CFOs Must Lead Adoption of The Cloud

Curated by Paul Helmick

I’m a Technology CEO and Experienced Entrepreneur. I love helping people use technology to grow their business.

  • A very insightful article highlighted from CFO magazine
  • As industries are being disrupted, the balance of power has shifted to the customer, and business models are now synonymous with business outcomes
  • Everywhere we look, we see and feel change — in our customers, in our competitors, and across our respective industries
  • It’s all the result of digitization, of course, with its roots in the cloud as the basic starting point
  • CFOs with an exclusively on-premise mindset are at risk – change must happen and rather than resisting it, and the finance department can — and should — help lead it
  • As the world changes around you, you will be expected not just to navigate your way through it, but rather to step up and lead –  That will require a different set of skills and deliverables than you have today
  • Peter Drucker says “The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday’s logic”
  • Ultimately, for most everyone, the shift to the cloud will likely force you to adapt to the way you recognize and report revenue, structure commercial agreements, support customers, and deliver your products to market
  • It will impact just about every area of your business, and finance will have to play an instrumental role
  • How will your finance team access real time information – Where they can best apply it – How will this change the way you engage with different parts of the business, and what processes will change (or disappear) as a result?

Via CFO Magazine