MORE companies are recognising the potential benefits of moving ERP to the Cloud, as trust in cloud-based applications and IT grows, a survey commissioned by Hitachi Solutions Europe and conducted by Financial Director has found.
The survey of 315 senior finance professionals found that ERP in the Cloud is increasingly supported by senior finance professionals and large organisations with 31% of organisations having moved all or part of their ERP systems to the Cloud, or are in the process of doing so.
Of the respondents who have already moved all or part of their ERP to the Cloud, the main benefits they have experienced include easier access to information, with 30% ranking this as the number one benefit, followed by reduced operating costs and ERP performance.
The most common parts of a business’s ERP to have been moved the Cloud include accounting, business intelligence, HR, sales, e-commerce and customer service functions.
Tim Rowe, director, Hitachi Solutions Europe said: “While in some areas movement to the Cloud has been quite rapid, because ERP is seen as business critical and inherently complex, it has been slower to move to Cloud. Now, however, we are starting to see a shift as the benefits start to outweigh the perceived risks.”
Join Financial Director, Oracle and a host of ‘Fast Data’ experts to discover how financial professionals can help create a Fast Data business
Yahoo’s data breach highlights difficulty in determining whether unauthorised access to data has occurred
Cyber risk is a dynamic threat as criminals seek more creative ways of extracting value from reputable businesses. The new wave of attackers are sophisticated and skilled, and may lie low inside a network for weeks, or months, before taking definitive actions
What can you do to ensure your employees know the company policy and stick to it? Hear from other CFOs and experts in our free-to-view video
What are the next big technologies which can help keep cyber criminals at bay?