The Business Case for Systems that Unify Management of People and Financials
"Today’s CFO knows that human capital is an organization’s most valuable asset, but in practice most organizations rarely connect their investments in people to their overall financial performance. A primary reason for this gap is that business processes and applications for supporting the workforce are isolated from the company’s financials and often function only within a line of business; as a consequence, it is hard for the CFO and other top management to understand the impacts of investments in human capital on the top and bottom lines. Companies typically have separate applications for managing talent, human resources, compensation, expenses and spending, and they use individual spreadsheets and business intelligence tools to analyze them and monitor performance. These silos of systems make it almost impossible for finance professionals to gain visibility across the business to focus on delivering optimal results."