Cloud computing helps financial departments in more ways than one

Cloud computing has evolved to the point where businesses not leveraging the technology may find themselves struggling to keep up with rival firms and max out on efficiency. Cloud-based CRM and cloud-based ERP are just some of the deployments that can help companies improve operations.

ERP Cloud News’ Lisa Steinhart recently explained how cloud computing can benefit online sales. The writer noted that the technology can connect customers to point-of-sale channels, ERP or ecommerce departments.

Rather than spend weeks integrating systems, the cloud affords businesses the ability to launch solutions in only minutes. As a result, firms are more productive and avoid costly downtime, according to Steinhart.

Scalability is often named as one of the most beneficial aspects of the cloud. The writer explained that this trait allows systems to expand as companies grow, allowing different locations to share important information. The goal, according to Steinhart, is to have every department leveraging the same real-time data so better decisions can be made throughout the firm.

The advantages of cloud computing don’t end there. Steinhart noted that the hosted environment is flexible, allowing firms to track customer history easily and communicate with all locations.

Saugatuck Lens360 blogger Bill McNee recently highlighted how cloud-based ERP and CRM have evolved in recent years. To this point, the applications have experienced slow adoption rates because some firms are addressing security concerns and learning curves with the technology. However, this will change moving forward as the demand for financial apps takes off.

The writer also noted that NetSuite is a popular option for cloud-based ERP. One of Saugatuck’s clients is expected to migrate its entire on-site infrastructure to the platform within three years.