The cloud computing market is booming, with Gartner projecting the industry to exceed $331 billion by 2022. That’s no surprise considering the benefits include cutting costs, improving data quality, increasing security, and ensuring reliability.

Check out these stats, based on a survey of IT professionals, to learn why your organization should upgrade its tax applications or migrate them to the cloud.

Companies that migrate their tax applications to the cloud accelerate digital transformation and experience many benefits:

• Improved data management
• Increased process automation
• Faster access to new functionality
• Enhanced security
• Decreased costs
• Easier implementation