Cloud-enabled emerging technologies are changing the way companies operate and compete-and the finance function, specifically, is ripe for disruption. Finance teams spend 85% of their time on labor-intensive, manual tasks, leaving little time for innovation, shares Juergen Lindner, VP of marketing for Software as a Service (SaaS) at Oracle. But with advancements such as AI, machine learning, robotic process automation, and blockchain, that's quickly changing.
In fact, CFOs who embrace cloud technologies now could lead a predicted $2 trillion US productivity boom over the next decade-if they have an ERP cloud solution that can go the distance. According to a new report from Aberdeen Research Group, "The Future-Ready ERP Cloud: What to Expect," companies are making it a priority to modernize their business systems, realizing "technology is the engine for success in all other areas."Not all ERP cloud providers, however, are equal when it comes to emerging technologies. When assessing current and potential cloud partners, finance leaders should consider three questions: