IDG Contributor Network: Top 3 reasons CFOs migrate to a cloud-based accounting system

Reason #1: The current vendor no longer supports the product.
Cloud applications are here to stay. In the next few years, the vast majority of companies will be running their back office systems in the cloud. If you take a close look at the legacy ERP vendors, every single one of them is either building a cloud product or trying to put a cloud veneer on their existing products (be careful, though not all clouds are equal). They are pushing the vast majority of their R&D dollars to their clou