Finance Departments Move to the Cloud

Based on a recent research report prepared by Saugatuck Technology on behalf of Intacct, the adoption rate of cloud-based financial software has accelerated dramatically. In fact, according to their research, the adoption of cloud-based business applications is moving from a second "wave" of mainstream adoption to a third wave they call ubiquitous adoption.

According to the study, there is big shortfall in the effectiveness of the current, and traditionally on-premise, financial solutions to meet the critical needs of a business. At the heart of the problem lies the lack of timeliness of financial information required to make effective decisions.

The research shows that finance executives already see cloud-based solutions “as a way to bridge many of the effectiveness gaps, increasing significantly the ability of finance to deliver on it’s goals”.

When interviewing a panel of over 100 experienced cloud-based users to rate their satisfaction levels, more than 84 percent agreed or strongly agreed that they were satisfied. Less than 3 percent showed any degree of dissatisfaction!

This is a tremendous endorsement from arguably the toughest body of users within a business setting. Finance people have very high standards of excellence and aren’t prone to simply adopt the next big thing, just because of it’s increased popularity in the marketplace. And in addition to these functional or operational advantages, the financial and technology advantages of the cloud model are well documented.

If these kinds of discussions are taking place in your organization, give us a call at TrueCloud. We can help your business find it’s way to the cloud as well.

Dave Rice CEO, TrueCloud

www.truecloud.com