Cloud technology solutions will be the most important tool for addressing competing priorities – from pursuing growth to managing risk and improving productivity.
Why? Cloud provides an affordable and scalable infrastructure that is particularly powerful in an uncertain market. It gives you room to maneuver, enabling you to pursue exciting goals in areas such as data and modernization, while giving you the agility to address challenges such as market volatility, new regulatory requirements and cost constraints.
Cloud solutions
Data and analytics
Modernized advanced systems
Almost every respondent will increase their investment in digital technologies in the next 12 months. Whether they are focused on data analytics or machine learning, the reason is clear: digital allows you to pursue growth while managing risk and improving control.
of finance function leaders will invest in digital technologies over the next 12 months
Business growth
Reduced fraud risk
Improved control and visibility
Digital is especially important for the 44% of firms that feel they cannot effectively deliver new data or artificial intelligence capabilities, and the 43% that cannot effectively integrate or interface with internal and external platforms.
As finance leaders look to enable long-term growth, a third of organizations plan to increase their reliance on Business Process as a Service (BPaaS).
That means moving entire elements of their function into the cloud, where a third-party provider with specialist expertise and economies of scale can drive increased efficiency and productivity. This type of infrastructure will become increasingly critical as growth accelerates.
Treasury
Payments
Credit and collections