5 Insights to Keep Your Finance and HR Initiative on Time and Under Budget

Importance of Collaboration for Cloud Transformation

Organizations have discovered that close collaboration between Finance and HR can help ease the transformation to the cloud. Leveraging Finance and HR during the cloud transformation helps drive success because it couples two of an organization’s most powerful assets: people and money.

As in any transformation, there are challenges to overcome. For example, Finance and HR tend to have different perspectives: Finance values hard.

metrics and views people as a cost, whereas HR tends to focus on soft metrics and views people as an asset. By combining these distinct perspectives, organizations find that they improve both functions.

Almost half (46%) of survey respondents report that collaboration between Finance and HR professionals has significantly improved, and 52% say that the relationship between IT, HR, and Finance is even better than expected.

Based on survey data leveraged from Finance and HR: The Cloud’s New Power Partnership, this guide identifies five proven tactics to smooth the transition to the cloud:

1. Prepare for the integration challenges you will face.
2. Anticipate and address the fear of disruptive change to familiar processes and ways of working.
3. Recognize and reverse the impact of organizational inertia on major cloud initiatives.
4. Understand the realities of cloud security and use this knowledge to combat misconceptions.
5. Take a proactive approach to getting the facts on cloud total cost of ownership, and defuse cost concerns with a fast and clear path to project ROI.

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