Cloud Technology Breaking the Barriers in Finance Departments
Designed to address the security, risk and compliance challenges, cloud computing technology has overcome much of the resistance in the overall finance sector. The key reasons financial department of the companies adopt the cloud computing technology are to enhance the business operation agility, upgrade the system, save the procurement cost, and to streamline the overall business procedure. Aforementioned benefits increase the scalability, elasticity and provide additional opportunities to achieve a greater balance between businesses needs and technology resources. The most recent Ovum research shows that the investment of cloud computing has increased in the financial sector due to better and efficient cloud solutions and increase in the development of cloud applications. According to the Cloud Reality Check research, companies plan to increase their cloud budget by 7% over the next three years (23 per cent to 30 per cent); accounting for nearly a third of their corporate IT...