Cloud – A Key Enabler in the Upstream Source-to-Pay Process

Cloud is a new channel of technology enablement that organizations of all sizes can use to leverage business applications with an on-demand, platform, or software-as-a-service (SaaS) model. Cloud is designed to help organizations move from a capital expenditure (CAPEX) model to an operating expense (OPEX) model while providing different payment options, such as pay-as-you-go or payper-project.

Because Cloud-based applications are delivered in a “one-to-many” model, users of these applications generally do not have the option of customizing the applications to their environments and instead must adopt a level of industry standardization.