26th March 2015
An increasing number of businesses are now seeking to move away from traditional on-premise solutions for corporate performance management (CPM). A 2014 survey entitled “Empowering Modern Finance” carried out by Longitude Research on behalf of Accenture and Oracle, says that more than two-thirds of executives have adopted a cloud-based system for core financials (24%), or are planning to do so (45%). Even higher numbers are adopting cloud-based planning, budgeting, and forecasting systems (PBF). Indeed, 27.8% are already deploying PBF in the cloud and 33.7% expect to be in the cloud within a year. Only a mere 16.6% say that they do not anticipate using the cloud for PBF.
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