Combining the Best of Both Worlds – ERP and Cloud
Cloud computing is a fundamental pillar of the ongoing digital transformation, making it possible to access application for business operations via the internet as opposed to installing them physically onto a local system. Cloud technology enables streamlined processing, automation and simpler integration of different teams, subsidiaries and business units. Cloud applications already are a part of most people’s lives today and their importance will only continue to grow, due to the benefits the technology offers:
Hybrid Cloud Delivers Reliablility and Flexibility in a Unified Approach
While recognizing the potentials of cloud, organization naturally are keen to extract the maximum value from existing system investments whilst leveraging new technologies to make finance processes smoother and more secure, all while gaining greater visibility and control over cash. This is where the hybrid cloud approach comes into place.
The hybrid cloud essentially involves connecting an ERP system with additional cloud applications to produce a single source of truth, without any complex interfaces. By essentially running a core solution in an ERP system and adding satellite solutions around these ERPs in a cloud environment, the hybrid cloud ERP model enables organizations to achieve new levels of centralization, making it an up-and-coming phenomenon in the world of finance and treasury. With a hybrid cloud organizations can
- Bridge the system gap between ERP and Cloud
- Put in place a central reporting capability for the entire organization without causing any systems disruption or upheaval to users
- Make the most of the existing ERP-integrated solution, whilst gaining visibility over the cash of any decentralized subsidiaries which are not on-boarded onto the ERP.
- Enable different departments to work in different systems, whilst still utilizing the same set of data.
With the hybrid cloud model, ERP and cloud users can see everything that has happened in both worlds yet have one central source of data because both solutions communicate 100% automatically with each other all the time. The hybrid cloud model is a great way to achieve centralization without the logistical challenges of migrating multiple decentralized subsidiaries onto the ERP.
Cloud and Mobile Technology are ubiquitous with consumers and are now trickling into the enterprise with ever-increasing speed. The upsides are obvious but need to be accompanied by several measures to facilitate security and fraud protection to ensure a safe and sound environment for sharing information and staying in control from the palm of your hand.