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Oracle Unified Finance and HR in the Cloud
The Cloud Frees Business Leaders to Focus on What’s Important
Migrating finance and HR systems to the cloud improves collaboration and saves more than expected. A recent global survey conducted by MIT Technology Review Custom—in partnership with Oracle—explores the motivations, benefits, and rewards that result from deploying finance and HR systems to the cloud.
When the Cloud Rolls in, the Picture Brightens
The survey drew 700 respondents from around the globe, including C-level executives and senior and mid-level managers from finance, HR, and IT.
Looking to explore how deeper collaboration can boost productivity and accelerate innovation, respondents cite moving finance and HR systems to the cloud as a strategic necessity, not just a pathway to cost reduction.
Survey findings include:
- 35 percent of respondents plan to create a shared finance and HR function within a year
- 42 percent say they are motivated by improvements in productivity and performance
- Almost 90 percent say cloud migration costs were either lower than or in line with expectations
- 41 percent of C-level executives say the cloud enables them to reapportion their time to focus on revenue generation
- 46 percent of respondents from finance and HR say that their collaboration with each other has significantly improved
“The workload of IT has been dramatically reduced and we’re now able to utilize most of our time doing strategy for the organization.”
MIT Technology Review Custom: Finance and HR in the Cloud
Get additional findings and hear from customers who have deployed finance and HR in the cloud.