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Cloud Computing: A CFO’s Perspective

Cloud computing has become a larger part of any companies. CFO's are playing a greater part in the decision-making process. Understanding the CFO perspective may help streamline your process.

Cloud computing and the technologies surrounding the platform have made a big impact on the modern business. Now, more organizations are looking for ways to leverage the cloud and see where it can create cost savings. Although many IT professionals will fight for a cloud model – in many cases, the CFO needs to make a good recommendation as well.

The IT infrastructure is an absolutely vital part of any company. In fact, IT is now at the top of the CFO's agenda. According to Gartner’s The CFO’s Role in Technology Investments, 26 percent of IT investments require the direct authorization of the CFO and 42 percent of IT organizations now report to the CFO. This is why, in recent years, the IT department and the business organizations have become much closer in terms of the technologies the entire unit wants to deploy. Just like any new technology, the cloud can have very positive results for a company. However, these results only come about after thorough planning around cloud computing.

In this whitepaper, HP takes a deeper look at the cloud – but directly from a CFO’s viewpoint. This means analyzing key benefits in moving towards a cloud platform. This includes:

  • Moving capex to opex.
  • Adding speed and flexibility.
  • Creating instant access to innovation.
  • Creating a better and more resilient environment.

Download HP’s whitepaper to see how a CFO should view the cloud and where key benefits are located. Remember, there are a lot of uses for cloud computing. Many organizations can leverage a cloud model to reduce legacy systems or create a private infrastructure capable of agile growth. However, the key here is ensuring that the entire business entity can see the direct benefits of cloud computing. That means other IT departments, other business units, and of course – the CFO.

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