There are clear financial benefits driving the shift toward cloud-based solutions. In an April 2016 Research Note by Nucleus Research, they “found that cloud application projects deliver 2.1 times the ROI of on-premises ones” and that figure is on the rise, “up 24 percent since 2012“1.
In addition, companies deploying cloud-based applications “incur 63 percent lower initial consulting and implementation costs” and “55 percent less (on average) on personnel to support cloud applications compared to on-premise deployments.”
These benefits can continue to increase over time as businesses add more users. The ongoing addition of new features—with limited disruption compared to upgrading a legacy system—helps increase user productivity.
A move to Cloud EPM is more than an update of applications, it’s a transformation of key operations, with the clear benefit of enabling both business optimization and strategic growth.
Oracle Enterprise Performance Management Cloud combines market-leading applications with cloud-based delivery for increased business optimization. For finance executives frustrated with spreadsheets or strapped to legacy applications, a cloud-based performance management solution offers an easy on-ramp, lower IT resource requirements, and accelerated time to value.
Want to hear more about Cloud EPM? Stop by Perficient booth #211 at Kscope16 June 26-30 in Chicago. For more on Perficient’s expertise on Oracle EPM, click here.
1 http://nucleusresearch.com/research/single/cloud-delivers-2-1-times-roi/
