System News
How Lloyds Banking Group Is Moving Finance To The Cloud
By Margaret Harrist
August 8, 2017,
Volume 234, Issue 2

Margaret writes in Forbes, "When Matt Trager joined Lloyds Banking Group (LBG) five years ago, the organization was in the midst of delivering a multiyear transformation of its finance function. The goals were to replace the financial consolidation and accounting software as well as the general ledger.

After a long and challenging requirements-gathering phase, the cost estimates for required customizations of the planned on-premises finance system continued to rise - exacerbated by the ballooning cost for IT, consultants, and contractors..."

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