The need to drive down costs in today's economy is one major incentive to why CFOs should consider cloud technology. But it's not just about a CAPEX vs OPEX procurement decision for the CFO. Your CFO should also embrace the move to the cloud for other reasons.
Here are 4 reasons cloud technology helps your CFO.
Changes in a company's size, caused by growth, mergers, acquisition or downsizing disrupts many aspects of the business, but one main area is IT resources.
The required number of users and the associated IT resources can grow or shrink quickly depending on these events and trying to assess and manage the impact on cost and value for money is difficult for the CFO.
Cloud technology and cloud services release the business from the constraints of old and inflexible legacy systems by creating a fully scalable IT environment.
Agile & Flexible
The ability to deploy cloud services more quickly (often in a few hours) allows an organization to be more agile, scalable, flexible, to meet departmental and user requirements.
In-house IT is not only slow to show value (often months), but CFO's are becoming reluctant to support money spent on endless rounds of hardware, software and growing internal IT resource. They're happy to welcome anything that stops the bleeding of cash and at the same time helps the business react quickly to ever changing requirements.
Bring your Own Device (BYOD)
Access to cloud services often requires no more than a browser on a PC, or a mobile device such as a laptop, tablet or mobile phone. This complements a BYOD strategy perfectly. Here are some stats your CFO will love from the Cisco Internet Business Solutions Group:
- A basic BYOD scheme generates $350 per employee per year.
- Employees pay an average of $695 out of their own pockets for BYOD devices.
- Employees who participate in BYOD schemes are 37 minutes more productive, each week, than those who don’t.
Prevent Shadow IT
Staff, particularly the new generation of workers, are often frustrated that the business does not provide access to cloud technology that will help them do their job better. Not only can this affect their productivity but due to the consumerization of technology they will purchase cloud services they need and hence introduce "Shadow IT" into the business.
Shadow IT isn't just an issue for the IT department due to data security risks and lack of control. It's an issue for your CFO because it becomes impossible to track the benefit/risk balance for the business. Implementing a strategy to authorize and centrally manage cloud applications will mean that thorough auditing is possible, potentially saving the company a considerable amount of money.
If you are saving your company money - your CFO will almost certainly be happy