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Advice and Information for Finance Professionals

Learn How to Measure the Value of Your Cloud Investment

Guest Author

By JP Saunders, VP Business Value Consulting, Oracle

As organizations embark on their cloud journey, or are well underway and looking to expand, they need to develop a deeper understanding of the value they have achieved, or the potential value they could derive, from their cloud investments.

Questions to help you measure success:

  • Is your business taking the rights steps on its journey to the cloud to mitigate risk and maximize ROI?
  • Are you achieving the desired benefit from your Oracle Cloud investments?
  • How do your investments stack up to other businesses in your industry?
  • How should you be measuring your investments for success?
  • What are the right next investments to achieve your goal?

Whether you are seeking to transform your customer experience, modernize your back office, or just leverage the agility of the cloud to connect disparate data—every step in your journey to the cloud requires relevant and insightful business justifications for change that can effectively align your organization around the right plan for success.

The Oracle Value Realization Program is designed to help Oracle Cloud customers understand realized value, and achieve the full potential value from cloud investments.

Through this program, we like to help our customers:

  • Increase likelihood of cloud adoption and success
  • Identify areas to improve and achieve “full potential”
  • Promote success amongst organizations and key stakeholders
  • Quantify program value to drive adoption and consumption
  • Communicate in a language that resonates with stakeholders

The Oracle Value Realization Program regularly works with customers to understand the value of their implementations and then benchmark against their results. Two of our latest reports for ERP Cloud and HCM Cloud show examples of significant improvements that can easily be achieved:

  • 50% faster closing process – Oracle customers were able to improve the speed and accuracy of all aspects of the extended financial close and improve closing process by 50% on average
  • 68% faster payroll processing - By using dashboards to monitor processes and automating with payroll flows and checklists, customers reduced time by 68%, driving efficiency and accuracy
  • 26% improvement in staff productivity - Staff spent fewer hours on routine finance activities and more time on strategic activities, such as spend analysis, supplier development, sourcing, contract negotiation, and supply optimization—which boosted productivity by 26%

“The Oracle Value Realization Program allowed us to track our key performance indicators to maximize the benefits of our cloud experience.” Steven Van Houten, CFO, Rancon Group Inc.

This week at Modern Business Experience in Las Vegas, customers attending the event will have the chance to build their case for change at the Oracle Empower Lounge, hosted by the Value Realization Team. The Empower Lounge will provide the setting for value-based, one-hour interviews and workshops that deliver value realization insights and benchmarks, along with high level business case development for future investments. Don't miss your chance to schedule your complimentary one-hour session with our seasoned experts and receive your personalized case for change.

Are you ready to realize the value of your investment? Schedule a One-Hour Interview at the Empower Lounge.

In the meantime, I am excited to share with you the 2019 Benchmark Reports for both our HCM and ERP customer success.

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