ROI from cloud financial management–what to consider for your company

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Are you a finance leader who is considering moving to the cloud? If you are, I might be able to help you understand what you need to know to make the best decision for your company. Sage has launched a new, in-depth Sage Intacct webinar series that explains cloud computing—specifically SaaS financial management.

In the new Cloud Education Series, you’ll learn how to figure out your return on investment (ROI), see how total cost of ownership (TCO) factors into the equation, and figure out how soon you could see a payback. You’ll also hear stories of how companies gained financially from switching to the cloud.

If you’re like most people, you’ve heard of cloud computing. It’s become much more mainstream in recent years. And while it’s a term many of us use, not many know exactly what it is – let alone how it works and its benefits. In the past, when I’ve been asked to explain how the cloud works, I understood the big picture but did not have all the answers around the nitty-gritty details.

For business, confusion and misconceptions about the cloud can be costly, slowing down growth and in some cases, causing fear. To make the right decision for your company, it’s important to do your research and understand the cloud, its building blocks, and your options. The ROI for Cloud Financial Management webinar can help by breaking down the cloud and explaining the different models of cloud services.

The webinar explains that software as a service, or SaaS, is a key part of the cloud, which is increasingly shaping our workspaces. Nearly every type of business technology is choosing to use SaaS nowadays—from huge corporations to mid-market, and mom and pop shops. The trend is expected to rapidly increase in coming years with more businesses choosing SaaS, according to Gartner. Yet there are still many questions surrounding SaaS including whether it’s a good choice for your company and what qualifies a company to be considered SaaS. The webinar explains what SaaS is and shows you what to look for to get the full benefits of a SaaS system.

After the webinar takes you through the building blocks of the cloud, it offers practical business considerations to reflect on when choosing a cloud system. Sage Intacct has worked with thousands of customers, seen their experiences, and gathered information on where customers typically see measurable ROI from a cloud financial management system. You’ll learn about these areas so you can start your list of value adds for your organization.

One of the more obvious areas is anytime, anywhere access. During the pandemic, this access became crucial for many companies when they had to send their employees home to work. But did you know anytime, anywhere access is much more than just being able to get on your business system from anywhere? It can benefit organizations in whole new ways that have positive ripple effects throughout companies. The webinar shares what anytime, anywhere access really means and the big advantages that come with the cloud.

Automation is another key component of ROI when it comes to identifying savings opportunities. The webinar looks at what the cloud brings to the realm of automation and how it can often exceed automation opportunities in on-premises systems. It shows how the cloud is helping finance teams improve their operations and increase autonomy, so they can get what they need when they need it. These time savings can really add up across the many moving parts of a finance team’s responsibilities, and freeing up time allows finance professionals to focus more on analysis and strategy.

AI and machine learning are additional pieces to consider as you calculate your ROI. Companies today are enjoying the benefits of AI and machine learning—from simplifying the digital transformation experience to unlocking the full power of their data. At Sage Intacct, AI-powered functionality provides organizations with extensive visibility, scalability, and flexibility to grow and can be a safety net, catching potential errors and risks. The webinar shares what AI and machine learning can do for a company and how they are changing the way finance teams work.

If you’re ready to learn about cloud computing, register for our latest webinars here.