DefinePK

Abstract

This review paper explores the complexities of financial management in multi-cloud environments, emphasizing the need for streamlined budgeting and forecasting processes. It begins by addressing the challenges inherent in managing finances across multiple cloud platforms, such as integration difficulties, data silos, and cost management issues. The paper then provides an overview of dynamic financial models, detailing their components and benefits in overcoming these challenges. It highlights the role of automation, real-time data utilization, and predictive analytics in enhancing financial accuracy and efficiency. Furthermore, the paper discusses the importance of collaborative platforms in fostering stakeholder communication and coordination. Finally, strategic planning, best practices for multi-cloud financial management, and emerging trends and prospects are outlined. The review underscores the significance of aligning financial models with organizational goals and leveraging advanced technologies to achieve optimal financial outcomes in multi-cloud settings.
Keywords: Multi-Cloud Financial Management, Budgeting and Forecasting, Dynamic Financial Models, Automation in Finance, Predictive Analytics.