Gartner Research

Forget What You Know and Start Fresh When Implementing Cloud Core Financial Management Suites

Published: 28 June 2019

ID: G00387216

Analyst(s): Greg Leiter, John Van Decker

Summary

Cloud is changing the way core financial management suites are implemented, directly impacting the roles and responsibilities of finance, IT and their vendors. To ensure project success, application leaders must reset their understanding of the key challenges of a cloud financials implementation.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Configuration-Only Business Processes Should Take Less Time to Implement, but Business Process Change Management Risks Need to Be Addressed
  • Evaluate and Invest in Finance and IT Skill Sets Needed for Implementation and Post-Go-Live Support
  • Let the Business Objectives and Requirements Lead the Process, Not Traditional IT Roles, Vendors or System Integrators

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