In today’s highly competitive business environment, cloud computing offers significant advantages for many companies, but it also presents substantial risks and challenges. Both operational and financial risks can deter businesses from adopting cloud-based systems, and in some cases, these risks may even threaten the survival of the firm. The financial concerns include unexpected costs, reliance on third-party providers, and difficulties in predicting long-term expenses, which can make cloud adoption a risky venture for some organizations. This research aims to systematically identify the financial risks and challenges associated with cloud computing through a Systematic Literature Review (SLR). By analyzing existing studies, the study will uncover the most common financial difficulties faced by firms and propose several solutions to address these issues. To validate the proposed remedies, a cost-benefit analysis will be conducted, ensuring that the solutions are practical and financially viable for businesses considering cloud adoption. This study seeks to provide firms with a clearer understanding of the financial risks involved in cloud computing and offer strategies to mitigate these challenges, making cloud integration a more secure and manageable option for businesses in a competitive market.