Constellation’s Series on Innovation in Financial Management Applications in the Cloud
This report reviews the latest offering in financial management applications in the cloud and related Enterprise Resource Planning (ERP) trends. Chief Financial Officers (CFOs) and finance leaders seeking advice about the cloud can take advantage of Constellation’s ERP user survey and its reports on cloud adoption trends to understand how peer organizations have advanced their usage of ERP and financial management applications.
The latest release of SAP’s S/4HANA Finance Cloud includes a few key differentiators. Customers have expressed the most interest in the HR-Finance modular suite of SAP SuccessFactors and in the updated user experience. Partners and systems integrators highlight the integration and extensibility through HANA Cloud Platform. Constellation applauds the universal journal approach to achieving a single source of truth.
Constellation’s series on innovation in financial management applications in the cloud identifies finance leaders and technology providers seeking to transform the current legacy on-premises market. As finance leaders venture into the cloud for innovation and renewal of mission-critical financial management applications, they must shatter myths about security, customization, and regulatory compliance.
Nine benefits of the cloud continue to outweigh the risks, including potential vendor lock-in. Those who make the shift to the cloud boost innovation in reducing the cost of ownership, cost of maintenance and complexity as well as in gaining mobile access, increased value, integration, and self-service business intelligence.