William Craig, CPA, Senior Manager - Marketing
Where are we with Cloud ERP and where is the industry headed? Here is what the experts are saying:
In the past 12 months, Oracle picked up 2,181 total new Software as a Service (SaaS) customers, 263 in ERP. (OpenWorld).
A recent Gartner survey found that 47% of respondents will be moving their ERP to the Cloud in the next 5 years with 26% moving in the next 3 years. (Gartner)
By 2017, enterprise spending on the Cloud will amount to a projected $235.1 billion, triple the $78.2 billion in 2011, (IHS Technology)
3 in 10 midsize companies will adapt Public Cloud in the next 5 year (PC World)
The number of global consumer subscriptions to the Cloud will jump to 730 million this year, up from 630 million in 2013. (IMS Technology)
The percentage of CFO's who embrace moving Integrated Financial Management to the Cloud increased from 21% to 47% from 2013 to 2014. (The CFO's Technology Imperatives for 2014, FERF Issue Alert, 2014)
Two-thirds of executives claim to be adopting a Cloud-based system for core financials, 24% have already implemented a Cloud-based system, and 45% are working on a roadmap to do so. (The CFO's Technology Imperatives for 2014, FERF Issue Alert, 2014)
Cloud applications deliver 1.7 times the ROI as on-premise software of the same kind. (Nucleus Research)
For Cloud applications deliver a 5 percent discount using OPEX vs CAPEX, because businesses can take cloud software costs directly off the top line, instead of depreciating the cost over time. (Nucleus Research).
We added more ERP customers in the Cloud this past quarter than Workday has had in the life of their company. (Forbes - Mark Hurd, CEO - Oracle Q12015 Results)
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