Cloud computing refers to the use of IT resources via the internet instead of storing them locally on one’s own device (“on-premise”). This involves the use of software and data storage services provided by external providers and usually billed on demand. Cloud computing is an important part of the modern IT infrastructure and provides companies with the flexibility and scalability to effectively meet their business needs. An example of how cloud solutions can be used cost-efficiently and easily is shown by our financial solution CIO COCKPIT, which allows our customers to handle their financial management completely location-independent and decentralised.