Cloud-based systems for core financials are revolutionizing the finance function. These systems can manipulate and analyze complex modelling dimensions and data volumes in ways that on-premise solutions are simply not designed to handle. As a result, most businesses are moving their core financial applications for budgeting, planning, and forecasting into the cloud.
Investing in or upgrading existing on-premise solutions is a reverse-thinking strategy. Only cloud-based companies will be able to take advantage of the so-called Internet of Things—the big data interconnectivity functionality of the cloud—which will solve big data problems that were previously insurmountable using traditional on-premise capabilities.
In this paper, you will learn how migration of your finance systems into the cloud will result in:
- Improved forecast accuracy
- Accelerated decision making
- More accurate budgeting and planning