Financial Advisory Blog

Armanino’s Financial Advisory blog is your source for thought leadership around cloud ERP and accounting solutions and integrations. Supported by the Cloud Accounting Institute and numerous experts in cloud, finance, reporting, integration, compliance, and technology, Armanino’s Financial Advisory blog features must-read content on what’s happening in the finance industry, case studies, white papers, and much more.

September 10, 2014

Cloud Accounting Institute Annual Benchmark Study 2014

Posted by Lindy Antonelli

Cloud SolThe 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.

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