Whilst the pros and cons of cloud computing may be regularly debated by the IT team, many FDs and CFOs are still afraid to take the plunge despite being familiar with the clear benefits that cloud computing can offer.

Cloud computing brings with it many advantages to the end user and the demand is growing globally for hosted solutions as many businesses look to procure these throughout their businesses. So why not do the same when it comes to asset management?

If businesses take the option to manage their asset register on a hosted solution the software can be fully functional within a few working days, meeting the corporate demands for improved fixed asset management and automated asset tracking and using handheld mobile PDAs to record asset history and location.

A hosted solution also ensures automatic upgrades so the software is always up to date. This is a key consideration for compliance requirements, particularly in relation to the IFRS and SORP regulations affecting UK organisations. What’s more, all upgrades can be achieved without any disruption or impact on user productivity.

Whilst we do understand the hesitations of a large proportion of risk-opposed FDs in moving their asset register to a hosted model, the benefits on offer should be well considered.

After all, life is better with your head in the clouds!