Deciding to move to the HCM cloud services can bring the businesses significant improvements in employee experience. This includes essential automatic tools to free workers from various time-consuming operations, recruiting improvement, and more. While moving to the Oracle HCM cloud business process might seem a not complicated task, convincing key stakeholders to change the virtual environment can appear quite challenging. You need to develop a specific, compelling and convincing HCM Cloud business case. In this article, we will introduce you to several necessary steps for building the business case for HCM Cloud.
How to build an effective HCM Cloud business case
1. Build structured background of a business case
While many enterprises don’t have enough funds, their request for investments is still present. This way, make some effort to present your project as the chance to optimize your business significantly in multiple areas. This allows you to attract the attention of investors and get the necessary amount of money for project implementation. HCM Cloud solutions can take an enterprise to the next level. That’s why it is essential to convince your chief financial officer to invest in a new project. CFOs tend to fund projects that can bring vital business benefits regarding the promising business results, so prove that an HCM Cloud business case has all chances to boost different aspects of the current business model.
2. Concentrate on the correct problems
Generally, HCM Cloud can be effective for HR staff and their leaders, but your goal should be to show CFOs why a project is valuable for the entire corporation. You need to focus on demonstrating how a project will benefit multiple areas of your business, not only one part of an organization. Additionally, it would be better to show some data to prove your claims.
3. Make it urgent
In most cases, just showing how an HCM Cloud business case can be helpful for the organization is not enough. You should focus on making sense of urgency around it. This can boost the process of implementing it inside a corporation. Your team can agree to develop a project, but they aren’t likely to make some effort once they don’t consider it immediate. Explain to your team and CFOs why postponing a project can cost an organization in the long run.
4. Create a plan for success
Once you have completed all the previous steps, you are on a finish stage. Undoubtedly, migration to an HCM Cloud can turn out to be anxious for workers and business operations. To prevent a company from possible disruption, your goal is to make a plan that proves that moving to a Cloud is instead a success than a disruption. Make sure your method involves the implementation of a project and adoption to eliminate any fear of your team. It is needed to demonstrate that both departments in Oracle Cloud HCM and the business unit can benefit from project deployment.