The Right Foundation for Growing Global
Not too long ago, the idea of "globalizing" was the exclusive concern of large companies with widespread operations. In today’s new world economy, everyone is looking to get into the global game, with countries like China, India and Brazil growing at two and three times the rate of established economies. Based on the remarkable findings of a worldwide survey of more than 1,000 executives, one of the key strategies for becoming a truly global player is suddenly clear: creating a global operating model supported by a foundation of integrated financial, human capital management (HCM) and other business applications. A decided majority of respondents—a whopping 89 percent—intends to increase application integration in 2011, with HCM a particular target. And no wonder: In the survey, a clear link was established between integrated applications and cost savings, in addition to a positive impact on net income benefit.This Research Report provides new insights, examples and research on how integrated financial and HCM applications are crucial if large and midsize companies are to emerge as truly global players.