Month: March 2022

Benefits and Advantages of Cloud Computing

Local servers are a thing of past now. You may want to choose just one backup for emergency rather than having number of servers saving the same data. Cloud computing is the future these days undoubtedly and it is going to change how we do business. It can be compared to a powerhouse meant to run a business efficiently, hence the reason for its popularity.

1. Lesser Issues:

Cloud based computing services may appear complicated to a layman’s eye but in reality, it poses meager issues as compared to server based solutions. There are companies whose sole job is to make cloud functional at all times, therefore they run cloud service on its servers dedicated to just this cause.

It is much more trustworthy than a local server.

2. Saving money with Cloud:

If a bug is noticed in a system, be assured that the company maintaining cloud network is looking for its solution. But if it happens to be your remote server than you may like to file a complaint with technical support staff or have an engineer come down to your locale to fix it up.

A normal server owner may let a small issue let go by but these issues snowball into a major breakdown if not fixed in time costing time and money to the company.

In the longer run, cloud based IT solutions helps in saving huge money provided you don’t take services of tech support teams to fix issues from time to time.

3. Require Lesser Capital:
One of the most difficult parts to run a startup business is to create capital to run your business and have your employees paid at the end of the month. Servers will cost a fortune to buy, run and maintain and thus adds to the working cost of the company.

On the other hand, cloud computing is less expensive than running a server. You only pay for storage required by you per month. It is also less hassle to upgrade your systems with the latest software patches as is done automatically by a cloud running company. You save money on fancy hardware upgrades and extract purely what you desire.

4. Enhances Team Collaboration:
With help of cloud computing, team collaboration also increases. In a study, it was revealed that seventy-nine percent of companies get requests from potential clients to procure more cloud applications to encourage collaboration for want of file sharing. Cloud computing is carving a niche for itself in the business sphere. Cloud computing is meant for file sharing and connectivity. It helps one team to edit files and share them in real-time across the globe. The team can operate as one from anywhere in the world.

5. Decrease Carbon Footprinting:
Reducing carbon footprint with cloud computing is as easy as it gets. Cloud computing demands less physical space than installing servers allowing the companies to reduce their data centers or maybe remove them completely.

Fewer servers mean that fewer resources are utilized. Cloud computing offers enhanced ability to share files and fewer requirements of printouts between team members resulting in saving the planet.

6. It’s Always On:
With cloud computing, you don’t have to remember to save an important file on a pen drive as everything is on the cloud. Sometimes flash drives don’t work properly and emails don’t get sent timely but with oracle cloud applications, you don’t have to worry as your data is accessible all the time round the clock.

7. Perfect Work-Life Balance:
Cloud computing offers a reliable work-life balance. Cloud is always on and helps in collaboration. Cloud computing also assists in maintaining a great work-life balance among your employees.
Employees get the freedom to work from anywhere and anytime which allows them to run home to attend to their children or run errands for the house. It allows them to spend quality time with their children while enjoying a tropical locale yet do their job via cloud computing.

8. Enhanced Security:
Better security is being offered by the cloud. It provides better security than local servers. You don’t have to fret about losing data because of a natural disaster such as an earthquake destroying your server rooms. There is far greater flexibility in working via the cloud than with physical servers. Safety is one of the biggest advantages which cloud-based computing services offer.

You can let go of your worry of a breakdown at your physical server center if you have switched over to cloud-based computing. There are various cloud providers who also go a step ahead and create backup data adding redundancy to the remote servers. Such measures help prevent the loss of data at any stage.

Cloud providers offer more security protocols than anyone would probably do on his local server. Such stringent measures make the security airtight and foolproof.

9. Control Over Documents:
Easy control over documents via cloud computing: It is important to maintain document control when you want to run a successful business. You can never know what might just happen to the document if it falls in the wrong hands. Security is important and all employees are sensitized on the subject but with paperless documents which are being accessed centrally over the cloud, administrators can review the security in a simplified manner.

10. Easy Implementation:
It allows you to conveniently decide which document to choose and which to be edited, shared, or viewed by the selective users out of the lot. It offers real-time sharing preventing the floating of thousands of versions of the same file leading to confusion. One copy of the document is easy to manage, review and edit and there are cloud-based IT solutions doing just the job for you.
Easy implementation is the forte of ORACLE cloud applications.
It seems like a herculean task when you think of beginning to use a cloud-based service. But it is just a piece of cake.

11. Convenient M&A Activity:
M&A activity is also facilitated by them. Cloud computing promotes swift changes enabling two completely different companies to integrate as one much faster. Traditional computing methods will take ages while migrate applications or remove data centers before these two different companies begin to run on one single IT stack. Such convenience and ease of doing work have catapulted cloud computing to the center stage. It has become the backbone of the growing IT industry and a favorite method of doing business with start-ups mushrooming all over the world.

12. Reduces Environmental Impact:
Fewer data centers mean less impact on the environment. Collectively such actions will save the environment. Companies that are into sharing resources are also improving their green ratings.
It also enables the latest software applications easily available to every customer no sooner than they are launched in the open market. These upgrades fix new features directly into workers’ hands, hence enhancing their productivity. Software updates are launched very frequently and cloud running company incorporates them as soon as possible, to prevent any virus/malware attack.

13. Increased Speed to Market:
Many companies run their business model on the philosophy that their product should reach the market more quickly than their competitors, just to have an edge over them and reap profits. With the advent of cloud computing, the stakes have got much higher.
For instance, some cloud companies deliver custom-based IT solutions to their clients by manufacturing innovative products as well as services. This ultimately helps them in enhancing the production in a matter of weeks as compared to months earlier.

14. A Level Field:
For small business houses, cloud computing offers major benefits as it enables them to compete as equals with renowned business houses. It gives SMEs an added advantage by granting access to latest software and applications which otherwise would be exorbitantly expensive.

15. New Software:
Competition is critical much more today than it ever was. The companies are vying for the top slot and making advancements in innovation, market appeal, and security to attract business. It is about getting more facilities with less dollar investment. Software’s enhancements and immediate upgrades are released on a routine basis to cope up with the competition.

Conclusion:
Cloud computing is offering a greater advantage when compared to traditional physical servers. 85% of companies/enterprises have incorporated it in their business in the past few years. To migrate to a cloud-based system has become affordable and easy since last year. It is a sure-shot way to save time, resources, effort and money in this emerging business cloud world.

Role Played by Cloud Technology in Modern Finance Business

If you are thinking of building the finance organization for the future using the old tools of the past, then you are definitely doing something wrong.

There can be no better solution to the problem other than the cloud to transform your dreams into reality. Cloud-based computing services are gaining immense popularity in the IT sector due to their myriad advantages.

Read on to know about the benefits of cloud-based IT solutions:

Driven by Insight

It is important to have round-the-clock insight for everyone to make the right decisions at the right time. And with Cloud, you are able to achieve it:

1. Finance Analysts – The professionals are able to carry out analysis on a temporary basis without IT. This way they create live fiscal reports.
2. Business Managers – These experts obtain an insight with the help of built-in analytics and self-service reporting.
3. Finance Clerks – They obtain instant intelligence for accelerating decision-making in the context of transactions.
4. Finance Managers – The professionals recognize and determine exceptions with the help of the process of self-monitoring.

Secure in-context partnership with the help of an incorporated social network

1. Better visibility- Look into the details of “who did when and what” for improved issue resolution.
2. Collaborative- Speed up the close process with alliance directly tied to processes and transactions.
3. Constant Feedback- Set up a culture of consistent process improvement.

Premeditated

1. Scalable worldwide development with the help of convenient business modeling.
2. Suggest the effect of changes to the growth of your business with multidimensionality.
3. Regulate high transaction-based volumes with the help of unmatched speed of processing.
4. Get improved forecast correctness with prognostic preparation and rolling forecasts.

Ultra Competent: Enhanced employee experience with the help of design that is user-centered

• Adapt the experience of the user experience to be in sync with the business processes and the company’s identity.
• Give power to your on-the-go personnel via voice entry and mobile expense scanning.
• Finish tasks speedily with the help of role-based work areas and dashboards.

In Control and Acquiescent: To have faith in the numbers in accordance with this century’s accounting

1. Fulfill local regulations and varied requirements based on reporting with localizations that are country-specific.
2. Regulate taxes, accounting, payments, intercompany, banks, payments, currencies, suppliers, and customers with a central fiscal structural design built from established practices.
3. Hold up to the manifold representations concurrently, services offered across various entities, and goods movement with local reporting requirements.

Thus, with so many benefits of cloud-based IT solutions, why should your business lag behind? We can help you in building your company’s model based on the cloud so that you leverage the maximum benefits and attain your business goals. To understand our Cloud services in detail, contact us.

The Growing Importance of Business Talent Management Cloud

Developing and retaining talent is becoming a significant challenge for employers all around the globe. While many organizations are learning to adjust to changing demographics and diversified employee preferences, they need to enhance their HR and Talent Manager’s capabilities.

While these managers concentrate mainly on hiring and sustaining outstanding talent, their focus should be on engaging the top performers to accomplish the most favorable outcome of a business, its goal.

A business can only grow if it has a talented workforce. But these days, it is hard to find, build and retain ideal employees. However, with the right tools and robust methodologies, getting the best people for your organization is achievable. Managing the current workforce and giving them the required training can also help in improving the performance of the existing Human Capital.

Talent Management requires strategic Human Resources to elevate the growth of a business and achieve the set business objectives by enhancing its culture and values. Whether it is giving rewards or developing the workforce, recruiting or conserving, everything that is done to improve business standards is a part of strategic workforce planning and talent management.

Talent Management strategy should be relevant to business and align the business with all the processes. The recruitment process is the most crucial stage of Talent Management, after which the recruitment performance is carefully evaluated. Then innovative business strategies are designed to enhance the performance of the workforce, and the necessary pieces of training are given to promote their talent. Succession planning plays a vital role to fill critical positions. It is paramount to recognize the skill gaps through gap analysis to provide the necessary guidance for preparation to reach that level.

Talent management has great significance as a management practice. Earlier HR was limited to recruitment, but now it covers vast areas. When a company invests in hiring people and building talent, it is considered to be a long-term association ensuring that the talent stays even if top management has to face issues and challenges keeping up.

Facing Challenges and Adapting the Futuristic Approach

HR plays a strategic role in promoting the growth of any business or company. It offers orientation to the workforce, set goals, makes business strategies, and aligns all of them in one direction.

From time to time HR needs to fulfill the talent demand of an organization. And not only to cater to the current demand, it needs to be prepared for future strategies and also to capture more skills in its skill inventory. With the advancement in technology, many organizations have included robots, cloud, IoT, and Big Data in their processes. Because of these, the business scenarios are also changing. The skill sets that were enough for any job, nowadays one-third of these skills are not even considered competent in the present scenario. That is why HR needs to be more agile, innovative, and futuristic.

It is now crucial for the management to adopt mandatory agenda to recognize the new skills keep the future in mind and run the re-skilling program. The development of resources through these dedicated learning programs should be able to connect them to their key responsibility areas (KRAs), individual goals, and organizational goals. The selection of candidates for re-skilling can be based on employee aspirations, appraisals, and feedback. It is essential that the re-skilling is associated with rewards and career development to make sure that the selected candidates are eager to acquire these new skills.

Another approach to re-skilling is job enhancement and job rotation practices employed by many organizations these days. Job rotation ensures that the right employee is shifted to a suitable job as per his skill set and other pre-defined criteria. It is a precise movement and is given a lot of thought. And after proper planning and procedures; the employee is moved to the right job in the same organization.

Job enhancement, on the other side, includes additional responsibilities and tasks that are given to the employee at the same level. This practice provides an opportunity for the employees to enhance their skills in order to boost their motivation.

Systematic and Holistic Approach to Strategic Talent Management
Talent management needs a holistic and systematic approach. It is vital to keep your talent pool updated because if any of the top talent or leader leaves the organization at a crucial time, and there is no substitute to fill the position, then it might create a gap that will break the equilibrium.

Succession planning basically includes the development of employees of an organization to strengthen it for achieving success. While the development of its talent is critical, it cannot be accomplished solely. Here comes the role of a holistic talent management strategy.

With Business Talent Management Cloud, you can

• Fascinate, maintain and motivate the best talent by utilizing workflow-driven and adaptable talent management
• Set individual objectives and align them with corporate goals. Also, define the ways in which an employee can contribute to the growth of the organization.
• Propel a comprehensive talent management strategy with a system that integrates all talent-related processes and activities.
• Include social media to widen the reach for employment and help in generating referrals, and high-quality talent.
• Boost employee engagements.

Strategic Talent Management And Role of HR
It is the key responsibility of HR professionals to hire the right talent for the significant roles at the right time. However, if done skillfully and strategically, the talent management module may lead to better results for the organization’s growth in the long run.

Effective Recruitment Process
The recruitment cloud allows employers to assess, source, and hire the right kind of talent for their organization. With the help of Talent Acquisition Cloud, the recruitment process can be streamlined and automated. This enables HR to handle the most complex and demanding environments in even larger organizations, and they can efficiently deliver successful recruitments by strategizing and boosting the talent acquisition effectively and efficiently.

While with the recent increase in the unemployment rates, there are many job seekers in the market. But because of the talent scarcity, recruiters are facing numerous challenges. Recruiting cloud helps them design smart strategies to pull the top performers through multi-tiered assessments and screening. This process ascertains that the entirely suitable applications of the candidates reach the recruiter’s desk. That is the reason HR needs to be proactive as well as reactive to cope with the talent management needs and ever-changing industry.

Hiring managers and recruiters now streamline their processes with the help of tools like interview management, applicant tracking, and requisition management. At the same time, high-profile candidates are also given the positive impression of your organization as a most wanted employer through many career sites and social media ads, etc.

Sourcing through Social Networking
Talent Management Cloud utilizes social sourcing that helps HR to widen its reach and get higher referrals. While posting for a job offer on FaceBook and LinkedIn has become a common practice, it is not sufficient since the competitor may also use these sources to get to the best performers.
However, through social sourcing service, you can reach the network of your employees that can turn out to be the best recruiters through referral tools. You can manage your targeted campaigns through simple connections of employee networking. This way the employees provide you with the top profiles to contribute to the organization and in turn get credit for that.

Goal Alignment
The goal management module allows the corporate to set, manage and track the individual as well as organizational goals. It helps align these objectives with the entire talent management process. The talent management cloud provides the opportunities to create a culture where employee development is given importance. The high-level initiatives by the top management lead to collaboration between the workforce and the managers to set the objectives in the right direction.
Tangible task setting such as associating goals to competencies or designing goal-related duties also allows career development and monitors the individual growth of each employee. This does not only support employees to achieve their personal goals but also fosters their career growth. Work collaboration tools like wiki or forums enable the workforce to share goals as well as accomplish the shared objective, the success of the organization.

Performance Management
The performance management cloud is designed to track employee development and evaluate their work performance by the top management and immediate managers. This tool offers a template-driven and flexible system that allows the configuration of the performance process to match the corporate practices. The in-built analytics and user-friendly interface are advantageous for both leaders and the workforce.

Performance management tool offers supervision and decision support to accomplish the evaluation process effectively. The performance report consists of the analytical information along with worker ratings. This enables HR administrators and support managers to track the entire performance management process.

Building and Developing Talent
While acquiring the best talent has become a war for most companies, their HR managers are searching for the best sources to recruit the top talent. They can also nurture the talent and retain them within the organization by engaging them. This seems difficult but can be accomplished by using the capabilities of the Talent Management Cloud in the following ways:

• By developing an intelligent recruitment process to search, engage and handpick the best applicants and retain them via user-centric processes.
• By utilizing rich employee networks through Social media networking tools for referrals along with internal social networks through improved information sharing and employee engagements.
• By developing role-centric employee experience to increase the accessibility, productivity, and collaboration within the organization for all levels
• By employing the holistic approach to goal and performance management that provides flexibility
• By providing extensive solutions for the learning curve that deploys easy opportunities to get the necessary training and development plans fabricated to employees’ needs.
• By integrating embedded analytics into the system to promote the informed data-driven process of decision making
• By offering integration support in conjunction with the E-business suite, PeopleSoft and other core HR systems
• By providing diversified deployment with SaaS (Software as a Service)

Conclusion

Hiring the top talent and nurturing them to achieve corporate success can be attained with the help of Talent Management Cloud. Fostered talent is then moved up in the hierarchy. It improves their skill sets to deliver quality work, but at the same time, you need to increase the remunerations for handling additional roles and responsibilities.

Therefore, it is crucial to address the career development requirements of talented professionals. Along with this, a well-strategized communication system should be implemented to cover the gap between leaders and high performers to avoid personal as well as professional issues. It enables the HR professionals to understand the needs of the talented employees and create policies to support them.

Talent Management Cloud helps you to focus on workforce planning and strategic insights to develop talent and stay ahead of the competition. 6etech.com provides you with the successful implementation of Talent Management Cloud.

6e Technologies is a leading provider of Oracle solutions and Automation Solutions. The company has expertise in automating your IT processes and integrating them with other systems. Whether it is integrating ERP solution or migration, installations, or training, 6e Technologies offer best in the class services.