Cloud is becoming main stream because it helps finance better serve the business. On-premise ERP systems are losing their attraction. Cloud subscriptions are going up due to speed, flexibility, and ability to reduce the upgrade lag and dependence on IT.
Reading a research study from Ventana Research, we find the pervasive use of spreadsheets to perform functions they were never meant to do. Enterprise-wide processes that require gathering of data from multiple sources, and that need to be calculated and analyzed on multiple dimensions and shared across many users were not meant for the spreadsheet world.