EPM Gains Momentum in the Cloud
While current adoption of cloud-based solutions for enterprise performance management is low, research by The Hackett Group predicts a dramatic increase in adoption within the next few years. This advancement creates new opportunities for financial planning and analysis (FP&A) organizations to become more agile and collaborative while benefiting from the latest functionalities at a fraction of the cost of on-premises versions.
Given the rapidly shifting and fiercely competitive market for cloud applications, EPM professionals must understand both what is happening and the implications for their organizations, including:
- Factors driving the adoption of cloud-based EPM applications
- The role of customization in realizing efficiency increases
- Selection criteria for cloud-based EPM solutions
- Five steps for moving from exploration to implementation