Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

The Benefits of Having Your Healthcare HCM, ERP, and SCM in One System

Sed ut perspiciatis unde. My colleagues and I recently attended a Workday Customer Base event where I led a presentation on HCM Transformation. Many attendees in the room noted their organizations first started their transformation journey by implementing Workday HCM and were now considering Workday ERP and SCM. They expressed it seemed beneficial to consolidate their HCM, ERP and SCM into one system.It’s true, having your HCM, ERP and SCM on the same platform comes with great benefits:These benefits notwithstanding, let’s acknowledge that it may not always be practical or possible to migrate to an all-in-one product.If you contract with different vendors today for each of these solutions, it’s possible that a department or business unit required specific functionality that a consolidated solution couldn’t provide. Revisiting those buying decisions will require a gap analysis to determine if one vendor can now fill the bill.It’s also true that each disparate solution has different and highly invested stakeholders. Moving to a single solution requires more coordination between different departments and likely, a new governance model to ensure that the needs of HR, as an example, are given equal weight to those in finance.Lastly, it’s true that change is difficult for end users. A singular enterprise solution will almost certainly differ in some ways from the legacy applications it replaces, and this can lead to disgruntled end-users and training challenges. Users and key stakeholders may also rue their loss of autonomy. Their ability to control and make updates to their preferred solution would no longer be an option: changes made in your one application would now impact the others.While I suggest caution and planning before proceeding, it’s been my experience that running disparate HCM, ERP, and SCM systems comes with huge cost and inefficiencies. I believe the benefits of consolidation with a trusted vendor/solution are significant and merit consideration by most forward-thinking organizations. When I led the rollout of Workday as the System VP for HR Operations for a large Healthcare network, I learned some important lessons that will help improve your organization’s planning process:Choosing to stay in disparate systems may feel more in control, but it comes with inefficiencies, lack of functionalities and limited use of enterprise-wide data models. In addition, the recent advent of Generative AI is fast changing the needs of system governance. New regulations around data privacy and algorithmic discrimination protection will be tougher to manage in disparate systems.Looking into the future, moving beyond the technical benefits, being in one system comes with an abundance of opportunities. Powered by AI, Financial and Supply Chain data from ERP and SCM systems can predict growth areas, prompting the HR team to initiate workforce and compensation planning while IT can plan for provisioning and infrastructure.Moving to a common platform, shared data and algorithms should be seen as a great opportunity. But it will also require HR leaders to become more fluent in ERP and SCM systems to make wholistic decisions. If a proper service and governance model is designed, deployed and well-orchestrated, the opportunities are endless.Sudipto Banerjee is an Elite Advisor at Healthcare IT Leaders and an HR and enterprise-wide transformation expert. He was most recently the System VP for HR Operations for a large Healthcare organization. He helps healthcare organizations achieve systemwide synergy of people and purpose to build consensus and ensure higher return for the invested time, resources, and funds.TALK TO A HCM TRANSFORMATION EXPERTSource link Save my name, email, and website in this browser for the next time I comment.By using this form you agree with the storage and handling of your data. * Δdocument.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );Tech dedicated news site to equip you with all tech related stuff.I agree that my submitted data is being collected and stored.✉️ Send us an emailTechToday © 2023. All Rights Reserved.TechToday.co is a technology blog and review site specializing in providing in-depth insights into the latest news and trends in the technology sector.TechToday © 2023. All Rights Reserved.Be the first to know the latest updatesI agree that my submitted data is being collected and stored.



This post first appeared on VedVyas Articles, please read the originial post: here

Share the post

The Benefits of Having Your Healthcare HCM, ERP, and SCM in One System

×

Subscribe to Vedvyas Articles

Get updates delivered right to your inbox!

Thank you for your subscription

×