The year 2020 brought myriad changes to the business world, from the rise of remote work to the adoption of cloud technology. This article goes over reasons why cloud-based applications like those in Oracle’s HCM Fusion suite will be critical for businesses in 2021 and the foreseeable future.
A New Generation
A new generation of sophisticated users has arrived in the business world. Those new users desire smarter, friendly data-centric applications and platforms that ease the process of making important decisions. Oracle’s HCM Fusion applications make information easier to obtain and creates a culture of action that supports excellent customer relations.
Internal Organizational Improvement
Beyond facilitating outstanding customer interactions, cloud software can also make in-house relationships more fruitful. Reports from HCM cloud reports software facilitate the decision-making process of HR professionals in areas like compensation, succession plans, and training needs.
On a more general level, many businesses have found that the act of adopting a unified solution can make in-house operations smoother. Oracle’s Supply Chain Management & Manufacturing offering is a case in point: It brings areas like finances and operations together, helping the manufacturing arm of a company work in concert with supply chains and vice versa.
Handling Disruptions: An Essential Capability
Beyond handling the present, companies also need to be ready for the unexpected. In other words, they need to be prepared to respond to disruptions. While it’s not possible to predict every disruption, companies can position themselves to handle disruptions by adopting flexible cloud solutions.
Specific Oracle offerings serve as cases in point. What if you need to get a new application up and running without bogging other processes down? Supportive tools like BIACM make it possible to do so.
HCM Cloud Applications Built For You
If 2020 showed businesses anything, taking disruptions in stride is what sets thriving businesses apart from those more likely to lag and fail. The adoption of cloud solutions can boost any business’s outlook in that area. A single HR and finance cloud solution can go a long way in helping you increase efficiency and productivity. At DataTerrain, we offer business intelligence, reporting, and migration services. Contact us here to find out more and request our services.