Oracle and MIT new research brings the insights from business leaders that can now dedicate quality time to real decision making thanks to the unification of HR and Financial systems in the Cloud environment.
Cloud migration that integrates finance and HR systems is proven to improve internal collaboration - between the functions and with the IT team, and deliver better performance in terms of cost and time to deliver. A recent global survey conducted by MIT Technology Review Custom - in partnership with Oracle - explores the drivers, priorities and benefits that can be derived from linking cloud based finance and HR systems.
The research goes on to provide guidance on those factors critical to the success of such transformation, and insights into the unexpected benefits of the project including cost and time taken - as well key lessons with regards to skills gaps and how departments will need to evolve to stay agile.
New research from MIT Technology Review Custom and Oracle reveals how HR and Finance teams are teaming up to lead their companies to a unified cloud. Read this infographic for a recap of the findings.Get ready for cloud transformation
37% of businesses have moved their HR and Finance systems to the cloud to improve the way data is shared between departments. Read this blog to find out how HR and Finance teams shift in the cloud.Cloud Transformation Blueprint
Custom Fleet automated financial and planning tasks with Oracle ERP and EPM Cloud and gained real-time insight into business performance. It also reduced HR administration tasks from 50% to 30% with Oracle HCM Cloud.Watch Now
“The workload of IT has been dramatically reduced and we’re now able to utilize most of our time doing strategy for the organization.”
Get additional findings and hear from customers who have deployed finance and HR in the cloud.
Assess yourself and find out if your financial practices are a Best or Broken
ERP Assessment: Are your Financial Practices Best or Broken?
HCM Assessment: Time for a cloudability check-up?