Gartner Research

The Top Three Impacts of Cloud Computing on Financial Management Business Applications

Published: 20 November 2013

ID: G00258147

Analyst(s): Nigel Rayner, John Van Decker , Christopher Iervolino

Summary

Cloud computing provides best-of-breed functionality to financial processes, enables a hybrid approach to CPM and reduces total cost of ownership for midmarket financial suites. IT leaders can help finance organizations leverage the cloud by moving core financial management capabilities to it.

Table Of Contents
  • Impacts

Analysis

Impacts and Recommendations

  • Increased adoption of hybrid ERP architectures will enable more cloud-based SaaS solutions to augment core financial applications in reconciliations management, accounts payable invoice automation, close management and travel expense management
  • New cloud CPM capabilities are pressuring applications leaders and finance managers to consider hybrid approaches, including on-premises and SaaS approaches to enterprise CPM
  • Cloud solutions that support core financial applications are proliferating, and CFOs and CIOs of midsize and large organizations must decide whether to move core financial management functionality to the cloud

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