Utility and grid computing solutions firm, 3Tera recently hosted a presentation concerning the Impact of SaaS on Financial Applications.

3Tera's chairman Barry X Lynn, joined other industry leaders, in a panel discussion on delivering financial applications as SaaS. Wall Street Show and Conference is the premier conference for Web Services, SOA, Web 2.0 and Software as a Service (SaaS) sectors.

The panel discussion entitled ''Delivering Financial Applications as SaaS ''Making IT Work!'' took place at the Roosevelt Hotel in New York City, New York. William Adiletta, President, TekFinancial Solutions, moderated the panel. Joining Mr. Lynn on the panel was Jim Richmann, Principal Architect, Digital Enterprise Group, Intel, and Raju Vegesna, Evangelist, Zoho.

The panel session examined how deploying critical business applications 'in the cloud'- whether that be inside or outside the corporate firewall is being viewed as a promising architecture by both vendors and users of financial applications. But enterprise-readiness of these SaaS applications requires issues such as security, scalability, data integration and offline/online synchronization to be resolved.