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The sooner finance ERP moves to the cloud, the better

Feb 15, 2016
From the Advisory Institute

An article for CFO.com by Patrick Fenton, head of financial management, KPMG in the U.K.


In KPMG International's global survey, The view from the top, 70% of CEOs from top-performing organizations said technology will have the greatest effect on the future role of the CFO. Leveraging IT, such as cloud-enabled ERP systems, should be the CFO’s main focus, yet less than half of CEOs from these organizations think their finance functions are doing a good job in exploring and implementing the best new technology.

One thing is clear: Many CEOs are frustrated.

As CEOs ask their finance chiefs to provide more transparency, visibility, and analytical insights, they are essentially asking for what cloud technologies do best.

In practice, moving finance systems to the cloud should be more than just replacing technology – it should be viewed as an opportunity to transform the function.  Migrating to the cloud does raise several concerns, but in our experience, potential obstacles are the very reasons why CFOs should make the move in the first place.


Read The sooner finance ERP moves to the cloud, the better on CFO.com.



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