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The decision of whether to invest in a new HCM, both for first-time buyers and companies looking to switch from an existing HR system, is not an easy one. Many CPOs and business leaders ask themselves if the time is right, if they really need the system, and if it will provide them with actual business value. Purchasing an HCM isn’t only a sizable financial investment but also involves a significant time commitment to get it up and running. It can take weeks to months—or even years, depending on the HCM you choose and the size and complexity of