CIOs, CFOs, and CHROs are under pressure to ensure strategic success across the organization – learn in this blog how Unit4 ERP makes this a reality
CIOs, CFOs, and CHROs are all under increasing pressure to ensure strategic success across finances, people, and technology.
Organizations, and their executive leaders, need technology that supports an integrated ecosystem of data that provides a single source of truth across functions. For service-based firms, success increasingly depends on having modern systems that puts data first.
Finance, HR & Project teams need the ability to seamlessly leverage data within their respective teams to make data-led decisions, operate flexibly, and empower everyone in the organization to understand performance and how they contribute.
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In this blog, we’ll explore how Unit4 ERP empowers the offices of the CIO, CHRO, and CFO to enable the cross-functional collaboration needed for modern and optimized operations.
ERP for the Office of the CFO
The Challenge
The CFO’s role is changing, and the modern CFO is now tasked with managing and communicating financial performance across all functions of their organization.
They must manage spend, financial resources, and track performance across the organization – from planning to delivery. With a much wider remit, the systems that a CFO uses must provide more insight as well as reporting capabilities.
The office of the CFO must prioritize systems that are capable of deep insights, integrated data. Importantly, managing the cost of those systems is equally important as ERP costs need to be efficient and predictable.
How Unit4 ERP helps
Holistic Data across internal departments and external sources:
Unit4 ERP seamlessly integrates HR, financial, and project data, providing CFOs with real-time insights into all facets of the organization.
Unit4 ERP can integrate with third-party applications and data sources via our integration service, consolidating diverse data points into a single source of truth that every employee can access and understand.
This connectivity empowers CFOs to leverage a broader range of data for strategic planning, risk management, and performance optimization, particularly valuable in times of heightened uncertainty and the need for agile decision-making.
This comprehensive view enables CFOs to make informed decisions quickly, which is crucial in navigating today’s unpredictable market, marked by inflation, supply chain disruptions, and increased compliance.
Cost Efficiency and Flexibility
With Unit4 ERP, employees can easily make system changes without the need for costly external consultants, minimizing the total cost of ownership (TCO).
This flexibility ensures that organizations can adapt to change rapidly and efficiently, saving both time and resources—a critical advantage when managing tight budgets and responding to financial pressures.
The Outcome
By providing the Finance team with 24/7 access and visibility of all costs – billable rates, absences, L&D, recruiting costs, travel, and expenses to name a few – the CFO gains unrivalled visibility of resources, helping them understand, track, report, and manage financial performance and assets.
ERP for the Office of the Chief HR/People Officer
The Challenge
The CHRO must ensure that the organization has the necessary skills and talent to achieve and support corporate objectives, both today and in the future. Hiring and retaining the best people requires development opportunities and regular engagement, often with employees working remotely.
For productivity and user experience, the CHRO must enable a modern work experience, where mundane tasks are automated, flexible work is supported, and people managers have the data they need to monitor engagement, satisfaction, and maintain a continuous feedback loop – a data-driven HR culture.
How Unit4 ERP helps
Adapting to Organizational Change with Agility
Unit4 ERP’s flexible foundation is built on a unified data and workflow model, allowing organizational structures to be modified quickly and seamlessly. This ensures that changes are accurately reflected throughout the system without compromising data integrity. As a result, CHROs can implement change with confidence.
Strategic Workforce Planning and Talent Management
CHROs today are in a battle for talent, tasked with managing skills gaps, talent shortages, and aligning workforce capabilities with strategic goals. Unit4 ERP provides essential HR data in near-real-time, enabling CFOs and CHROs to make data-driven decisions around recruitment, and talent management.
By having immediate access to data on skills, employee performance and engagement scores, HR leaders can forecast future needs more accurately, enhance recruitment strategies, and ensure that performance reviews are grounded in data.
Improving Employee Experience and Retention
One of the biggest challenges for CHROs is enhancing employee engagement and retention in a hybrid or remote work environment. Unit4 ERP supports a connected and engaging employee experience by streamlining HR processes and workflows.
Integration allows employees to interact with HR services more effectively, improving satisfaction and reducing the administrative burden on HR teams. A data-led HR service ensures employees feel valued and contributes directly to higher satisfaction and retention while also empowering employees with data themselves.
Ensuring Compliance and Managing Risks
Navigating regulatory compliance and managing associated risks is a significant challenge for CHROs, especially with evolving labor laws and data privacy requirements.
Unit4 ERP offers a centralized, near-real-time view of compliance-related data, helping CHROs monitor and respond to compliance risks. This reduces the risk of non-compliance penalties and protects the organization’s reputation, while also ensuring that HR processes adhere to the latest regulations.
The Outcome
Unit4 ERP enables 360-degree performance reviews, supports strategic workforce planning, identifies skills gaps, and improves employee engagement and retention, ultimately driving a more connected and efficient organization.
A holistic approach provides real-time access to comprehensive employee data, enabling managers to make more informed assessments and deliver targeted feedback.
ERP for the Office of the CIO
The Challenge
As organizations move towards an integrated model, it’s down to the CIO and their team to maintain stability and governance. IDC recognizes that “making information available vs. stable data and business policies to govern decision making” is still a struggle for the CIO.
In any organizational structure there are a myriad of operational connections and systems used to connect Finance, HR and Projects. When these connections are handled via legacy integrations between disparate systems from multiple vendors, the resources, time, and costs become unmanageable, not to mention maintenance.
It’s also unreliable and risky given these datapoints drive business critical processes like invoicing. When systems aren’t integrated, every one of those connections represents time, cost, and risk that a CIO must navigate.
How Unit4 ERP helps
User Empowerment and Agility
Unit4 ERP’s flexible architecture allows users to make changes independently, reducing reliance on consultants and minimizing delays associated with traditional change request processes. This empowers teams to adapt quickly, streamlining workflows and freeing up IT resources for more strategic initiatives.
Unified Platform and Data Model
By integrating Finance, HR, and Projects within a single ERP platform, Unit4 ERP eliminates the need for costly and complex third-party integration tools. A unified approach ensures seamless data flows and zero integration costs, accelerating innovation and reducing ongoing maintenance burdens.
Simplified Integration Management with Managed Integrations
Unit4’s integration service manages third-party connectors, reducing the total cost of ownership (TCO) and ensuring that integrations remain up to date with the latest technology. This simplifies the maintenance process, mitigates risks, and guarantees the stability and reliability of critical business processes.
The Outcome
As a highly secure, microservices platform, Unit4 ERP gives you the flexibility, scalability and continuous innovation you need to enable smooth operations and support the growth of your organization.
A single user experience ensures consistency in training, faster onboarding, and better cross-team collaboration, while configurable workflows enable automated decision-making across departments.
Liberate your C-suite with Unit4 ERP
By integrating Finance, HR, and Projects within a unified platform, Unit4 ERP simplifies data management, reporting, and analysis, delivering real-time insights that are critical for strategic decision-making.
For CFOs, this means immediate access to integrated financial and operational data, enhancing financial oversight and decision-making.
For CHROs, it provides a holistic view of employee data, supporting strategic workforce planning and performance management.
For CIOs, it reduces the complexity and costs associated with managing disparate systems, ensuring stability and governance.
To learn more visit our dedicated page for ERP, or talk to sales, today!
