We asked, you answered
With limited resources to explore and experiment with new technology, finance has been slower than some departments when it comes to embracing the power and flexibility of the cloud.
But according to finance teams from across the globe, that’s now in the past. Today, 79 percent of all finance departments are either planning to use cloud-based ERP and EPM in the immediate future, or using them already.
It’s a major milestone for the finance world, but what exactly pushed finance past the tipping point? And importantly, why has it happened now?
As part of our efforts to follow the evolving finance technology landscape, Oracle recently conducted a new survey asking finance teams and leaders which enterprise resource planning (ERP) and enterprise performance management (EPM) cloud tools they’re using, which they’re planning to use, and the benefits and motivations behind their cloud decisions.
About the study
Oracle’s ERP and EPM “Top Trends” study questioned a broad range of executives from around the world, representing a large spectrum of business sizes.
30 percent were very large companies (>$1 billion turnover)
24 percent were very small companies (<$250 million turnover)
39 percent were focused on ERP only
18 percent were focused on EPM only
37 percent were responsible for both
85 percent of finance leaders cited the ability to “stay current on technology” as the top benefit of cloud
In this Digibook we’ll share a summary of what that survey found, and give you new insight into how finance leaders have embraced cloud technology to:
- Put an end to technology obsolescence in ERP and EPM
- Save money and other limited resources
- Enable continuous best practice across finance
- Simplify reporting and compliance by giving everyone greater visibility of finance data
- Effectively prepare for tomorrow, today