The following is an excerpt from SIIA’s Deciphering Finance, a publication cataloging finance strategies and best practices. The goal of the book is to provide solid guidance to help finance executives understand how these new technology trends can benefit finance departments by tapping into the minds of SIIA member executives.

Today’s post is brought to you by Rene LaCerte, CEO of Bill.com.

In today’s high-pressure economic climate, CFOs and other financial managers are aggressively searching for ways to save money, maximize efficiency, and drive growth. Increasingly, cloud- based financial tools are emerging as a solution that can help them accomplish their daily tasks more efficiently while improving their cash flow management and visibility.

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The following is an excerpt from SIIA’s Deciphering Finance, a publication cataloging finance strategies and best practices. The goal of the book is to provide solid guidance to help finance executives understand how these new technology trends can benefit finance departments by tapping into the minds of SIIA member executives.

Today’s post is brought to you by Ron Gill, CMA, CFM, and CFO of NetSuite (NYSE:N)

The benefits of transitioning from an on-premise ERP system to the cloud are manifold. In a recent survey that NetSuite conducted with approximately 800 IMA® members, the results closely mirror my experiences at the company. The survey asked finance professionals: “What do you perceive as the single key benefit of moving your financials to the cloud?” Figure 1 shows their answers. The clear drivers were around total cost of ownership; anytime, anywhere access; and business process improvement.

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