Finance and HR:AN INSIDE LOOK AT THE CLOUD’S NEW POWER COUPLE

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.