The Third Wave – Cloud Financials On the Rise

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Saugatuck Technology's latest report details strong growth in Cloud Financials.

A third wave of Cloud Business Solution adoption is now fully underway and gaining momentum – focused on the Office of the CFO. But unlike earlier waves of Cloud Solution adoption (e.g., CRM, HCM and Marketing systems), Cloud Financials will follow its own path, as a more complex set of deployment scenarios will play out – over a longer period of time. This will include “Sidecar” models, “Process-specific” migrations and a range of Private and Public Cloud redeployments.

Driving demand is not only the power of the new Master Architecture to deliver better, cheaper and faster outcomes – and addressing the highly fragmented nature of financial systems – but enabling the finance function to provide greater agility, flexibility and value to the business. This is particularly relevant given the dual mandates of an evolved (and more strategic) mission for finance, and the fundamental challenges of supporting the transition to Digital Business.

These are among the many key insights that can be gained from a new study released by IT business strategy firm Saugatuck Technology, Inc. The comprehensive 51-page report, “Saugatuck Technology’s 2014 CFO / CIO Survey: Cloud Financials – The Third Wave Emerges,” is available today free of charge to Saugatuck research clients, and available for purchase and downloading by non-clients.

“While CRM, HCM and Marketing Systems have led Cloud Solution adoption, demand for Cloud Financials are now poised to grow rapidly through the balance of the decade,” shared lead author of the report and Saugatuck founder and CEO Bill McNee. “While Planning / Forecasting, Analytics / Performance Management, Payroll and Expense Management are leading the charge – pent up demand will likewise shift Cloud-based Core Accounting from early adopter to early mainstream status over the next few years.”

This Strategic Research Report summarizes and presents key findings from a recently completed web survey of 317 senior Finance and IT executives in North America. Among the many research topics that readers of this report will learn from include:

  • Changing CFO Priorities: Importance
  • Changing CFO Priorities: Effectiveness of Current Systems
  • Status of Financial Management Systems
  • Will Cloud Replace On-Premises Financials?
  • Evolution of Financials Footprint 2014-2018
  • Moving Financials to the Cloud: Key Concerns
  • Moving Financials to the Cloud: Timing
  • Moving Financials to the Cloud: Key Concerns

Ongoing subscribers to Saugatuck’s Continuous Research Services (CRS) can download the report (after signing in to their Saugatuck accounts) by clicking here (http://tinyurl.com/lbcvyus). Non-clients interested in purchasing and downloading the report can do so here (http://tinyurl.com/ktxdpwf). Saugatuck is pleased to provide media and associated parties a copy for their professional use; please email chris.macgregor(at)saugatucktechnology(dot)com for access.

About Saugatuck Technology
Saugatuck Technology, Inc., provides subscription research and advisory consulting services focused on key market trends and disruptive technologies driving change in business computing. Founded in 1999, Saugatuck is headquartered in Westport, CT with resources in metro Boston, Silicon Valley, and Wiesbaden, Germany. For more information, please visit http://www.saugatucktechnology.com or call +1.203.454.3900.

To request a briefing with our analysts, contact: chris.macgregor(at)saugatucktechnology(dot)com.

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CHRIS MACGREGOR
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