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Top Five Reasons CFO's use Cloud Software

02/08/2018

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Are you a CFO who juggles multiple responsibilities including technology for your company? We understand your struggles.

In today’s business world, there's a much higher expectation than in past decades with CFO’s being more involved in developing strategy and guiding key initiatives. Before CFOs can move to the high-level strategies and successfully guide their business financially, they must overcome these road blocks including out-of-date and inefficient financial practices, data silos and meager reporting capabilities.

We have found the use of cloud software can offer many benefits to remedy these challenges. 

Five Key Benefits to the Cloud

1. Visibility

Companies of all sizes can benefit from driving growth with financial and operational insights from cloud-based software. A leader in cloud financial management, Sage Intacct helps businesses gain the financial and business intelligence they need to expand and accelerate business operations, all in real-time.

2. Support

With traditional on-premise software, the installation is unique and customized to your needs. You’ve selected the hardware, configured the database and servers, and chose what version to use. These things are great, until you no longer have the bandwidth to service this software, which can make it difficult for a partner to service on your behalf. With Sage Intacct, these issues are remedied, and you also get the comprehensive support from knowledgeable product experts at LBMC Technology Solutions, along with the opportunity to exchange information with your peers through the Sage Intacct Community.

3. Security

When you house your data in on-premise software, it is up to you to keep that data safe.  When selecting cloud software, like Sage Intacct, you tap into security that covers all angles: physical, network, application and data. SSAE 18 SOC1 and SOC2 Type II audits and other third-party certifications, ensure your financial information is protected in a highly secure environment.

4. Easy Integration

CFO’s need a system that connects seamlessly with the business systems they have in place, and have the capability to integrate into new applications they may need in the future. Sage Intacct was built to be flexible, so the solution meets the needs today and can grow as business evolves.

5. Greater ROI

By using cloud accounting software, CFO’s are reaping high ROI’s from their software providers. Cloud accounting software, such as Sage Intacct, provides automatic quarterly upgrades, with no business disruption or costly upgrade projects. CFO’s can eliminate hardware costs and IT efforts from their bottom line.

Intacct Resources, Guides, Checklists, Videos, PDFs

LBMC Technology Solutions offers several financial software options to fit the way you do business. Contact us to discuss the best solution for your organization.