The Role of Cloud Computing in Improving Production Costs and the Speed of Financial Reports: A Case Study of Iraq Steel Karbala
DOI:
https://doi.org/10.56286/wmq0xe68Keywords:
cloud computing , production costs , financial reportsAbstract
The study aims to study the impact of cloud computing on production costs and the speed of financial reporting, by analyzing its role in reducing operational costs and improving financial and administrative performance of organizations. It also seeks to evaluate the effectiveness of this technology in enhancing the accuracy of financial data, supporting strategic decision-making, and achieving cybersecurity, in addition to exploring its flexibility in enabling organizations to adapt to economic and market changes.the study problem is what is the role of cloud computing in improving production costs and the speed of preparing financial reports, and what is the extent of its impact on the efficiency of financial operations within the organization.the study demonstrated that cloud computing helps organizations reduce expenses related to information technology infrastructure. the study also demonstrated that the use of cloud computing enables organizations to prepare financial reports more accurately and in less time. the study concluded that the use of cloud computing helped reduce operational costs by reducing the need to maintain traditional infrastructure and improving energy efficiency. It also helped achieve operational stability, reducing the impact of technical outages on production, and enabled the organization to prepare reports more accurately and in less time.