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8 Financial Benefits to Cloud Computing

December 20, 2016

Ongoing pressures and fiscal uncertainties continue to weigh on districts. The good news is that cloud computing has come of age, and is providing CFOs with access to computing resources and capabilities that were once out of reach. More districts are determining that cloud-based services can provide powerful and capable solutions while decreasing capital outlays and operational costs.

8 Financial Benefits to Cloud Computing

  1. Cloud computing reduces the costs of operating a school district by eliminating the need to purchase expensive data center equipment and hire IT specialists.
  2. Cost savings due to cloud-based solutions that leverage existing information technology, operating systems and storage devices.
  3. Users have unlimited storage space, saving the district on performing upgrades on computers or external drives that often hold large blocks of information.
  4. Software associated with a cloud server is automatically updated without having to worry about getting IT involved
  5. The cost-effectiveness of disaster recovery facilitated by cloud computing, as well as accelerated recovery times, makes cloud data management a mandatory aspect of any district’s success.
  6. Access to information stored in the cloud is available anywhere as long as an internet connection exists.
  7. Using cloud services provides administrators with the ability to look at financials from home to complete planning and review.
  8. District CFOs do not have to worry about malware infecting computers or losing files due to destructive viruses.

As the pace and complexity of district finances continue to increase, so too does the expectation that CFOs contribute to their districts’ strategic decisions rather than only report on results from the past. Cloud based technology helps enable districts not only to disseminate financial information more efficiently but also provide insights to guide their plans for the future.

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