Concerns about security and data confidentiality have gradually subsided over the last couple of years with regards to the Cloud. The Cloud continues to gather steam within the Oracle Enterprise Performance Management realm, with the percent of organizations using/moving to the Oracle Cloud.
Speed and agility continue to overtake cost considerations as a top cloud benefits to Finance executives. Their primary motivation is to get up and running quickly with cloud investments and avoid large upfront investments & fixed capital investments.
Companies are looking beyond cutting costs and driving efficiency with cloud. Finance executives are now commenting on how cloud allows them to focus on their core business and growth versus the IT side of the house.