Financial Management: Momentum Shifting to the Cloud

Over the past several years, a consensus has grown among CFOs and IT executives about the viability of Cloud-based finance systems. After successfully implementing Cloud-based functions such as e-mail, CRM, human capital management, expenses, procurement, and collaboration applications, increasing numbers of organizations are moving core finance systems to Cloud-based, Software-as-a-Service (SaaS) solutions.  This report provides an overview of the current state of legacy finance systems and insights behind the increasing shift to the Cloud.