10 Reasons to Implement Cloud Based Software
By: Kaeli Davis - Account Executive Director
Published: November 5, 2020
It probably doesn’t come as a surprise that many businesses and key industry leaders have already made the switch from on-premise to cloud based software. The benefits are vast and will without a doubt evolve how you productively and proactively run your business. Let’s take a look at some of the top reasons to implement cloud-based software.
1. Cost Effective
You’re going to save money in the long run when adopting a cloud-based solution. There’s less IT labor required, zero servers to purchase, and if your company is moving towards a remote work environment, it will significantly reduce operational costs. Additionally, Cloud services provide a pay as you go structure based on your usage, which is incredibly appealing. There’s no initial cost for set as you’re renting the services based on your company’s needs.
If you need to upgrade or downgrade your cloud server, there is no need for a strenuous IT infrastructure update. The cloud server can meet those demands instantly. Furthermore, there’s no need to maintain a vast system of hardware and personnel for times when you have peak traffic. You can leverage the CPU cycles and storage based on when peak season hits and the need is required. And during other times, only pay for what you are utilizing.
3. Disaster Recovery/Loss Prevention
Disaster is inevitable. You can’t control these hardships from happening, but you can control the way they’re fixed. Cloud servers are highly secure, but what happens when there’s an internal issue? An employee’s careless mistake? Cloud-based servers administer fast and speedy data recovery through automatic audits and organized intelligence.
As we’ve learned through the life-changing events taking place in 2020, a lot of companies have made the decision to move towards a remote work environment. The need for your team to access essential data from anywhere in the world is at an all-time high. With a cloud-based server, your team will be able to obtain all the tools and applications they need wherever internet service is available. And of course, there’s the huge plus of saving money where office rent was once owed.
5. Sustainability/Less Carbon Footprint
Migrating towards a cloud-based server will reduce energy use and carbon emissions. On premise data systems require massive amounts of electricity and cooling to avoid overheating. When the hardware’s life ends, it simply adds to e-waste. Also cloud data centers can be accessed virtually anywhere so we can lessen carbon emissions with less car commutes.
6. Workplace Productivity
By giving your employees the ability to work from anywhere outside of the office, you are allowing them a chance to lessen the stresses brought on by work/life balance. Less stress allows for an increase in morale and productivity. Cloud computing yields a sense of ownership amongst employees. A strong culture and collaborative approach will allow productivity to skyrocket in the workplace.
7. Always Up to Date
Cloud service providers automatically and continually update their software to improve their user experience in an ever-changing market. This means less time and work spent on the IT end updating server applications. You will benefit from the ongoing upgrades without dealing with the technicalities yourself.
8. Less Focus on IT Infrastructure
Cloud systems will handle the entirety of your IT needs while you focus on the other areas of concern in your business. There won’t be a need to hire a tech support team to troubleshoot and fix server issues, saving you expenses and valuable time.
With accessibility anywhere with an internet connection, you can edit and share files amongst your team virtually around the world. The easy remote access allows for a collaborative teamwork-based approach. There is also no time zone restraints or physical boundaries amongst colleagues.
How do you trust that your precious and valued data is securely protected on a cloud-based software? All data is stored on an advanced level of security. With internal firewalls, next level encryption, redundancy, 24 monitoring, and application containers for each company with their own individual network pipeline. To add an additional layer of security, you can add specific IP address paths so that anyone outside your VPN or IP address are not able to access the cloud services.
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We offer Autonomous Systems for EPM Cloud Applications such as Oracle Planning & Budgeting Cloud Service (PBCS/EPBCS), Financial Close & Consolidations Cloud Service (FCCS), Enterprise Data Management Cloud Services (EDMCS), Account Reconciliation Cloud Service (ARCS), Profitability & Cost Management (PCM) and more.