Accounting for the cloud

InsightsAccountingfortheCloudfinal

Summary

Cloud computing is revolutionising the way that IT services are provided across government, healthcare and the broader public services and promises to reduce costs and increase flexibility. This Insight considers the finance team’s role in transitioning to the cloud.

Format

PDF

Published

Mar 2017

Author

CIPFA

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Accounting for the cloud is about more than simply recording financial transactions and to support their organisations finance teams will want to understand more about this disruptive technology. 

Cloud computing is revolutionising the way that IT services are provided across government, healthcare and the broader public services and promises to reduce costs and increase flexibility. 
Cloud computing can create challenges for finance teams in terms of understanding the opportunities and playing their full part in developing the business case, financing, procuring and getting the best from suppliers. 

This Insight signposts some of the opportunities, challenges and developing good practices from a financial perspective to encourage and support finance teams as their organisations begin to exploit more fully the power of cloud technologies. It explores why the ‘cloud’ is different, the finance role in developing the business case and how to get the best from suppliers.