Gartner Research

Finance Moving to the Cloud: The Steps to Take and the Benefits You Can Expect

Published: 22 August 2016

ID: G00310413

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


After years of lagging behind other domains in cloud adoption, cloud is hot in all areas of financial applications. CFOs and IT leaders need to understand how to capitalize on the opportunities of transitioning finance systems and processes to the cloud without being caught out by the challenges.

Table Of Contents


  • Introduction
  • Market Analysis
    • Market Trends
    • Cloud Maturity Varies Across Finance Technologies
  • Key Issues to Address
    • Avoid Technology-Led and Vendor-Led Cloud Adoption
    • Eliminate Unnecessary Customization
    • Make Integration a Shared Responsibility Between Finance and IT
    • Application Support and Governance
  • Key Steps to Take
    • Adopt a Bimodal Approach to Cloud in Finance
    • Decide on Core Financial Management Applications and Financial Consolidation Systems Strategy
    • Identify Finance Capabilities Where Cloud Can Deliver Rapid, Incremental Benefits
    • Develop a Finance Systems Strategy as Part of a Postmodern ERP Strategy
  • Expected Business Outcomes
    • Potential Cost Savings
    • Faster Adoption of New Functionality
    • Possible Improved Usability
    • Opportunities for Process Improvement and Agility
    • Enabling Growth
    • Supporting Business Transformation

©2021 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.

Already have a Gartner Account?

Become a client

Learn how to access this content as a Gartner client.