Finance teams say cloud is helping them prepare for tomorrow, today
In business, the only constant is change. Thanks to the cloud, companies can better keep pace.
In a cloud model, when software changes come along, they don’t bring manual upgrade work with them. When it comes to the latest and greatest ERP and EPM capabilities, finance teams are always current. But as other emerging technologies arrive, cloud is also helping ensure that finance is ready to embrace them with open arms.
Technologies such as blockchain, artificial intelligence, machine learning, cognitive computing, intelligent process automation, and the Internet of Things (IoT) all herald exciting changes for finance—with 4 in 10 of the teams we spoke to already exploring one or more of them.
Cloud keeps finance on the leading edge
Cloud is proving itself as a valuable platform for finance teams that want to explore, deploy, and integrate powerful new technologies:
42 percent are eager to explore adaptive and artificial intelligence
38 percent are looking at machine learning
38 percent are identifying how they can apply blockchain technology
Major transformations are on the horizon, but thanks to the flexible nature of the cloud, finance teams that have embraced cloud finance are ready for what’s coming.
The cloud makes it simple to deploy, integrate, and experiment with new technologies alongside what businesses already have in place – without disruption or major architecture overhauls. Plus, providers like Oracle are already embedding these new technologies into their ERP and EPM cloud applications—making them even easier to consume and use.
So, whatever tomorrow holds for the world of finance, many businesses are already prepared for it, thanks to their adoption of cloud technology today.