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2019 Buyer's Guide to Accounting and Financial So ware 7 4. Do my managers want or need self-service access to their relevant KPIs? Real-time visibility is a hallmark of today's cloud systems� You can provide access not only to traditional finance department users, but also to other stakeholders across the business. For instance, many organizations that are adopting cloud financials provide real-time dashboards for their management team, so everyone can see the key performance indicators that apply to their department. Others provide access to a broader range of employees so they can view dashboards, enter and approve expenses, and create purchase orders. Some also give lenders, auditors, CPAs, and board members real-time access to key information to build trusted relationships. 5. Does my organization struggle with inefficient processes? The cloud can help you gain company-wide operational efficiencies. You can streamline classic finance processes—such as consolidations and closes. But you can also leverage the Internet to tie in other company functions and processes, as well as your customers and suppliers. For a few examples, you can coordinate purchasing workflows that involve all stakeholders. You can deliver a 360-degree order-to-cash process that connects finance and sales. And you can create budget dashboards for department managers and help increase operational alignment� The cloud enables companies to sidestep the pitfalls of "management by spreadsheet" and avoid the limitations of single-user systems like QuickBooks that trap information in desktop silos� 6. Do we need to compete with bigger businesses—on a smaller budget? A cloud-based financial system lets you tap into world class infrastructure� Your vendor amortizes costs over thousands of customers, so they can maintain world-class infrastructure and provide you with 24x365 operations, continuous backups, disaster recovery, and superior security. This offers you a far higher level of performance, reliability, and security than you may be able to afford on your own. Plus, cloud applications can be provisioned immediately and are upwardly and downwardly scalable. So you can get started quickly and change on a dime. Remote Area Medical Moves From On-Prem to the Cloud with Sage Intacct Remote Area Medical (RAM®) is a nonprofit organization that manages mobile medical clinics, which deliver no-cost health care to thousands of patients around the world. RAM has steadily increased the number of clinics and patients it serves, establishing local teams that find space, donations, and volunteers for new clinics in areas where there is a great need. As its reach grew, the organization needed to scale its financial processes and was looking for be er visibility into location-specific spending. RAM previously used Microso Dynamics GP for four years, but eventually found the on-premises system to be cumbersome and opaque. As a result, its finance team created a complex conglomeration of Excel spreadsheets that they tediously manipulated in order to report to the executive commi ee and board of directors. It was very difficult to produce timely reports, resulting in a multi-month lag on the financials. In order to resolve these issues, RAM decided to make a switch to a more robust ERP solution–Sage Intacct. Many organizations that are adopting cloud financials provide real-time dashboards for their management team, so everyone can see the key performance indicators that apply to their department.