Big business benefits in moving to cloud finance, accounting systemsGarrith Hyman, Team Leader: Sage Intacct, Brilliant Link.
Hyman says: “There are two types of finance heads – those who have embraced that the cloud is the future, and those who are yet to. Among those who are hesitant about moving to the cloud, the main concerns are the perceived costs incurred and adapting to new software functionality and usability.”He says: “There are many key differences between on-premises and cloud software.
Cloud-based financial software providers invest heavily in security measures to protect sensitive financial data. They also ensure compliance with industry regulations, relieving financial directors and CFOs of the burden of maintaining compliance on their own. “It streamlines financial processes, eliminating manual tasks and reducing the risk of errors. Financial directors and CFOs can use automation to improve efficiency and accuracy in budgeting, forecasting and reporting,” he says.