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Whitepaper: Practical Tips for Cloud Financial Governance

Over the past 10 years, the cloud has grown from an idea into a significant reality. More and more organizations are using the cloud for increasingly more functionalities. Measurements by Quint together with Whitelane Research show that 64% of the 200 respondents predicted that by 2022, more than 30% of their applications will run in the cloud (and 33% even expected it to be more than 50%). And perhaps more importantly, cloud is currently rated higher than other forms of outsourcing: 79% of respondents are satisfied with cloud infrastructure and 74% with cloud applications (compared to an average of only 69% for other forms of outsourcing). If this trend continues, all IT will be running in the cloud by 2030.

In this white paper we outline, among other things:

  • The strength of cloud for financial management is that it enables the transition from CapEx to OpEx.
  • Central control of overall IT costs creates a barrier to cloud adoption: cloud requires different financial governance.
  • When transitioning to cloud, organizations should have IT costs borne more by the business departments where value is created.
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