The movement of sensitive financial data and critical applications to the cloud is a significant milestone for most organizations. As cloud technology matures, an increasing number of companies are migrating financial functions away from on-premise systems. In our most recent Finance Trends survey, more than half (58%) of the respondents said that they plan to increase their spending on cloud applications in 2020 — indicating that they either have already migrated or are planning to do so this year.

This article summarizes the importance of cloud migration and provides insight finance leaders need to execute their migration plans successfully.