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Digital Transformation
Market Trend Reports
What is the Value of Cloud for CFOs?
Nov 26, 2021 | 4 min
Key Takeaways:
- Chief Financial Officers (CFOs) play a pivotal role in defining technology projects. Building a relevant relationship with this persona is essential for all cloud projects.
- The CFO is primarily concerned with the cost of cloud projects, and the cost-benefit of moving workloads to the cloud at both the short and long term level.
- Moving to the cloud is not just about transformation and scalability. It is more often than not an economic decision impacting how a business accounts for IT costs.
The CFOs Role in the Decision-Making Process
Over half of CFOs are heavily involved in the technology solution selection process. The CFO has adapted to become technology and data-driven beyond the traditional “finance function.” They are increasingly strategic advisors of technology decisions.
29% of CFOs play a pivotal role throughout the entire technology…