The Role of Cloud Computing in Enhancing Financial Performance and Improving the Quality of Financial Reporting: An Applied Study on Financial Institutions

Abstract

This study aimed to investigate the role of cloud computing in improving financial management efficiency and enhancing the quality of financial reporting within organizations. The research adopted a descriptive-analytical approach and was applied to a random sample of (200) participants from employees working in financial and information technology departments across several institutions. The findings revealed a high level of adoption of cloud computing applications, particularly in data storage and processing. Furthermore, the results demonstrated a statistically significant positive relationship between the use of cloud computing and financial performance efficiency, as well as improvements in the speed and accuracy of financial reporting. The study recommended promoting the adoption of cloud technologies and providing the necessary infrastructure and training for employees, given their significant role in enhancing organizational performance and supporting financial decision-making.