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In the most basic sense, cloud computing is using the internet based applications to provide solutions or solve problems rather than having physical infrastructure in your office, personalized for your use.
But, the question is, how does this help you? This is primarily because of the numerous advantages the cloud computing model brings along. Advantages of Using Cloud Financial Planning and Analysis Solutions No Upfront Investment Cloud based solutions use an on-the-go pay model. No Maintenance Requirements Using software as a service saves you from hiring any in-house maintenance personnel. Saves Time and Energy Once you start using cloud financial close solutions, you would realise how much of a time, cost and energy saver it is. Easy Implementation Implementing any customized software in your office can take months at a stretch. Anywhere Access Having your customized software in your office systems limits access. Cloud based solutions are the future, there is no denying that.
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