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From accountants to FP&A professionals, the finance team is fast becoming the engine of insight in the modern enterprise. This hasn’t always been so. For years accountants were seen as “bean counters” and CFOs as gatekeepers. But that’s changing as powerful new technologies help finance transform corporate data into insights that help organizations make better decisions sooner so they can operate with greater agility.

Among the most significant: cloud-based planning solutions. In recent years, cloud-based accounting and FP&A systems have become the industry standard, rapidly replacing spreadsheets and outdated legacy planning platforms. In the process, they’re offering finance teams powerful new ways to extend planning throughout the enterprise, gain a better understanding of what the data can tell decision-makers, and engage in more strategic activities that help the business succeed in an era where agility is the currency of success. Below are some key pointers on how implementing cloud-based planning solutions can not only help streamline day-to-day processes, but also provide clients with the best tools to prepare them for the data-driven future.