5 Myths about SaaS and the Cloud Dispelled

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Most CFOs understand the importance of cloud computing to manage and streamline their operations, but some IT managers might not share the same enthusiasm.

IT managers are instinctively cautious about their data and may believe that giving control of servers and critical applications to a cloud provider is risky. However, these concerns are largely unfounded

Here we’ll be addressing five of the most common myths about Software as a Service and the cloud, so that you can build a collaborative approach to cloud adoption.

Myth 1: Moving to the cloud means losing control.

An often unspoken concern is that the IT function will be marginalized if control passes to a cloud provider. This is not the case.

IT plays a vital role in selecting and integrating vendors, managing data, monitoring SLAs and much more. IT’s value shifts from configuring equipment to powering the business, making It’s function more critical and strategic than ever.

Myth 2: Cloud security is questionable.

Security can be one of your IT manager’s biggest concerns but Today’s cloud providers have built protections that exceed those of the world’s largest enterprise data centers. Cloud providers spend billions of dollars annually on security and can afford to hire top talent. The reality is there hasn’t been a publicly reported breach of a major cloud infrastructure provider since 2010.

Myth 3: SaaS and the cloud offers no scalability or availability guarantees.

Cloud companies are much better equipped to provide reliable availability as Cloud vendors over-provision infrastructure to avoid scalability issues. For example, the Sage Intacct cloud data center contains more than 10,000 CPUs and more than 100 terabytes of RAM to handle more than 1 million application requests per day. Workloads are constantly monitored to ensure that they never exceed 33% of capacity

Myth 4: Cloud applications can’t be customized.

Cloud software providers rely upon application program interfaces (APIs) to make their product customizable. A huge benefit of APIs is that they enable increased functionality by integrating with other programs.

For example, customer relationship management systems like Salesforce can be integrated with the core finance system, like Sage Intacct, in just a few clicks.

Myth 5: Cloud Computing is a fad

Cloud computing is here to stay and the level of investment in the cloud ensures it isn’t going away anytime soon. The research firm Gartner predicts that companies will spend $788 billion on public cloud services in the next four years. And the McKinsey consulting firm forecasts that cloud technology could have an economic impact of $1.7 to $6.2 trillion a year by 2025.

For customers seeking to be up-to-date in today’s digital world, cloud is no longer an option
but a mandate.

If you’re interested in learning more about how cloud accounting solutions like Sage Intacct can help propel your business forward, contact one of our experts today at https://www.theanswerco.com/contact-sage-acumatica-experts-erp/