As Sage Financial Director Jordaan Burger recently told Aki Anastasiou in an episode of What\u2019s Next in Finance<\/strong><\/a>, the technology\u2019s implications are revolutionary.<\/p>\n \u201cEverything is going that way, it\u2019s not something to be afraid of anymore,\u201d Burger said.<\/p>\n The research found that 72% of large businesses operate in the cloud from either hybrid or fully cloud-based systems.<\/p>\n Additionally, 77% of large businesses use cloud-based solutions for financial management.<\/p>\n The research identified five key advantages among businesses which use a cloud-based financial management system:<\/p>\n The report also found that 72% of senior financial decision makers believe cloud-based systems have improved security and help protect financial data.<\/p>\n This is particularly important as 50% of senior financial decision makers acknowledged that managing these risks is a challenge.<\/p>\n Burger explains that cloud technology enables additional protection in one key way: It allows developers of a particular solution to patch security vulnerabilities and push fixes to all of their customers quickly.<\/p>\n \u201cWhereas with old on-premise systems, you just didn\u2019t have the ability. You had to rely on your customers to actually run those updates,\u201d he notes.<\/p>\n One of the best examples of an effective cloud financial management system is Sage Intacct<\/strong><\/a>, which was recently launched in South Africa.<\/p>\n A powerful \u201cborn in the cloud\u201d solution for CFOs and professional finance teams, Sage Intacct boasts the following capabilities:<\/p>\n Chief Technology Officer at Sage Aaron Harris says the survey showed that almost all senior financial decision-makers were actively involved in digital transformation in their businesses.<\/p>\n \u201cA multifaceted role is emerging for CFOs; one that combines skills like accounting, analytics, business management, and strategic thinking.\u201d<\/p>\n \u201cA cloud-based system like Sage Intacct supports this transition, putting the right digital tools at finance leaders\u2019 fingertips to drive greater agility and better current and forward-looking visibility for improved decision making,\u201d Harris says.<\/p>\n Sage Intacct has also been named a Leader in the new IDC MarketScape: Worldwide SaaS and Cloud-Enabled Midmarket Finance and Accounting Software Vendor Assessment<\/strong><\/a>.<\/p>\n Furthermore, Gartner published their 2020 Magic Quadrant for Cloud Core Financial Management Suites and Sage Intacct was again positioned in the Visionaries Quadrant<\/strong>.<\/a><\/p>\n The infographic below provides an overview of Sage Intacct, including its Core Financials and Additional Models, as well as the range of verticals for which it offers industry-specific solutions.<\/p>\nKey benefits<\/strong><\/h3>\n
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Security<\/strong><\/h3>\n
Sage Intacct<\/strong><\/h3>\n
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![\"Sage](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/09\/Screenshot-2020-09-07-at-15.23.44-e1599631269579-1024x757.png\")
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