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