Optimize Your Financial Processes With Cloud Computing

Cloud computing influences cost structures and governance in more ways than a CFO can imagine. And one of those most critical factors is ROI. Chief Financial Officers take advantage of cloud technology by maximizing cost efficiencies, improving scalability and accommodating unpredictable demand.

As a CFO, you take on many roles — one of a leader, a strategist, a steward and a catalyst:

  • The Leader: Enable and execute on both global and domestic growth strategies to construct a financial model that succeeds across regions.
  • The Strategist: Identify strategies to enhance business performance by delegating critical financial functions — while still maintaining quality governance.
  • The Steward: Gain a real-time view of risks and regulations, while maintaining pace with growing revenue.
  • The Catalyst: Provide access to important financial information and offer financial advice on innovation and growth.

Today’s business environment requires CFOs to reduce costs and improve efficiencies. Most organizations are subject to boom times and quiet times in their business cycles. Working with the cloud lets you expand and contract your financial resources in sync with those cycles.

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NetSuite Cloud Business Management Suite for Strategic CFOs

From budgeting and planning, execution to deployment, today’s CFO is involved across the organization.

As this role continues to evolve, NetSuite offers an integrated, single system for CFOs to be strategic while managing core business processes across the enterprise.

Watch the video to learn more about how NetSuite is enabling CFOs to make faster, better-informed decisions with real-time data, customizable dashboards, and integrated business intelligence..

Benefits to the CFO

So really, why should CFOs look into the cloud? Well, review this survey of some of the top finance executives in U.S. companies on how cloud computing reduces costs and helps businesses succeed. According to the data:

  • 71% acknowledged that cloud systems curbed overall hardware costs.
  • 66% cited a reduction in software costs.
  • 66% affirmed that they saved dollars on data recovery and backup.
  • 64% said implementation of cloud technology would reduce operational costs by up to 20%.
  • 59% said they saved money on IT labor costs.

If you’re looking to streamline your financial processes, and save money while doing it, let an expert at Nuage know. We’ll help you implement a smooth business transition on time and under budget.

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