Oracle | It’s Cloud or Bust

A strategic vision requires HR contributions.

HR and finance teams continue to become more interdependent, making it essential for them to work from the same data sets. This is nearly impossible to do with separate on-premises systems. The cloud allows datasets to be unified, creating a single source of truth from which HR and finance can make predictions and work proactively.

The cloud also allows teams to simplify day-to-day processes, alleviating the burdens of common activities through automation and streamlined workflows. As businesses grow more complex, the simplification of everyday work becomes paramount for enabling business agility.

For CHROs and chief people officers, cloud-enabled technology is creating more HR tools and greater opportunities to work strategically, says Kathryn Seni, a general manager for Keystone Partners, an HR consultancy group.

All of the cloud-based technologies and the Internet of Things and AI and automation: Really it’s happening across the board in the HR space,” Seni says. “In large measure, this is enabling and facilitating a lot of the more traditional administrative and compliance functions.”

That frees up HR leaders to focus on higher-value, big-picture work, such as strategic planning for their companies, Seni says.

Instead of generating a job offer letter, for example, a chief people officer could be spending his or her time meeting with the CEO to discuss higher-level business strategy and how it translates into an overarching talent strategy. Or a CHRO could have more time to develop employee experience and engagement programs, or other plans for maximizing the skills and talents of the company’s workforce, Seni says.

“HR tech is obviously a really hot space. Technology is helping to evolve HR, not just in terms of its processes and systems, but also as a function—as more of a people and human function,” she says.

Cloud-based HR tools are also quickly and easily integrated, Seni says. “There are so many of these really interesting technologies, and because they’re SaaS and they’re in the cloud, and they’re Internet of Things, they’re also enabling the integration for these different platforms.”

In contrast, on-premises systems cannot provide the advantages modern human resource management (HRM) teams need to be successful. Specifically, on-premises systems can be more difficult to implement, integrate, and upgrade—and often require more-active ongoing management from HR and IT as well.

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It’s Cloud or Bust

A strategic vision requires HR contributions.

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