Revolutionizing Finance: The Transformative Impact of Cloud Computing in Finance Shared Service Center (FSSC)

In recent years, the Finance Shared Service Center (FSSC) concept has surged in popularity because it offers organizations the potential to reduce costs, elevate quality, foster innovation, and enhance performance across diverse finance functions. However, traditional data centers may struggle to meet FSSC demands due to the constraints in computing power, storage capacity, and network capabilities. This study explores the use of cloud computing to enhance scalability, agility, cost-efficiency, and web application availability for FSSC. Although cloud computing offers substantial benefits, FSSC must remain cautious about potential challenges like organizational commitment and vendor lock-in. Additionally, the emergence of artificial intelligence (AI) has the potential to redefine the landscape of cloud computing. Hence, future research should investigate how edge intelligence (EI), the artificial intelligence of things (AIoT), and tiny machine learning (tinyML) might impact FSSC in the context of cloud computing. Similarly, it is worth exploring the potential benefits that cloud services like Machine Learning as a Service (MLaaS) and Artificial Intelligence as a Service (AIaaS) can bring to FSSC.