7 Reasons to Shift Your Accounting & ERP Systems to the Cloud
The management of financial and accounting records in an organization has largely been restricted to its in-house IT infrastructure. Unfortunately, issues like inadequate security, inflexibility of software and pricey infrastructure investment have made it quite a task for IT departments to efficiently manage these records.
But as the cloud computing market blossoms, we have seen a massive influx of flexible cloud-based software to make a strong case for organizations to shift their accounting or ERP system to these ingenious new platforms.
Let us examine 7 key reasons for you to consider this transition:
- Efficient Investment Models
The pay-for-usage model embraced by cloud companies helps trim a company’s capital expenses, which allows them to invest more in productivity-enhancing operational expenses.
- Low IT Staff Investment
The management of on-premise accounting and ERP systems is dependent on regular hardware and server upgrades and a skilled team of IT professionals to oversee their proper functionality. On the other hand, cloud solutions completely slash all infrastructure maintenance costs and offer service upgrades included within your contract.
- Customized Security Services
Cloud vendors provide a plethora of industry-specific encryption, authentication and compliance protocols that ensure an additional blanket of security for sensitive data like your company transactions and payroll records.
- Provision of Service Level Agreements
Unlike some company IT departments, cloud providers understand the necessity of uptime for your business and are oftentimes willing to sign service level agreements that guarantee to meet with your uptime expectations; and can automatically switch to alternative data centers in case there is an operational failure at the primary one.
- Taking the Hybrid Route
The hybrid cloud model is a fantastic option for companies that want to retain flexibility in the management of business processes and form an integrated platform with their on-premise system, rather than undergo a full migration to the cloud.
- 24/7 Support
Spontaneous resolutions of technical issues by your IT helpdesk is a rarity in this day and age. Similar to Rand Group’s Business Advantage Support, some cloud providers offer a solid and pervasive 24/7 monitoring support experience that ensures that any technical issues are dealt with swiftly, preventing a slowdown in business productivity.
- Consolidation with a Single Vendor
Most cloud vendors only sell a specialized software or business application. However, companies like Microsoft do provide a multitude of cloud-based options for your accounting, CRM and ERP needs. This makes integration of your workflow much easier, and offers a lucrative opportunity for you to consolidate your services with one dependable vendor, which facilitates the licensing process as well.
– Software Delivered as Promised. No Surprises.