексные процессы

 

 

HCM Infographic

Взаимосвязанные ERP и HCM: успешный союз в облаке


Один в поле не воин. Эта фраза относится и к любому современному предприятию. Ни одна бизнес-функция не сможет действовать изолированно. Функциональные границы уже давно размыты. Каждый бизнес-процесс — это комплексная функция, и все процессы должны быть тесно связаны. В противном случае ваше предприятие может подвергаться риску.

Нет двух более взаимосвязанных функциональных областей, чем департамент финансов и управления персоналом. Степень их взаимозависимости легко понять при анализе влияния изменений политики управления персоналом, статуса сотрудников и/или организационной структуры. В мире, где наблюдается дефицит настоящих специалистов, политика, структура и статус постоянно меняются. Рутинные изменения могут привести к необходимости существенной модификации процедур безопасности, утверждения, рабочих процессов, прав доступа, привилегий на основе ролей, бизнес-правил и, конечно, соблюдения нормативных требований.


Five Modern Best Practices for Connected Finance and HR—A Simple Illustration
 

 

 

Transform Your Business by Bringing Finance and HR Together

Transform Your Business by Bringing Finance and HR Together


Daily Close to Financial Forecast

Organization Change Impacts Approvals—a regional CFO is promoted to a global responsibility; it's important from day one that the new Global CFO has access to dashboards that cover the entire operation. Simultaneously, the regional CFO replacement gains access to appropriate dashboards and gains approval privileges that reflect their new role. Learn more about Oracle Modern Best Practice for Daily Close to Financial Forecast

Requisition to Receipt

Policy Change Impacts Compliance – all purchases of a certain category, say for contingent labor must be subject to VP level approval within the accounting function. If HR and Finance are in sync, the policy is immediately reflected in all the appropriate workflows without the need for human intervention. Learn more about Oracle Modern Best Practice for Requisition to Receipt

Budget to Approval

Organization Change Impacts Budgets—your company has decided to increase the amount of sales personnel to capitalize on new products in the marketplace. New departments and budgets will need to be created and approved. Learn more about Oracle Modern Best Practice for Budget to Approval

Insight to Smart Sourcing

Organization Change Hinders Contract Negotiations— to reap the benefit of smart sourcing, there are many departments involved: purchasing, subject matter experts, contract specialists, and accounting. Any personnel/organization changes in these departments can hinder the effectiveness of negotiations. Up-to-date organizational records allow review and approval routing to be executed without a hitch. Learn more about Oracle Modern Best Practice for Insight to Smart Sourcing

Expense Report to Reimbursement

Policy Change Reduce Expenditures—the office of the CFO found travel costs to be considerably over budget after an analysis of expenditures. Adopting a new travel policy across the entire organization which requires video conferencing first or a travel justification and management approval second will reduce unnecessary travel. Learn more about Oracle Modern Best Practice for Expense Report to Reimbursement



Get Started