The IT industry analysts have been predicting this shift for a few years and in 2015 - following the lead of their peers in Sales, Marketing, and HR – it is clear Finance is now making the move.
In fact, in a 2015 survey by Gartner and FEI, almost half of the respondents indicated increasing adoption and interest in cloud-based applications.
Two things Jon mentioned jumped out at me. The first is that cloud-based EPM makes critical organizational benefits “affordable to the masses.”
The second is “the challenges that we had at Hyperion are essentially overcome…in the cloud.”
Before I jump in, here’s a short summary of the interview. It’s worth a read with many interesting and insightful points from a proven Silicon Valley leader.
The article starts
In this post, I’ll share facts, trends, and thoughts on why sticking with Oracle Hyperion may not be the best move. Ready?
Let’s dive into the next three reasons Finance users get stuck with Oracle Hyperion.
In this post, I will follow up those findings with the top reasons companies, currently using Oracle Hyperion, who are evaluating a move to Host Analytics or another cloud product, often stick with Oracle Hyperion, and get stuck. I will include many facts, trends and thoughts on why sticking with Oracle Hyperion may not be the best move. Let’s start with the top three in this post and I will post the next three soon!
There were some great technology products created and introduced in the 1990s. But running your Finance processes in 2015 on 1990’s technology can create risk and hold your organization back from achieving its full potential.
Think about how today’s new technologies have enabled us to accomplish more tasks faster, and increase our productivity. Don’t you want the same for your Finance department? Let’s take a little walk down memory lane, shall we?
Flip Phones – Remember these? They
However, your corporate Finance and IT groups are heavily invested in a legacy, on-premises set of EPM applications that haven’t been deployed to your division