Cloud software and Software as a Service (SaaS) options are officially sitting at the popular table, how well do you know these recently crowned heavy hitters?
We at Admiral Consulting Group can understand if they are somewhat confusing as customers. This development in the evolution of Business Intelligence (BI) software arrived and established itself rapidly, and while you might get Cloud computing on paper, it might be confusing in practice. When it comes to data management, security, cost, and access, questions can multiply quickly, and there can be a panic that sets in as a large percentage of us are going to eventually have to move toward the Cloud to meet some of our software needs – or all of it. Luckily, there are plenty of powerful BI offerings for Microsoft Dynamics customers, and you might as well get a head start on understanding your options. This article will discuss the important aspects of Cloud and SaaS choices on the market today and explore the BI solutions for your accounting system.
Let’s start with why data management and analysis in the cloud has become so popular. Because Cloud computing does not demand that you install the product on-premises you are not responsible for any installation. The vendor is charged with you receiving high quality, fast software performance, which means that an IT department does not have your BI software on their long list of things to do, sometimes prioritizing other things ahead of your issues. Furthermore, Cloud technology evaluates when your peak performance times are and adjusts to accommodate your traffic. One thing that has made headlines in the past has been the security of company data in the Cloud, but BI options have responded to those concerns with ultra-modern, powerful security measures. One other element that has been debated consistently has been the SaaS costs.
The cost comparison for on-premises versus SaaS can be found all over the internet, and you will find that proponents of both options continue to argue that the other is more expensive, especially in the long run. When it comes to a return on your investment, Cloud software vendors will assert that hidden costs associated with on-premises options with support, training, consulting, licensing, and hardware, as well as updates and upgrades, will ensure that you spend more money owning your software outright. On-premises software vendors will point to the never-ending Cloud SaaS monthly costs, and they will argue that within 3-5 years, your on-site solution will have paid for itself.
We recommend that you do the calculations yourself by rounding up all the details regarding “hidden” or additional costs that you will have to pay for with both solutions and then, pull out the calculator for 3-5 years of use. You will have to remember that SaaS pricing is more like your rent, and on-premises is buying the house in cash. Cloud options are hosted, so they stage your data without any IT responsibility on your part, keeping you up and running. One more thing that we at Admiral Consulting Group know that customers commonly confusing is the difference between Cloud computing and SaaS.
To continue learning more about what you need to know about and look for in Cloud BI options….