The aim of the thesis is to look at the Cloud and Cloud based technologies and transformation projects to the Cloud from financing point of view; can financing be of aid in terms of making Working Capital more effective and how. The theoretical background is gathered from publications and research papers in the financial industry. The research was executed by interviewing industry experts. The people interviewed work for in the IT- field in manager positions for sales and in finance and also in the finance sector as managers and in sales. The people were chosen to get a broad view not only in finance but also from the organisation whose end customers use or would possibly benefit from financing.

The results show that the key people interviewed see financing as positive component when transforming to the cloud. Financing was seen as a strategic tool and as a value adding component to organizations. Financing was also seen as an instrument that helps to move from Capex to Opex and helps the end customers in adopting new technology faster while balancing budget and also making Working Capital Management more effective.

The idea could be further developed from technology and risk point of view, how the field of changing technologies and projects that are becoming mainstream are changing the financing companies view and capabilities in financing.