Intelligent CIO Middle East Issue 22 | Page 52

INTELLIGENT BRANDS // Cloud Finance and HR leaders shape digital disruption, new research finds To enable organisations to thrive in a competitive digital marketplace, Oracle and the MIT Technology Review recently released a new study that highlights the importance of collaboration between finance and human resources (HR) teams with a unified cloud. F inance and HR: The Cloud’s New Power Partnership outlines how a holistic view about finance and HR information, delivered via cloud technology, empowers organisations to better manage continuous change. Based on a global survey of 700 C-level executives and finance managers, HR managers and IT managers, the study found that a shared finance and HR cloud system is a critical component of successful cloud transformation initiatives. Among the benefits of integrating enterprise resource planning (ERP) and human capital management (HCM) systems are easier tracking and forecasting of employee costs 52 INTELLIGENTCIO “The study found that a shared finance and HR cloud system is a critical component of successful cloud transformation initiatives.” www.intelligentcio.com