In this report, Harvard Business Review Analytic Services highlights a number of trigger points that will drive 70% of organisations to make the switch to cloud-based finance systems within the next 24 months, including:
- Significant business growth or expansion.
- Compliance mandates such as the new revenue recognition standards from FASB and IASB.
- A new CFO or CEO pushing for a big increase in the performance of the finance function.
- Imminent “end-of-life” or “end-of-support” for existing systems.
- The likelihood of major upgrade, maintenance, or support costs for existing systems.
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