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Can Automation and AI make the Monthly Accounting Close Obsolete?

Tue, Nov 27, 2018 @ 04:00 AM / by Julio Dalla Costa posted in financial transformation, Thought Leadership, analytics, Automation, Accounting, cloud, S4HANA, AI, Compliance, Hot Tips, FinancialTransformation-Hot-Tips

Whether you’re a CFO or a financial controller, you know how much time and effort you and your team spend deep in concentration to get your monthly accounting figures to balance. Your accounts payable and accounts receivable work doesn’t get much attention unless things go wrong, but all the time you need to stay on top of your tasks to keep things running smoothly.

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Research Indicates that 70% of Sports Fans that "like or follow" Take Action

Mon, Oct 14, 2013 @ 07:59 AM / by Bryant Bonner posted in cloud, social media, analytics, sports and venue management, fan engagement

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Project Management at your Fingertips, Watch Quick Demo

Mon, Oct 7, 2013 @ 09:07 AM / by Izabela Basu posted in cloud, Travel, SAP Business ByDesign, project management, expense, reporting, demo

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Manufacturing Insight- A Hotbed of Technological Innovation Now and Forecasted

Mon, Sep 23, 2013 @ 12:59 PM / by Jennifer Cook posted in cloud, social media, human capital management, manufacturing, ERP, Thomas Register

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Get Practical with SAP HANA- Webinar Provides Step by Step What You Can Do Today

Wed, Sep 11, 2013 @ 08:41 AM / by John Froelich posted in cloud, SAP HANA, webinar, manufacturing, hosting

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Human Capital Management Systems Boost HR’s Hiring Power

Tue, Aug 13, 2013 @ 10:05 AM / by John Froelich posted in cloud, human capital management, HR, human resources

In today’s world, Human Capital Management (HCM) has become a necessity. Companies need business intelligence to prosper, HR departments included. So, if a business’s future depends on incoming talent, why do companies send out their HR infantries without the support to hook the right candidates? The only weapons in many HR departments’ arsenals are psychology and perception, which is not enough evidence to make critical hiring decisions. HR needs business intelligence.

human capital management systems

Now, cue in Human Capital Management (HCM) and business intelligence software, which is finally available to HR Departments. BI gives HR a leg to stand on beyond résumés and GPAs, and that extra boost of information in today’s competitive market can make the difference between surviving and thriving.

To give you an idea of how badly HR Departments need a makeover, a survey completed by the Economist Intelligence Unit (EIU) in May of 2012 asked 235 CFOs and CEOs to rank the performance of their HR departments. The results struck many HR representatives speechless.

Only 16 percent of C-level individuals ranked their recruiting of new talent as excellent, and only 12 percent ranked HR departments highly for developing key talent. Also, over 50 percent of C-level executives said their organizations would suffer in one year if a continuous stream of talent didn’t pass through their doors.

Albert Einstein’s definition of insanity is doing the same thing over and over again while expecting different results. The answer is simple: HR Departments cannot continue to function the same way they have in the past. Change is coming, and companies that want to maintain their competitive advantages need that steady flow of talent.

And hiring the right people isn’t going to cut it; retaining that talent is just as important. Intelligence on why people leave and at what stage in their careers they are more likely to jump ship is extremely valuable to a business’s planning, training, and overall retention rate.

Even the United States government has jumped on the HCM bandwagon. According to a report done by the U.S. Government Accountability Office (GAO), companies should consider implementing some form of HCM for the “strategic planning” capabilities.

Overall, Human Capital Management Systems have changed the way companies recruit and retain employees. It's beyond time to change the way you are thinking about your best asset, your human capital.

Need to get up to speed? Download the ebook on how to build a winning HR strategy.

 

 

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What does SAP's latest cloud announcement mean for you?

Thu, Aug 1, 2013 @ 04:13 PM / by Bryant Bonner posted in cloud, SAP, SuccessFactors

cloud providerDid everyone see the recent announcement that came out from SAP at the end of July on bolstering their cloud portfolio vision? (see announcement below).  It is becoming extremely apparent that SAP is focusing and investing heavily on its cloud offerings. What I am most excited about regarding this announcement are three things:

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Blog Spotlight: "Cloud: A top priority for CIOs"

Tue, Jul 23, 2013 @ 11:51 AM / by Bryant Bonner posted in cloud, Intel

cloudmobility resized 600Cloud is the hot topic right now and organizations must consider how they are using their cloud services to innovate in all aspects of use: private, public, or hybrid.

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Expanding and Managing Your Product Mix with Product Matrix Generator

Tue, Jul 9, 2013 @ 11:41 AM / by Doug Hammer posted in cloud, Product Matrix Generator, SAP Business ByDesign

Product Matrix Generator Hero (1) 1 resized 600

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IAVM VenueConnect 2013: See you in New Orleans!

Wed, Jul 3, 2013 @ 07:00 AM / by Bryant Bonner posted in cloud, OnDemand, IAVM, sports, venue

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