Is your CFO still mired in the common myths about cloud adoption? If so, it’s time to bring some clarity to the finance office.
New business realities are shifting the goals of the finance organization and dictating the need for updated operations. Old fears are quickly being replaced by new innovations and opportunities – so more and more CFOs are taking the leap to the cloud.
These new adoptees are revealing cloud to be a prime driver of innovation in finance. Take the new Constellation Research report, which examines the CFO view of cloud finance adoption and focuses on SAP S/4HANA Cloud. It turns numerous myths on their head, revealing:
- Privacy, intellectual property, and data are properly secure.
- Customization is highly achievable.
- We need to move beyond legal and regulatory compliance to meet ever-changing standards.
Gaining rapid time to value
So what’s the crucial factor swaying CFOs’ decisions to move to the cloud? The rapid time to value their organizations are poised to gain. According to the report, the top three key cloud benefits driving CFO strategy are:
- Rapid IT implementation that improves the quality of deployment
- More frequent cycles of innovation that yield competitive advantage
- Minimal upgrade hassles that free up time for greater focus on innovation
You can also support the identification, assessment, and management of growth across your enterprise – while driving efficiency and agility in finance operations. So much for the quaint notion that cloud was only useful for customer-facing workloads.
With the old myths out of the way, we can make room for more pressing questions for CFOs, like whether their organizations are ready for a broader adoption of the cloud model.
Get a deeper view of both the myths and benefits of cloud ERP – and how SAP S/4HANA Cloud aligns to those benefits – when you read the full Constellation Research report.