finance and hr: an inside look at the cloud's new power couple
Post on 21-Jan-2018
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Finance and HR are perfect partners…
Operational Performance
ComplianceBudgetingBusiness Analytics
Business Decision-Making
THEY HAVE A JOINT FOCUS ON:
Workforce Planning
Strategic Planning
But what benefits do organizations see as they move Finance and HR to the cloud?
Oracle and MIT Technology Review Custom partnered on a survey of 700 respondents around the world to find out.
Respondents represent a myriad of roles and geographic areas.
C-level44%23%33% Mid-level Mgr
Senior Mgr
Role
EMEA300140260 Americas
APAC
Geography
And represent different industries.
27% 10% 7% 6% 3%21% 9% 7% 6% 3% 1%
Financial services
Manufacturing
Pharmaceuticals and life sciences
Healthcare
Media and entertainment
Other
Professional services
Construction, real estate and management
Distribution
Energy and utilities, including telecommunications
Public sector, non-profit
Industry
More companies are embracing the cloud.
of respondents say their finance and HR functions have fully transitioned to
the cloud.
34%
of businesses plan to create a shared finance and HR function in the
cloud within a year.
35%
Why are companies so driven?
say they’re most motivated by improvements in productivity
and performance.
say they’re most motivated to reduce costs.
42% 32%
Key reasons for moving finance and HR to the cloud:
Have systems that can adapt faster to change
Increase security of systems
Improve the ways data is shared across different departments
IT staff or skills shortages required to run existing systems 38%
37%
36%
33%
Ability to meet senior
management’s information
requirements
89%
The results? Finance and HR cloud migrations have met or exceeded expectations.
Quality of decision-making
Internal IT cooperation
87% 87%
Agility to respond to market
opportunities and challenges
90%
Data quality74%
Flow of information70%
Collaboration70%
Organizational integration67%
Process quality74%
Companies that embrace the cloud also see significant benefits and process improvements.
Download your copy now.
TAKE A CLOSER LOOK AT THE SURVEY TO LEARN MORE ABOUT THE BENEFITS OF MOVING FINANCE AND HR TO THE CLOUD.
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