A major shift is taking place in how enterprises select their financial management applications, with a migration to cloud applications happening faster than expected, according to Market Research. A recent survey of senior finance executives found that by 2025, 50 percent of enterprises will use the cloud to support more than half of their transactional systems of record.
Further, with the rise in online transactions of banking activities, global digitization, and customer satisfaction have fueled the growth of finance cloud during recent years. However, adoption of cloud-based services in financial sector is partial as these institutes require high data security, authenticity, and complete control over the data, which is not completely offered by cloud computing.
Further, with the rise in online transactions of banking activities, global digitization, and customer satisfaction have fueled the growth of finance cloud during recent years. However, adoption of cloud-based services in financial sector is partial as these institutes require high data security, authenticity, and complete control over the data, which is not completely offered by cloud computing.
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