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ORLANDO – May 21, 2012 – The Financial Executives Research Foundation (FERF) and Intacct today announced the availability of a new cloud computing research report, titled: “Building the Business Case for Cloud Computing.” FERF, the research affiliate of Financial Executives International (FEI), the leading advocate for the views of corporate financial management, conducted all the research behind the report – including interviewing CFOs from a diverse array of industries. The announcement was made from the 2012 FEI Leadership Summit, taking place this week in Orlando, Florida.
The new FERF report takes a broad look at the motivations for choosing a cloud-based system, the tangible benefits of the cloud, and the impact of cloud computing in transforming the finance function. William Sinnett, senior director of research for FERF, conducted a series of interviews with CFOs and included their commentary and profiles on their use of cloud computing in the report.
The report revealed that, when it comes to the motivations for choosing a cloud-based solution, the responses from the CFOs interviewed fell into three main categories:
The CFOs also discussed the benefits of moving from on-premises software to a cloud financial management system, including:
To learn more about how cloud financial applications are transforming finance departments of all sizes, copies of the complete "Building a Business Case for Cloud Computing" report are available at http://bit.ly/Lbvico. The report is also available from the Intacct booth at the FEI Leadership Summit (Booth #221). In addition, several of the CFOs included in the report will participate in a panel discussion, “Building the Business Case for Cloud Computing,” during the Summit on May 21st (11:00am - 12:15pm ET).
About Financial Executives Research Foundation
Financial Executives Research Foundation (FERF) is the nonprofit 501(c)(3) research affiliate of Financial Executives International (FEI). FERF researchers identify key financial issues and develop impartial, timely research reports for FEI members and nonmembers alike, in a variety of publication formats. FERF relies primarily on voluntary tax-deductible contributions from corporations and individuals, and publications can be ordered by logging onto www.ferf.org.
Intacct is the customer satisfaction leader in cloud ERP software. Bringing cloud computing to finance and accounting, Intacct’s innovative and award-winning applications are the preferred financial applications for AICPA business solutions. In use by more than 11,000 organizations from startups to public companies, Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers also offer Intacct to their clients. The Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, contract management, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered over the Internet via cloud computing.