Committing to the ERP Cloud Part 1: You’re Wasting Money
 
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Greg Montique, Alta Vista Technology

Committing to the ERP Cloud Part 1: You’re Wasting Money


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Cloud computing is taking over the world. It makes life easier, faster, more secure, and less expensive. Still, some people are uncomfortable with the new systems or simply don’t know enough about them to think about switching. In this 4-part blog series, I want to touch on a few points that may make you more comfortable in switching to a cloud ERP platform and a SaaS model. I wanted to start with the exorbitant amount of money you are most likely spending on your current on-prem solution and cloud accounting costs.

See, you never really realize how much money you are spending when you do it repeatedly because you think you need to. Go through your financials and look at what you spent on Hardware upgrades and installs in the past few years. Now, look at what you pay for IT support for your system. How much do you generally pay when there is an update that needs to be installed? It all adds up quickly.

Hard dollars are not the only thing affected and soft dollars are rarely considered. Your time is one of your most valuable resources. Time is money. When an on-premise system goes down it can be a nightmare. No one has access to the information and you must wait until IT can come out to get you up and running again. You are sitting ducks getting paid to do nothing. Well getting paid to do nothing sounds great to an employee, it isn’t so great for business.

Below is what we call the Iceberg Analogy. It does a pretty good job of explaining the cost distribution for an on-premise vs. cloud solution, namely Sage Intacct.

Seeing it broken down really shows how the number of upgrades, maintenance, and man hours drastically decreases saving you money along the way just by making the switch.

Feel free to download our Iceberg Analogy – On-Prem vs. Cloud Expense pdf and give us a call at 248-733-4504 or fill out our contact form if you have any questions or would like more examples. Next week I will post part 2 of the series so stay tuned and subscribe to the blog for updates!

By: Alta Vista Technology – Michigan's Premier Sage Intacct Partner
Content originally posted here!

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