Senior finance executives know in their gut that cloud investments will be part of the future. Here are seven questions frequently asked by our CFO clients, some applying to cloud investments anywhere in the enterprise, some dealing specifically with Finance as a potential cloud user. These questions are relevant for any CFO in business today. https://deloi.tt/2FxRq7n

1. Now or later
Our CIO wants to move to the cloud. Should
we do it now or wait until things settle down?
1
The cloud value proposition
Is cloud mostly about cost savings or
are there other advantages? How can
we realize sustainable savings?
2
Accounting treatments
I’m having a hard time getting my
head around the accounting and
tax implications of moving to the
cloud. What are others doing?
3
Contracting
What cloud-specific issues
should we be thinking about?
4
Security and risk
I’ve heard the risks associated with
cloud aren’t better or worse—
they’re simply different. How so?
5
Talent model
What skills are needed
to run a cloud-first
organization? How are
they different from
what we have now?
6
Finance opportunities
We’re looking at a new core
finance platform. Are cloud
versions of ERP software
ready for prime time for a
company like ours? What else
should we be thinking about?
7
As a senior finance executive,
you know in your gut that cloud
investments will be part of the future.
Here are seven questions frequently
asked by our CFO clients, some applying
to cloud investments anywhere in the
enterprise, some dealing specifically
with Finance as a potential cloud
user. These questions are relevant
for any CFO in business today.
7 frequently
asked questions
about cloud
by CFOs
Explore the answers in The CFO guide to cloud: www.Deloitte.com/us/cfo-cloud

2. Copyright © 2019 Deloitte Development LLC. All rights reserved.
Assessment of
cloud options16%
In process of
implementing
cloud technologies19%
Cloud technologies in
place and functioning22%
Looking for
recommendations 8%
Don’t know/NA/
No response 35% Within 6 months28%
Within 6–12 months15%
1–2 years15%
Beyond 2 years 5%
Don’t know/NA/
No response 32%
No plans 6%
18%
31%
45% 7%
Not critical
Critical
Highly critical
Don’t know/NA/No response
31%
32%
Combination of some or all of these
Don’t know/NA/No response
3%
Other
21%
Information technology
6%
Finance data owners
6%
Consulting firms
2%
External auditors
Moving from on-prem to cloud
Why now is the time for Finance—Poll results
In late fall 2018, nearly 3,000 finance and business leaders tuned in for a Finance Executive Dbriefs webcast, “Moving from on-prem
to cloud: Why now is the time for Finance,” during which the audience was polled about the topic. Here is what they had to say.*
When do you anticipate your finance organization making
first-time or additional investments in cloud technology?
Who do you currently go to when looking at investments in
cloud opportunities?
Where is your finance organization on its journey to cloud
adoption?
How critical do you perceive cloud technology being to the
performance of your finance organization two years from now?
Votes received: 2,388
Votes received: 2,529
Votes received: 1,994
Votes received: 2,507
*Responses may not total 100% due to rounding