A shared finance and HR cloud system is a critical component of successful cloud transformation initiatives, says a global survey of 700 executives and finance, HR, and IT managers conducted by Oracle and the MIT Technology Review. The study, “Finance and HR: The Cloud’s New Power Partnership”, outlines how a holistic view into finance and HR information, delivered via cloud technology, empowers organisations to better manage continuous change.
Among the benefits of integrating enterprise resource planning (ERP) and human capital management (HCM) systems is easier tracking and forecasting of employee costs for budgeting purposes. Additionally, integrated HCM and ERP cloud systems