CFOs moves to Cloud platforms to save cost and improve efficiency of working environment.

1. Why CFOs Are Moving to the
Cloud?

2. IDC Survey Report
96% of CFOs believe cloud computing provides
their business with significant benefits.
-IDC Cloud Track Survey, 2012

3. Let’s See Why?

4. CFOs naturally see clear ROI when it comes to
financial systems, such as:
• Budgeting
• Planning
• Forecasting

6. Cost Effectiveness
CFOs see how inventory translates to $ in an ERP
system but have not considered how product
quality and time to market translates to
tremendous cost savings.

8. Cloud Computing Forecast
IDC predicts that over the 2013–2017 forecast period, public IT
cloud services will have a compound annual growth rate
(CAGR) of 23.5%,
5 times that of the IT industry as a whole.
Cloud Computing will become the bulk of new IT
Spend by 2016.

9. Cloud applications are proving to be effective in terms of
accounting, cost reduction, increased efficiency and
convenience.
Cloud SaaS Platforms for CFOs to upstream larger
enterprises, attention is shifting to cost-saving as the
major driver of cloud-based investment is improved
business agility and efficiency of the cloud computing.
Cloud Computing Platforms for CFOs

11. Transform Collaborative Ways of
Working
The properties of accessibility, immediacy and
scalability of cloud computing transforms
collaborative work processes.

13. Centralized Budget Model for the Whole
Organization
Cloud applications offer a single centralized model for
the whole organization and every employee is able to
access the same model at any time. This provides an
ideal environment for negotiation and collaboration,
driving up data quality, control budget iterations and
forecast accuracy.

15. Latest Innovations as Newer Applications are
Developed
In the cloud, businesses will find the latest
innovations as newer applications are developed.
For example, social tools implementations
transforming planning, budgeting, and forecasting.
Different co-workers are able to overcome
functional boundaries more effectively, share and
retrieve information.

17. Conclusion
Cloud applications are having a great effect on the finance &
accounting, saving money as well as convenience and increased
efficiency.
Cloud computing removes the inefficiencies of spreadsheets in
planning, budgeting and forecasting processes by enabling
enterprises to centralize their ecosystem, implement standard
processes control and improve collaboration as well as accelerate
the budget lifecycle.

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20. Additional Resources
• FSN
• Wikipedia – Cloud Computing
• Gartner Research
• Image Source - Shutterstock