What does the Cloud mean for finance?

Posted by K2 Advisory in IT & The CFO on Thu, 30/09/2010 - 09:14
K2 Advisory

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Cloud Computing and software as a service (SaaS) is more than just a hyped technology looking for a business case, according to Dr Katy Ring of K2 Advisory. The new model for delivering IT resources represents the industry’s best response to user needs in the internet era, she argues. 

“The Cloud is an effective means to create and deliver digital services and products to a global, online marketplace,” she says.
 
While Cloud applications have been embraced for customer relationship management (CRM) and so-called self-service HR applications, the take-up has been slower within finance departments. In spite of the business-critical nature of finance and ERP applications, senior executives need to appreciate the wider technology landscape in which their business software operates.
 
In an online webcast this week with SAP, Dr Ring  will explain in more detail how web-based applications can support a more collaborative approach to working with line manager and supply chains, and facilitate new business models.
 
The Cloud is most disruptive for industries such as software, music and entertainment, where online trade in digitalised products has transformed existing business models. Even for those who sell non-digital products, such as publishers who sell books through Amazon, the Cloud offers another sales channel and a new way to connect with customers.
 
K2 Advisory/SAP webinar 30 September 2010K2 Advisory is a team of analysts who focus on technology’s role in driving innovation.On 30 September, Ring will expand on these ideas in an online seminar in association with SAP that will look at the benefits and risks of Cloud computing, and how companies can use the new technology to their advantage. Sign up now to join her in this thought-provoking session.  
 

 

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