When you decide to implement an ERP (enterprise resource planning) solution, you can choose on-site or in the cloud. In most cases, the best choice for you is dependent on the structure of your organization and your overall business strategy.
For business owners who determine that a cloud solution is best for their needs, there is one option that stands out from the crowd – Sage Intacct. Keep reading to learn about the features and benefits offered by this solution here.
Understanding what it offers and how it may benefit your business will help you figure out if this solution is right for you.
Improved Business Intelligence
When you implement cloud technology, it allows your organization and people to access data remotely. All of this is possible without any complicated technical configuration or a robust IT staff.
In the past several years, the total number of organizations that have deployed business intelligence (BI) in the cloud has more than doubled.
The adoption of cloud BI is particularly prevalent in the sales and marketing departments. This is because it is these departments that are reliant on real-time data to improve and understand their customer’s journey.
When it comes to data storage and data access, cloud solutions have several benefits over on-premise solutions, too. For example, the cloud technology offered by Sage Intacct is more scalable to store more significant amounts of data and provide access to data that is gathered using IoT technology.
If you conduct a generic search for cloud ERP systems, you will likely find several “top ERP solutions.” These lists are usually based on how much development and research vendors are investing in the products. The most innovative ERP vendors (like Sage Intacct and Acumatica) have made significant investments in cloud BI.
Another huge benefit of choosing a cloud solution is that the implementation is more streamlined than the on-premise ERP systems. The actual technical environment for cloud technology can be configured in just 24 hours (in some cases).
This provides your organization with the ability to focus more on the business side of transformation. Business process management, configuration, training and change management require the same resources and time when you are implementing on-premise or cloud ERP.
Refocus on Your Organization’s Core Competencies
If you are in charge of a business or organization without proper IT staffing, then chances are implementing this technology is not considered a core competency.
With cloud technology, you can outsource your IT function and refocus on your core business. For example, most construction companies will likely dedicate more focus on the overall customer experience and project management than just IT maintenance.
Improved Cost Savings
The initial cost that you must pay for cloud technology is much lower than typical on-premise technology. Even though the subscription costs may start to add up as time passes, most CFOs are more focused on reducing capital expenditures than reducing total operating costs.
It is these CFOs that are choosing a multi-tenant cloud, such as Sage Intacct, to help reduce their long-term costs. For smaller businesses and organizations, the long-term costs related to a cloud ERP are usually less expensive than the on-site option. In most cases, the fixed infrastructure costs related to on-premise solutions cannot be spread through sufficient volume to justify the price you pay.
Cloud technology is considered easier and more modern to use than any on-premise software. This means that your employees will be quicker to embrace the new options.
This does not mean that organizations do not need a communications plan or end-user training. What this means is that you may not experience as much resistance. Many organizational cultures are much more accepting of the cloud solutions than others.
With any technology initiative that you implement, you need to ensure you are communicating with your employees regarding all the benefits offered by new technology. Make it clear how it will make their jobs easier.
For example, do you plan to implement process automation along with cloud technology? If so, focus on how automation will streamline the more menial tasks and allow employees to work more efficiently.
Stronger Data Security
To avoid any security breaches, many organizations are turning to cloud ERP as a cloud vendor because they have more secure hosting environments. CIOs are always diligent about vetting security, but they realize the vigilance of cloud ERP vendors when it comes to security because the stakes are so high.
In addition, ERP vendors have teams that are dedicated to security and critical infrastructure. They spend an incredible amount of time, staff, and resources ensuring your data is safe and secure.
Investing in Sage Intacct Solutions: It’s Worth It
If you are trying to find cloud solutions that will provide you with the answers you want and need for your construction business, then Sage Intacct is a smart and viable solution.
If you would like to learn more about the construction productivity solutions we offer, get in touch with our experts today.