Whitepaper 2/2010 Financial Management Software as a Cloud Service

Whitepaper 2/2010

Financial Management Software as a Cloud Service

A well-planned cloud service solution can be the most effective way of equipping a company with a ready-to-use financial system, with interfaces to different interest groups and related services. This paper examines the option of acquiring and using financial management systems as a service, and particularly, the benefits this could bring to the finance function.

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This paper examines the option of acquiring and using financial management systems as a service, and the particular benefits this could bring to the finance function. What kind of a service-based solution can replace the old license-based model? Are service-based systems better suited to tomorrow’s networked finance function? Could today’s CFOs build their finance architecture with a combination of delivery solutions—internal, service-based and outsourced—to optimize the available resources and costs? What specific factors need to be taken into account? A list of tips for CFOs is included, with considerations that are important in decision-making.