Abstract:
The article goes on to say that cloud solutions can help people understand data, such as loans and
donations, and make it less likely that principals and agents will argue. To do this, they use new ideas
from accounting, like information asymmetry and agency theory. These are the most important things:
How to make money: Operational expenses (OPEX) are lower than capital expenditures (CAPEX)
when it comes to IT equipment, maintenance, and hiring IT professionals
Ideas: The report indicates that Grameen Bank should move to the cloud in stages and employ a mix
of public and private clouds. The main goal of this strategy is to set up a private cloud ERP system to
manage its main microloan portfolio. Grameen Bank's use of cloud-based accounting software is more
than just an upgrade; it's a strategic technological innovation that will help the bank's financial stability.
