HP to educate CFOs about cloud

BANGALORE, INDIA: HP on Monday announced a series of educational customer roundtable sessions that specifically cater to Chief Financial Officers (CFOs) and are designed to help with the increasing challenges they face in their evolving roles.

The roundtable session will 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 first of the CFO roundtable series will be led by Cathie Lesjak, executive vice president and chief financial officer for HP, in Singapore on 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.

“Cloud can be complex without a clear defined path for adoption,” said Dominic Calandra, financial controller at Frontline Systems.

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“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,” he added.

According to Irv Rothman, president and chief executive officer, HP Financial Services, “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.”