Top 10 Cloud Myths Debunked

The adoption of cloud computing is increasing – more than 50 percent of U.S. companies have elected to take advantage of one or more cloud-based solutions or services. It is a compelling and appealing way to acquire IT capabilities while reducing costs. For core financial processes such as accounting and budgeting, the cloud offers new and innovative ways of working that are more economical and operationally practical than the traditional on-premise deployment of these software applications.

Cloud computing enables a fundamental paradigm shift in how businesses deploy and deliver computing services. To appreciate the true value of the cloud, it is important to fully understand some of the myths surrounding its adoption.

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