Perspectives

The differentiators of cloud ERP

See finance transformation through the cloud

October 2015

The ‘See finance transformation through the Cloud’ video series is the culmination of a number of interviews: offering Deloitte, partner vendor and client perspectives on the various stages of the cloud journey. We highlight the key benefits that are gained by Enterprises moving their back office finance function to the Cloud, with additional industry insights.

Overview

In Gartner’s Top 10 Strategic Technology Trends for 2015 it was stated "Cloud is the new style of elastically scalable, self-service computing, and both internal applications and external applications will be built on this new style,"* There is an appetite for moving to Cloud applications and it is key for clients to understand the extendibility, portability and reliability of the Cloud services on offer. Therefore the second episode of ‘See finance transformation through the Cloud’, The differentiators, focuses on the key benefits to be gained by moving your back office finance function to the Cloud.

The key benefits identified include: scalability, flexibility and lower cost of ownership. When considering the differentiators of different cloud services on offer we must consider how they are overcoming the challenges previously identified in our series, (see the previous episode). Many of the solutions to these challenges are already on our partner vendors roadmaps. For example, several clients identified interoperability as being an important differentiator for an attractive Cloud service offering. 

Deloitte practitioners, partner vendors and clients have discussed the differentiators of Cloud applications that are enticing modern CFOs and CIOs to consider moving their back office on to Cloud services.

Please find out more by watching the video above.

*David Cearley, vice president & Gartner Fellow. Gartner Identifies the Top 10 Strategic Technology Trends for 2015, Gartner Symposium/ITxpo in Orlando. Oct 2014
**Oracle, “Oracle, NetSuite, and Deloitte announce plans to deliver integrated HCM and ERP cloud services for mid-size customers,” press release, http://www.oracle.com/us/corporate/press/1966087, accessed December 31, 2013.

Our expert says…
 

“The benefits of cloud are well-known; lower cost of ownership, limited infrastructure, flexibility and scalability. But from our point of view, there is more to it. Moving your back office to the cloud signals to your employees and customers that you value staying abreast with innovative technology, a mind-set that filters through the organisation.”
 

Richard Petyt, Partner, Enterprise Applications
 

Related research

Watch the past See Finance Transformation through the Cloud videos:

Find out more

To learn more about Deloitte and our Partner vendors, get in touch with our Enterprise Application team.

For further insights into how to transform your Finance function with Cloud ERP technology, visit our application services page
 

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