[May 24, 2012] New Report: Building the Business Case for Cloud Computing Available from FERF and Intacct Tweet May 24, 2012 (Close-Up Media via COMTEX) -- The Financial Executives Research Foundation (FERF) and Intacct announced the availability of a new cloud computing research report, titled: "Building the Business Case for Cloud Computing." According to a release, FERF, the research affiliate of Financial Executives International (FEI), an advocate for the views of corporate financial management, conducted all the research behind the report including interviewing CFOs from a diverse array of industries. The announcement was made from the 2012 FEI Leadership Summit in Orlando, Fla. The organizations said the new report takes a broad look at the motivations for choosing a cloud-based system, the tangible benefits of the cloud, and the impact of cloud computing in transforming the finance function. William Sinnett, senior director of research for FERF, conducted a series of interviews with CFOs and included their commentary and profiles on their use of cloud computing in the report. As highlighted by FERF and Intacct, the report revealed that, when it comes to the motivations for choosing a cloud-based solution, the responses from the CFOs interviewed fell into three main categories: -A desire to optimize IT systems by eliminating costs and IT overhead -A desire for better access to information -A desire to streamline and automate financial accounting processes and provide robust reporting for improved decision making The CFOs also discussed the benefits of moving from on-premises software to a cloud financial management system, including: -Increased anytime, anywhere visibility -Productivity savings, such as superior integrations with existing business solutions -Reduced hardware and software costs -Lower implementation and integration costs -Lower operational and maintenance costs For the complete report: http://bit.ly/Lbvico. FERF is the nonprofit 501(c)(3) research affiliate of Financial Executives International (FEI). Intacct is a cloud financial management company. More information: www.ferf.org www.intacct.com ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]