5 Ways Your Company Is Missing Out by Not Moving to the Cloud
If your company is operating on an on-premises version of Microsoft NAV or GP, you might be missing out. Here’s how.
If you are currently operating an on-premises solution such as Microsoft NAV or Microsoft GP, you might be missing out on business benefits that the cloud can offer. From gaining a competitive advantage to lowering your costs, here are the top 5 benefits you may be missing out on by not moving to the cloud.
The cloud helps improve security and compliance
If you are using an on-premises system, your company might be at a higher risk for data security breaches and non-compliance than cloud solutions. With a cloud ERP, the responsibility for data security and compliance does not fall only to your company but is shared with the software provider. This means you have access to enterprise-level cloud security tools and innovation that you wouldn’t get on-premises.
For instance, Microsoft invests over $1 billion each year on data security to gain unique intelligence on the current threat landscape to protect its customers from the latest security threats. They analyze data from more than 300 billion user authentications per month, 1 billion Windows devices, and 200 billion emails (for spam and malware). Most companies cannot match this level of cloud security resources in-house. Finally, cloud platform compliance with industry standards helps lighten your compliance burden.
The cloud helps you reduce costs
The cloud helps you deliver a more cost-effective solution than on-premises, as it eliminates hardware costs, reduces administration costs, and retires third-party products. According to a Forrester Total Economic Impact (TEI) report, it shows that organizations that moved to the cloud:
Reduced TCO by 10.25%.
Experienced an estimated 40% administration savings from eliminating software updates, storage allocation, server backups, and restores.
Reduced deployment costs by an estimated 30-50% versus on-premises.
Saw additional savings on hardware, storage, and disaster recovery costs
The cloud improves collaboration and innovation
If you remain on-premises, you may be missing out on solutions that enhance collaboration, spark innovation, and drive cultural change. With the cloud, it is simpler to drive digital transformation. Your teams collaborate better together because they can easily access, edit, and share documents and essential business information, from anywhere, through any device, whether at home, in the office, or on the go. Cloud solutions also offer more advanced functionality, such as AI capabilities, machine learning, and forecasting, to help transform your business and give you a competitive edge.
The cloud simplifies IT management
When you have an on-premises solution, most IT resources go towards managing hardware and other time-intensive maintenance tasks. By moving to the cloud, you can redeploy your IT resources to higher-value activities.
Forrester estimates that moving to the cloud is 30% to 50% less expensive than upgrading servers on-premises and reduces admin costs by 40%. With the cloud, you will be able to eliminate most of your upgrade efforts as your solution is always up to date and updates are managed by the provider. You’ll also be able to reduce hardware management and other admin tasks.
The cloud future-proofs your business and keeps it agile
With on-premises solutions, you may find you cannot stay current and agile. Plus, if you are on an older, unsupported system, you may also be risking non-compliance with some regulations. With the cloud, you can scale easily, roll out new capabilities quickly and respond to market changes and trends much faster. Cloud ERP helps you:
Provide your teams with the latest capabilities for productivity and mobility
Gives your employees an all-in-one solution with a suite of tools, instead of making them switch from one point solution to another
Empowers teams by using data to drive insights and decision making
Is It Time to Move to the Cloud?
So how do you know your business is ready for cloud migration? If you’re facing these common business challenges, it might indicate that it’s time to start evaluating cloud migration:
Your business is rapidly growing
Your employees are rarely in the office, working remotely, or on-the-go
Your budget is tight, and you need to manage costs
Most of your IT resources are focused on core business processes – and nothing else
You’re worried about IT security and disaster recovery
Your systems are starting to feel outdated
Your support is minimal
Moving to the cloud will transform your organization. Contact the Kwixand Solutions team to learn more about Microsoft’s cloud solutions and whether a migration to a cloud ERP is right for your business.
About Kwixand Solutions
We're a Silver Microsoft Dynamics 365 Partner based in Vancouver, Canada, and we do digital transformation a little differently than our peers. For us, successful digital transformation is much more than just implementing an ERP or CRM solution. It's about helping businesses achieve their goals and maximizing their ROI, and ensuring they are set up for continued success. Get in touch today to learn how we can help your organization digitally transform.
Article source: Microsoft, "Top 5 Benefits of Moving to the Cloud Now". Get the PDF here.