convergence.
In a benchmark study conducted by the Cloud Accounting Institute [1], the most widely deployed cloud solution
areas currently are Accounting/Financial Management. Among managers with plans to acquire SaaS solutions, 74%
pointed to Accounting/Financial Management software solutions.
The top three expected benefits from adopting Software as a Service (SaaS) solutions are [1]: simplifying
software management, reducing capital and/or operating costs, and speedy implementation.
The top concerns regarding a SaaS solution implementation are [1]: security concerns, integration challenges
with other applications, total cost concerns, and application performance.
The main benefits of integrating cloud solutions are [1]: a “single version of the truth” for improved management
decision-making, reducing duplicate data entry and real-time reporting.