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Sounds Great! (But What Is It?)

Surveys indicate that CFOs have high hopes for cloud computing, but don't know much about it.

Kim Girard, CFO Magazine
March 1, 2011

Cloud Computing

Cloud Computing is extremely important today to make the Accounting and Finance processes easy and automated. However, this may require major restructuring and also resistance from the staff to accept new technologies. But i think the matter of concern should be to improve no matter whatever it takes. The more we improve the more we get confidence to try different and new things and learn from using wrong things. Being a Chartered Certified Accountant (ACCA) i always like to test different things to enhance my knowledge and ability to cope my self with new technologies. If you are thinking of employee resistance then its not difficult to manage. One can use following methods to deal with resistance: -Participation of staff in developing and implementing the new system. -Communicate the staff why you are changing the way to do work, what will be the benefit to organization and to employees. -Negotiation. -Assure them that there jobs will be secure. -Use of power but a bad way to manage change. -use a change Agent. Nabeel Shaukat Content Manager for Virtual Data Room Data Room Globalkap Corporation Eric Wukitsch, CFO of Vantage Apparel, who says, "I think the concept is great, but there are obstacles when it comes to security and overall acceptance."

Posted by Cameron Nabeel | March 24, 2011 02:08 pm

Techies have a similar issue

The real truth is that "cloud computing" means different things to different people even in the technical community. But the general concept of using external IT services to complement or replace some or all of the IT services comes under the cloud umbrella. is probably the most recognized "cloud service" that started as a SaaS (software as a service) offering. Salesforce now has a cloud service environment in which you can run your apps, no need to acquire and manage your own servers. Amazon however was a pioneer and perhaps has the most robust technical offering in this space. Amazon's cloud (Amazon Web Services) appeared long before others were even visible on the horizon. There are many other offerings, such as Google Apps Enterprise, that also are plays in the cloud computing space, so CFOs will need to become educated based upon their particular situation or opportunity. Cloud opportunities must be evaluated in the same manner as other decision are made. Get the facts, run the numbers, make a decision.

Posted by Dan Abell | March 23, 2011 02:42 pm

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