HP assists CFOs manage Cloud

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

HP assists CFOs manage Cloud

HP has announced a series of educational customer roundtable sessions that are believed to specifically cater to Chief Financial Officers and are designed to help with the increasing challenges they face in their evolving roles.

Business realities and market trends such as cloud computing are redefining the traditional roles of today's C-Suite. Nowhere is this more apparent than with the CFO whose role needs to understand the financial underpinnings of new technology delivery models. Research jointly conducted by CFO Research Services and HP Financial Services shows that CFOs understand the potential business benefits cloud offers, but remain unclear as to how to turn the potential of cloud into a reality.

Dominic Calandra, Financial Controller, Frontline Systems, said, "Cloud can be complex without a clearly defined path for adoption. As I work with my CIO and other key business leaders, understanding the influence it has on strategic financial decisions is becoming imperative. The industry has successfully articulated the technical benefits and risk associated with cloud, but little attention has been given to it from a financial perspective."

The first of the CFO roundtable series will be led by Cathie Lesjak, Executive Vice-President & Chief Financial Officer for HP, in Singapore, March 8, 2012. Supported by HP Financial Services, the company's leasing and lifecycle asset management subsidiary, the roundtable sessions provide CFOs an opportunity to learn about cloud and other transformative technologies in the financial language they are accustomed to.

Irv Rothman, President & CEO, HP Financial Services, said, "Today's finance professionals are deciding when and where to invest in technology. For CFOs dealing with multifaceted issues such as cloud computing that have a widespread impact on the enterprise, determining the right strategy can be complex at best. HP is committed to helping CFOs on every step of their decision journey."

The roundtable session is said to provide CFOs with an opportunity to better understand the implications of cloud and how it can be leveraged to turn their business into an Instant On Enterprise. The CFO Roundtables are another step to HP Financial Services commitment to helping clients on their journey to the cloud which also includes HP's programme to provide up to US$2 billion in financing for cloud projects.


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