Cloud financial solutions have gained interest over the last couple of years. Aberdeen have commissioned some interesting information, showing due to tight budgets in today’s recovering global economy have made Cloud Financial solutions a priority for small to medium sized business and for companies who have international offices.
Currently 19% of SMBs companies are using cloud financial management systems, another 20% of companies planning to implement cloud finance systems within the next 24 months.
Companies are beginning to see the benefits of having a centralized access to corporate financial information . Cloud solutions facilitate access to critical information among distributed teams, Financial cloud solutions offer "friendly" User interfaces which helps to reduce the time and cost of training new staff.
Here are the main reasons why companies are deploying Cloud Financial solutions.
By offering easy-to-follow user interfaces through standard Web portals, cloud platforms are facilitating managers to collaborate on planning, budgeting, and forecasting initiatives across geographic boundaries.
There is also performance improvements using financial solutions in the cloud compared to on premise .
This research was provided by Aberdeen.