The long-term success of any company depends on solid planning and budgeting. Even for these critical business processes, a large percentage of organizations continue to rely on scattered spreadsheets that can't support a robust and efficient planning process, and offer inadequate data security.
Although most finance teams understand that spreadsheets aren't the ideal choice for planning and budgeting, many are concerned about the time and money that might be involved in implementing a proper EPM system, and therefore opt to retain the status quo.
However, unlike legacy on-premise EPM software, cloud-based EPM suites give finance teams a new alternative. These solutions enable finance teams to streamline their planning and budgeting processes, reduce the potential for human error, and better protect their data-- for a fraction of the time and money it takes to implement an on-premise solution.