Cloud computing for CFO

Cloud computing for CFO

Cloud computing is an IT technology which has agility. Once installed it always has a positive impact. This impact would last for a longer term in
the company. Cloud computing is like the emergence of the internet which has the potential to radically change the IT and business landscape.
The promised benefits of cloud computing is great and the CFO can make take best decisions for the long-term business and financial health of
organizations. Every business expects that they get some good returns and ROI is one of the most critical factors. Advantage of cloud technology
by maximizing cost efficiencies, improving scalability and accommodating unpredictable demand.

From budgeting and planning, execution to deployment, today’s CFO is involved across the organization and as this role continues to evolve,
NetSuite offers an integrated, single platform for CFOs to be strategic while managing all core business processes across the organisation.
NetSuite enables CFOs to make faster, better-informed decisions with real-time data, customizable dashboards, and integrated business intelligence.
With NetSuite system, CFO’s can gain a real-time view of risks and regulations, while maintaining pace with growing revenue. CFO’s reduce costs and
improve efficiencies.

A CFO takes on different roles like

  • Leader– As a leader he will enable and execute on both the global and domestic growth strategies for constructing a financial module which will
    succeed across various regions.
  • Strategist– Being a strategist he would be the one who will identify the strategies which will enhance business performance by delegating
    critical financial functions while maintaining the quality governance.
  • Steward– As a steward he would gain a real-time view of the risks and regulations while maintaining pace with growing revenue.
  • Catalyst– Being a catalyst he would provide access to the important financial information and offer financial advice on innovation and growth.

Benefits

  • Efficiency and cost-savings
    The system that has been set needs to be efficient enough. All the process needs to be in
    a proper format. This will also help in saving on to the extra costs. These cost saving can be used at some other place where they are
    required.
  • Speed and flexibility
    There are a few traditional models that come with a significant level of capital investment that most of the CFO’s accept as a necessity for
    doing business in this age. This large system may require a large cost. It may become impossible to fulfill rapid changes in demand to capacity
    and usage. When such things come up, it’s best to have cloud solutions. They can be deployed very easily and rapidly. The risk of this project
    failure can be reduced significantly along with the cost. The processes speed up and can be deployed anytime anywhere.
  • Instant access to innovation
    There is constant innovation in technology. One can practically not be responsible to constantly acquire and deploy the new and best solutions.
    Cloud would offer the potential for upgrading the business and functional applications at a rapid pace with no capital outlay and no complex
    deployment cycles.
  • Better for environment
    A high cost and environmental damage associated with the powering of large IT data centers is all well documented. Cloud computing would remove
    the need for the individual companies to operate their own data centers. Vendors would operate on a massive level so that the centers make an
    efficient optimal asset-utilization and operate from various locations where low-competition for the energy supplies which would enable
    better cost management and have a minimal impact over the local population needs. In short terms, the companies can immediately improve
    their carbon footprint and energy consumption by replacing the old technology with the cloud solutions.
  • Reduce hardware costs and software costs
    When all the technology is in place, it would gradually reduce the cost of the hardware and software. Most of the companies spend a lot of
    money on the IT labor cost, software and various other costs. You can also save money on the data recovery and backup.

Why should you collaborate with Inspirria?

We at Inspirria Cloudtech, adhere to NetSuite’s proven NetSuite One methodology.
There are a myriad of reasons why you should partner with us. We have listed down a few key reasons like:

  • We initiate as we understand all your objectives and deliver the functional scope.
  • We analyze your business needs and develop a project work-plan according to that.
  • We design with the help of Customization Solution Design & Integration Design as NetSuite addresses your business needs.
  • We configure the NetSuite’s solution in a way that it adapts to your business.
  • We validate the solution so that it is deployed easily.
  • We deploy the solution and your business is now powered with NetSuite.
  • We optimize, learn from the solution and move to the NetSuite support.

Are you a CFO and planning to set up cloud computing in your organization? We at Inspirria Cloudtech, are here to help you. You can take us as
your secured NetSuite partner and provide solutions with decade plus of experience working with 450+ Cloud projects. We push productivity to
its optimum level with some proven solutions that are used by best companies all over the world.

Date: 
Monday, June 12, 2017

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