29. Finance Pivots to The Cloud
With Albert Pang, President
Apps Run the World
Finance Pivots to the Cloud
30. Agenda
Latest research findings on Cloud
Apps Market
Cloud platform is at a tipping point
Best practices for finance executives
Finance Pivots to the Cloud
32. 2016 Cloud Apps Market By Country
and Vertical
Banking and
Financial
Services
10%
Retail
9%
Healthcare
9%
Professional
Services
9%Insurance
7%
Manufacturing
7%
Consumer
Packaged
Goods
6%
Construction
and Real Estate
5%
Communication
4%
Leisure &
Hospitality
4%
Other
30%
Increasingly viral with
some countries nearing
triple-digit growth
US
60%
UK
6%
Germany
4%
Canada
4%
Australia
3%
France
2%
Mexico
2% Brazil
1%
Singapore
1%
India
1% Other
16%
High-teens and low 20s
expected for most
verticals
34. The Good News is Software
Companies Never Die
In 2000, Salesforce.com almost
had the entire market unto itself.
Today, it’s one of many Cloud applications vendors
fighting on-premise rivals and each other,
trying to secure a slice of the growing market.
1. Constant Contact now part of Endurance
2. inContact acquired by NICE Systems
3. NetSuite now part of Oracle
4. FleetMatics now part of Verizon
5. SciQuest renamed Jaggaer
6. E2open merges with Steelwedge
7. Kewill renamed Blue Jay Solutions
8. PowerSchool acquired SunGard K-12
9. ServiceMax now part of GE Digital
35. Software As A Platform
In 2000, Salesforce.com almost
had the entire market unto itself.
Today, it’s one of many Cloud applications vendors
fighting on-premise rivals and each other,
trying to secure a slice of the growing market.
All the hype over Artificial Intelligence, Big Data,
Blockchain, Internet of Things, Machine Learning,
Virtual Reality, etc. centers round the need to
create a platform on which other third-party
services can be easily distributed and monetized.
36. Cloud profitability
outlook is cloudy
at best as
investor appetites
and expectations
are shifting.
Infrastructure
Growth Prospects
Sales and Marketing
Same applies
to support
costs
Customer
acquisition
costs to rise
Vertical
prevails
Churn
fluctuates
Measuring
win rates
Cloud Shakeout Imminent
37. Customers Explore Insourced and
Outsourced Cloud Options
Insourced
Outsourced
Whole is
greater
than sum
of its parts
37
Agility
Domain
Expertise
Strategic
Imperative
Low cost
Availabiliity
Continuous
Updates
38. Digital Transformation Past vs Future
2500
20000
30000
98663
92242
1940 1969 1980 2011 2016
NUMBER OF BANK BRANCHES IN
UNITED STATES
0
10
20
30
40
50
60
70
Computer-based payments Mobile Payments
Amount of Total Payments
Processed By Bank of America
in Mar. 2016, $B
$20B
Growing at
4% a year
Growing at
15% a year
$60B
ATM
introduced in 1969
BOA is adding 300K+ new mobile users a month,
resulting in 15% growth in mobile payments a
year.
In 2016, BOA had a $3 billion annual budget for
investing in technology and innovation, a figure
that has doubled since 2010.
Introduction of ATM did not mean the demise
of bank branches, nor bank tellers.
Source: FDIC Source: Bank of America
39. Mitigating Your Risks Through
Diversification
Protect Your Core
Innovate Your Context
XXXX
Cost
SG&A
Margin
Cash
Acquisition
Profit
Branding
Pricing
Packaging
Staying power
40. Finance Executives Must Adapt To
Digital Transformation
Today, it’s one of many Cloud applications vendors
fighting on-premise rivals and each other,
trying to secure a slice of the growing market.
A new beginning for finance executives
may portend fundamental shifts in their
priorities as well as their relationships
with other key stakeholders within
the organization.
41. Collaboration and Trust Go Hand In
Hand
Today, it’s one of many Cloud applications vendors
fighting on-premise rivals and each other,
trying to secure a slice of the growing market.
Team collaboration, cross-functional visibility
and even personal branding may hold keys to
building this new enterprise-wide platform
in order to achieve top-line growth and
bottom line savings.