Finance & HR: 43 Touchpoints Exposed
There are an infinite number of connections between the finance and HR functions. Think about it: every time an employee bills hours to a client, travels for work, is assigned a new mobile plan or buys a new laptop, the transactions must be logged in both your HR and finance systems.
Your people are a critical resource–along with your ideas, processes, technologies and data. So why split this most important resource across two separate systems? Why have one cloud solution for HCM (human capital management) and another for ERP (enterprise resource planning)? These are elements of the same system. Yes, they serve two business functions, but siloing finance, HR and other related areas can be a recipe for increased cost, lower business efficiency and poor employee engagement.