To: Mark Roy
Subject: Update on a new Trend on Cloud Based technology
Dear Mark,
Hope you are doing fine. In the last email, I have leant that you are doing fine. I must admit that I was kind of relieved it. Today I want to one of the current trend in cash flow management is that cloud computing technology.
While cloud computing has been caught up in most of the industries globally still organisation are very much hesitant in order to get board when it comes this cloud based financial management of the application. Security as well as privacy where one of the biggest concern however as always there are also many which is reliable vendors and this have therefore proven all the competence in the field (Hurwitz, & Kirsch, 2020). Cloud finance therefore one of the latest cash flow management trends which have actually taken by 2017 by this storm and there are many of the large corporations which have on-going replacement of the legacy software with all the cloud based SaaS which is the financial solution in the case. The software is very much easier to use however there are also other tertiary benefit like the ability and the capability to generate daily dashboard ideas which can have the access to get all the important information. The notion of this computing dates in the1960s however one must believe that this was “cloud computing” .
However in the year 2018 it had on-going picking up. Therefore the finance subdivision can also effortlessly share all the resources as well as workflows while there is streamlining of the process of billing in order to get the better functionality in this. Some of the welfares would contain the ability and the capability to automate most of the usually used monetary and business process (Griffith,2016). There is also increased statistics, security as well as correctness in this matter. There is also the aptitude in order to streamline all the entire process of endorsement. Another most important thing in this matter is that there should always be some kind of access for the better collaboration in this matter of time. Lastly it has also increased better visibility, overall agility, flexibility as well as cash flow in this management.
This is very much important because cloud computing services and this helps in the promotion of the company which will further getting the best in all the possibility technology platforms which is therefore in building all the solution. This have helped in order to avoid all the ongoing compatibility as well as performance issue which is being outdated in all of the physical structure. Cloud based management software can actually support this in the changed in this approach in the management of the cash flow. Therefore setting the periodic budget, substitution of the actual figures can be used in all the management of the accounts which is month by month basis and this is for the production of the cash flow forecast and this is for the always out of date and this is incomplete and this have started in the underestimation.
Thanks
Jenny
References
Griffith, E. (2016). What is cloud computing. Retrieved from PC Mag: http://au. pcmag. com/networking-communications-software-products/29902/feature/what-is-cloud-computing.
Hurwitz, J. S., & Kirsch, D. (2020). Cloud computing for dummies. John Wiley & Sons.
