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Building the Case for Cloud Computing

This new report from the Financial Executive Research Foundation takes a broad look at the motivations for choosing a cloud-based system, the tangible benefits of the cloud, and how cloud computing can transform the finance function. William Sinnett, senior director of research for FERF, conducted a series of interviews with CFOs and included their commentary and profiles on their use of cloud computing in the report.

When it comes to the motivations for choosing a cloud-based solution, CFOs expressed three main reasons:

  • A desire to optimize IT systems by eliminating costs and IT overhead
  • A desire for better access to information
  • A desire to streamline and automate financial accounting processes and provide robust reporting for improved decision making
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