Finance and accounting (F&A) systems are critical for every organization’s operations, enabling accurate and timely financial reporting, forecasting, budgeting and overall business decision-making. Traditionally, these systems were managed on- premises, safeguarding sensitive financial information within corporate boundaries. However, evolving F&A system capabilities and increasing business complexities necessitate transitioning toward more flexible, scalable and cost-effective solutions. Despite the rising trend of cloud-based application modernization, historically, migrating F&A data to the cloud has faced resistance, primarily driven by concerns over data security, potential loss of control and regulatory compliance issues.