September 10, 2014
Cloud Accounting Institute Annual Benchmark Study 2014
Posted by Lindy Antonelli
The Cloud Accounting Institute’s 2014 Annual Benchmark Study has indicated that many financial systems currently in use are not optimizing business processes for their users. Terrible and poor marks were given for adapting to changing business or process requirements, publishing complete and relevant information to stakeholders, optimizing business processes, reducing process inefficiencies, and improving ROI. Half the respondents felt their system was average at providing financial information to decision makers, maintaining an effective internal control structure and process, reducing fraudulent transactions, managing performance in the context of business risk. These same respondents expect their SaaS solution to be good or excellent in these metrics.
Learn more about cloud accounting best practices from finance leaders in the 2014 Cloud Accounting Institute Annual Benchmark Survey. Read the full results here.
Lindy leads Armanino’s Cloud Accounting Solutions Practice. She is the Founder & Chair of the Cloud Accounting Institute and has over 25 years of experience in public accounting.
As the Founder and Chair of the Cloud Accounting Institute, a clearinghouse of information on software as a service (SaaS) and cloud computing, Lindy is at the forefront of the dynamic Cloud Technology landscape. She has published numerous blogs, whitepapers, and articles in this space.