It would seem logical that you would own your ERP data. After all, it is your data. But as companies turn to cloud ERP vendors, it becomes clear to them that in most cases the vendor, not the company, owns the data.
Here, we will discuss why this happens, the consequences it can bring, and how Acumatica ensures your complete ERP data ownership from beginning to end.
The Fine Print
Since the data you put into your ERP system is your data, it’s easy to assume that you would own it. But this is where the fine print has to be read because often that’s not the case.
A vendor’s end-user license agreement (EULA) gives you the right to use their software. However, it usually doesn’t ensure that you own the ERP data. In fact, it does the opposite. Because the software vendor owns the license, they also own the data entered into the software- your data. This means vendors can access, read, and even share your private data.
Potential Consequences of Lacking Data Ownership
In addition to the lack of privacy, this issue presents other challenges. For example, if you don’t own your data, it could become difficult to access it. And as a business owner, you know that quick access to company information is essential to business decisions.
An even greater challenge can occur if you decide to change vendors. Not wanting to see you go, your vendor could “stall” you to the point you just decide to stay. They can do this by returning your data in an unusable format, temporarily “losing” your data, or “kidnapping” it until you change your mind.
Acumatica Does It Right
The reality is, owning your ERP data isn’t always as easy as it sounds. But with
In addition, Acumatica customers are given the option to take a data snapshot and save it locally in an easily imported database format. This means they always have quick access to their data and it means they don’t have to rely on someone else to give them access to the information they need.
If you don’t own your ERP data you can be led down a long and painful journey. Thankfully, Acumatica customers don't have to worry about that. They are given ownership and power over their data right from the start. Yes, it's guaranteed that Acumatica customers own their ERP data. The question is….do you?