At the macro level, cloud-based financial management systems are beginning to catch on, according to experts. A late 2013 survey from Cambridge, Mass.-based research firm Forrester Inc. shows that 34% of companies are now using Software as a Service for some portion of their financial and accounting applications, up from 16% the previous year.
But the micro level is much more nuanced. While some finance executives are gung ho on the cloud, others are still struggling with the notion of trusting a cloud vendor with sensitive financial data. Regardless of industry or company size, attitudes vary significantly among individual finance professionals.
So where do you fall on the cloud financial management system readiness spectrum? Find out after answering the following 10 questions.