Cloud Financial Management: Cost-Effective Implementation of Budgeting and Forecasting Measures

Cloud solutions (including Software-as-a-Service, or SaaS, and on-demand platforms) have gained positive momentum in the recent years, in light of tightening budgets and increased business initiatives. The appeal of achieving business objectives at a lower cost, and paying only for the services when used, has made cloud adoption a goal among many Small-to-Mid-sized Businesses (SMBs), as well as a growing number of large enterprises. Aside from viewing cloud as a cost-effective platform to utilizing business solutions / services, companies are understanding that centralized (and virtual) access to corporate information and data is a great asset to global expansion. Cloud solutions facilitate access to critical information among distributed teams, reduce the disruption of business continuity commonly associated with on-premise deployments, and often offer "friendly" User Interfaces (UIs) to reduce the time and cost of training, while accelerating user adoption. This study focuses on the benefits of leveraging such platforms on a core corporate function: Financial planning, budgeting, and forecasting.

Request Free!