Here at Oracle, we like to talk about finance and HR as “A Marriage Made in Cloud Heaven.” There’s no doubt that the two lines of business are tightly intertwined—employee salaries and benefits are one of the biggest line-item expenses for a business, and the quality of a company’s talent can make the difference between financial growth and stagnation.
That’s why, here at Oracle, we take a tightly integrated approach to our finance and HR cloud software applications—and why we’re co-locating our major events again this year.
On April 11-13 in Boston, the Modern Finance Experience and Oracle HCM World will be hosted at two venues right across the street from each other. There will be joint activities that both finance and HR professionals can attend together. In addition to that, we thought we’d put together a list of sessions at both events that will be of interest to anyone whose responsibilities overlap between finance and HR. If you fall into this category, read on.
How fast can you respond to management's request for insights on the revenue impact of a potential acquisition or new product? And what about getting a new subsidiary or business unit integrated into your reporting structure, or on boarding a new finance executive? Join the AICPA and Accenture as they unveil new research on the new operating model for modern finance and the traits of agile finance leaders.
Transforming a finance organization to take a leadership role in changing your business requires more than producing great reports. You might start with redesigned structures, streamlined processes, and game changing technology, but the right talent brings it to life. Today’s finance professional is a strategic leader and skilled communicator with a keen sense of business acumen. Learn how Oracle Global Business Finance created a finance business partner community that delivers this kind of value added insight to senior business executives.
Finance functions are becoming more efficient, more effective and a better partner to the business but stakeholders’ expectations of a modern finance organization are increasing. Many companies have centralized some finance and accounting processes to improve efficiency and some have already established shared service centers for transaction processing. But to meet the rising expectation of the business, the finance function must transform into Centers of Excellence to deliver more complex tasks such as Tax or IFRS Reporting. In this session we will discuss strategies of making this operating model transition a reality while ensuring process compliance and employee buy in.
For many organizations their workforce is their biggest single expense. Furthermore, the skills of the workforce are one of the single largest contributing factors towards successful execution on corporate strategy. Strategic Workforce Planning helps companies better plan the right skill set, at the right time, at the right place, at the right cost. Hear from a customer who has taken a Strategic Workforce Planning approach to realize synergy between corporate financial planning and HR.
With the rise of intangible assets as drivers of value creation, intellectual property and the talent that creates it have become two of the most essential elements of digital age success. Join this session to learn how high-performing CFO-CHRO teams use a unified ERP-HCM Cloud platform to both enrich the employee experience, and gain valuable insights into employee engagement and retention through integrated reporting, analytics, and social capabilities.
A unified purchase and implementation of Oracle Cloud ERP Oracle HCM Cloud offers many benefits: operations are simplified and streamlined, and companies are better able to support marketplace changes and growth. Executives and managers have access to cross-functional data for better decision-making, whether it's a financial or people measure. Learn how Sinclair Broadcast Group, a US$2.2B telecommunications and media company, embarked on a journey led by KPMG to migrate its ERP and HCM together to Oracle Cloud.
Payroll is one of the most demanding areas to manage. It requires meticulous attention to detail to keep up with the rules and regulations for every region and position. Join this panel of experts as they share their experiences with payroll in the cloud.
With a history going back more than 200 years, Eastern Bank is the largest and oldest mutual bank in the US. The company needed to improve its HR management system to understand its people better, reduce paper transactions, and provide a more efficient payroll system to employees. Eastern Bank chose Oracle HCM Cloud because it is in a highly regulated industry with complex processes and high security requirements. Learn about the benefits and results of Eastern Bank’s HR transformation and how it integrated with two bookkeeping systems and a general ledger.
Speaker: Ed Saras, Senior Vice President, Eastern Bank
Ocwen Financial Corporation (NYSE:OCN), a leading mortgage servicing and loan origination services company, wanted to increase efficiencies, reduce costs, and enhance internal controls through standardized global processes. Ocwen chose the Oracle Cloud for a full HR and financial transformation project, incorporating an array of Oracle Cloud offerings, including ERP, procurement, HCM, planning and budgeting, learning, and more, for 12,000 employees across three continents. Learn how Oracle Cloud integrated business processes across multiple divisions and expansive geography, successfully standardized financial and internal controls, consolidated disparate systems and processes, and leveraged the cloud to reduce IT footprint and manage infrastructure costs.
Wake Forest Baptist Medical Center recently made the decision to replace its on-premises Oracle's PeopleSoft solution with Oracle HCM Cloud and Oracle ERP Cloud. Throughout the process, Wake Forest Baptist worked with closely with New Resources Consulting (NRC) to prioritize multiple decision factors (cost, performance, resources, schedule, security, modules, and support) while ensuring maximum value from the systems and best practices incorporated into current and future processes. Hear how Wake Forest Baptist’s investment in the cloud allows it to modernize financial and HR systems and processes while delivering greater flexibility, engagement, and access to employees, as well as decreasing hardware and software support and maintenance activities required by IT staff.
Speaker: Chad Eckes, EVP, Corporate Services and CFO, Wake Forest Baptist Health
One of the biggest challenges of digital disruption is the organizational change required to instill a mindset of continuous transformation in employees. Hear recognized organization development expert Donald Anderson share case studies and lessons from his latest book on organizational change, including his work with Oracle's executive management to create a culture of continuous learning and transformation within Oracle Finance, using Oracle HCM Cloud applications. Attendees will leave with practical advice and a blueprint to instill an organizational change mindset at their companies.
Speaker: Donald Anderson, Director, Organization Development Consultant, Oracle
Our opening keynote on Wednesday morning will be a joint address from Clayton Christensen—author, Harvard Business School professor, and one of the most influential management thinkers in the world, topping the Thinkers50 list in 2011 and 2013. In his latest book, Competing Against Luck: The Story of Innovation and Customer Choice (HarperCollins 2016), Christensen contends that by understanding what causes customers to "hire" a product or service, any business can improve its innovation track record—creating products that customers not only want to hire, but that they’ll pay premium prices to bring into their lives.
You won’t want to miss the Customer Appreciation Event on Wednesday evening at the House of Blues. You can connect with your finance and HR peers, network with experts and event speakers, or just relax and enjoy the band.
Performing at the House of Blues will be the Goo Goo Dolls, who have had 19 top ten singles on various charts, and have sold more than 12 million albums worldwide. We’re sure you’ll recognize songs like “Slide,” “Name,” and “Iris” that held the number one position on the Billboard charts for 17 consecutive weeks. The Goo Goo Dolls released their 11th studio album, “Boxes” in 2016.
Don’t miss this opportunity to learn how finance and HR can work better together.