In this report, Harvard Business Review Analytic Services highlights a number of trigger points that will drive 70% of organizations 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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