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Unit4's 2022 Business Future Index: Crisis Sees 51% Embrace Accelerated Change to Outperform Business Targets


Global data identifies action plan for business transformation around people, policy and tools

LONDON, Oct. 11, 2022 /PRNewswire/ -- Unit4, a leader in enterprise cloud applications for mid-market services organizations, today announces the findings of its second annual Business Future Index.

It surveyed 3,450 respondents across 12 global markets to understand how business performance over the past 12 months has been affected by the pandemic and reveals the extent to which changes to people strategies, company policies and technology adoption have accelerated. It also identifies business priorities for the coming year and examines the top challenges facing organizations as the world enters a difficult economic period. The findings show a direct correlation between the benefits of embracing accelerated change and improved business performance, as well as highlighting distinct areas where action must be taken if organizations are to remain competitive.

Key Findings

Action plan for change: people, policy, tools

The Index shows there is no room for complacency when it comes to embracing change and even organizations that performed well in 2021 cannot afford to ease up on the pace of transformation. Similar to the 2021 Index - which identified the need to focus more on people, alongside profit and productivity - the 2022 findings highlight challenges around people, policy and tools as organizations prepare to address their business priorities for the next 12 months.

Within each area, the Index highlights priorities where organizations can target their action plans for accelerated change:

"As with every crisis, the pandemic showed that organizations which were prepared to be more innovative and progressive in their people and technology strategies, as well as company policies, came out ahead in terms of business performance," said Mike Ettling, CEO, Unit4. "Looking forward to 2023, businesses around the world will face a myriad of pressures such as geopolitical issues, inflation and rising energy prices, as well as the continued competition for talent. The ability to adapt to such challenges is key, with no room for hesitation or inertia, as it can have a lasting impact on future performance."

Based on the evidence contained in this year's Index, organizations that achieve the balance between fiscal responsibility in uncertain economic times with the demand for innovation are more likely to achieve stronger business performance. The Business Future Index 2022 provides a framework to justify the business case for supporting accelerated change and points to a specific action plan where investment can be targeted to deliver tangible benefits.

Additional Resources

Survey Methodology

Unit4 commissioned independent technology market research specialist Vanson Bourne to undertake the quantitative research that this report is based on. They interviewed a total of 3,450 respondents in May and June 2022, from 12 regions: US (1000), Canada (150), UK (400), Germany (400), France (200), Netherlands (250), Norway (200), Denmark (100), Sweden (200), Belgium (150), Australia (200) and Singapore (200). Respondents were from all private and public sectors (including IT and technology; business and professional services; education; and charity and nonprofit), and from organizations with 200-20,000 employees. Respondents from all departments and seniority levels were allowed to participate. There are also references throughout to historical data conducted using the same methodology in 2021. The findings from this research programme can be found here.

About Unit4

Unit4's next-generation enterprise solutions power many of the world's most people-centric mid-market organizations. Our state-of-the-art cloud platform, ERPx, brings together the capabilities of Financials, Procurement, Project Management, HR and FP&A onto a unified cloud platform that shares real-time information and is designed with a powerful, people-centric approach, so employees can benefit from better insight and become more effective and increasingly engaged. It supports rapid and continuous change while delivering individualized fit for customers at scale, delivering the right tools to unify the processes across their organization, and connect their people. Unit4 serves more than 6,000 customers globally including, Bravida, Havas, Migros Aare, Americares, Save the Children International, Action against Hunger, Metro Vancouver, Forest Research, Southampton City Council, Selkirk College, FTI Consulting, and Surrey County Council.

For more information please visit https://www.unit4.com/, follow us on Twitter @Unit4global, or visit our LinkedIn page

Media Contact:

Lisa Stassoulli
Global Communications Manager, Unit4
Mobile: +44(0)7870 916827
Lisa.Stassoulli@unit4.com

 

SOURCE Unit4


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News published on 11 october 2022 at 08:03 and distributed by: