What CFOs Need To Know About Cloud Computing

Grazed from Forbes. Author: Janel Ryan.

Today’s business environment requires CFOs to improve efficiencies and reduce costs. Given that the topic is cloud computing, a CFO will likely hear a lot of hype, but the most important thing to consider in a cloud solution is, “Which business problems do I want to solve?” Consider these:

Maximize Cost Efficiencies
From a cost savings perspective, cloud computing can preserve capital, turning a large, upfront CapEx into an OpEx. Cost savings stem from providing a “pay as you go” model.

Strategy
Cloud computing is not one-size-fits-all. As you review your business needs and priorities, understand that while some applications will be a better fit for cloud. The low barrier to entry in terms of capital outlay can make it possible for you to reach new customers across the globe. Further, new customers can come online faster because resources are readily available and scalable…

Improve Time-to-Market
The scalability of cloud computing allows for shorter development cycles. It lets your development team speed the time-to-market. The resources they need can be made available with little more than an “I need X amount of computer power” request. That means temporary resources needed for proof-of-concept projects or new product development can move forward without capital investment…

Read more from the source @ http://www.forbes.com/sites/sungardas/2013/11/01/what-cfos-need-to-know-about-cloud-computing/