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The Cloud Accounting Institute’s 2014 Benchmark Study finds cloud financial solutions are now mainstream ways to achieve efficiency.

In 2014, the Cloud Accounting Institute repeated its popular survey of finance executives to promote best practices for SaaS (Software as a Service) selection, migration, integration and use.

The 2014 Benchmark Study offers several insights, including:

  • Respondents reported wasting anywhere from 8 hours per week to 40 hours per month on manual efforts/sub-optimal use on non-cloud systems.
  • Budgeting/forecasting/corporate performance management solutions were high on the list of future cloud solution investments with 52 percent of respondents planning to invest in them.
  • Two-thirds of respondents rely on mobile devices, pointing to the importance of mobile functionality to increase productivity and efficiency while enabling employees to take advantage of cloud-based collaboration.

Armanino’s Cloud Accounting Institute (CAI) is a clearinghouse of information on software as a service (SaaS) and cloud computing. CAI is dedicated to addressing the needs of accounting and finance professionals. Keep a finger on the pulse of what’s happening in cloud accounting through CAI’s case studies, white papers, and research on cloud financials and accounting best practices for SaaS selection, migration, integration, and use.

Benchmark your finance organization’s adoption of cloud accounting solutions against your peers.

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