Risks/Rewards of Moving Treasury to the Cloud

April 12, 2013

Cloud computing is ubiquitous among consumers and small and middle-market businesses (SMBs), and is rapidly infiltrating day-to-day enterprise operations. Yet chief financial officers (CFOs) and treasurers are often slower than their colleagues across business units to bring their systems into the cloud.

The value of real-time software-as-a-service (SaaS) solutions has been proven by many businesses that have experienced the benefits of easy deployment, a subscription-based pricing model and multi-tenancy. Despite the prevalence of cloud computing in almost all other business functions, finance departments have been resistant. A company’s financial operations are too critical to risk being left in the technology rear-view mirror.

With cloud technology now a mainstream option for other corporate functions, why are CFOs and treasurers holding back?