People tell us cloud helps them know more, and show more
Across all finance processes and systems, visibility is key.
The more accurate and complete your view of your financial data and operations, the better results you can deliver—and the faster and more efficiently you can deliver them.
The cloud puts all the right data, in the right hands, at the right time, so everyone has total visibility of the information they need to do their jobs as quickly and effectively as possible.
By providing a single source of truth for all finance data, the cloud is helping finance teams break down data silos, eliminate slow, manual data processes, and put everything that matters in one place.
One area where that’s a major advantage is in reporting. Whether it’s external reporting for performance or compliance, or internal reports that keep people in the know, the connected nature of cloud, and the intelligence of cloud ERP and EPM solutions are helping teams compile stronger reports, faster.
34 percent of companies using cloud finance have cut their total number of spreadsheets down to less than 100
compared to just 23 percent of non-cloud companies.
The other major advantage of bringing all finance data together with a single source of truth is that it’s helping finance teams turn more of that data into more valuable and timely insights.
Analysing data and performing what-if scenarios using complete data in the cloud can help CFOs not only cut costs, but also uncover new possibilities and even create new business models.
Because the data going in is complete and reliable, the insights that come out are extremely valuable—helping finance teams get better at anticipating and predicting future needs.