Many companies still have one foot in the past with ERP systems on their own servers. Now is the time to move to the cloud and secure a more flexible, secure and efficient financial function. Have you planned your cloud journey?
The transition from onprem to the cloud may seem challenging, but now it's more important than ever to make the move to the cloud to optimize invoice flow, integration, security and scaling.
Fortunately, the proportion of companies using cloud solutions has been increasing in recent years, especially in finance and accounting. Many are already established with cloud services or are planning a transition.
Why are many still hanging on to on-premise?
Finance departments have traditionally been among the most cautious when it comes to new technology. Here are some of the reasons why many are still hesitating:
- Security and privacy requirements: Some have specific requirements that make them prefer to keep data on their own servers.
- Large investments in existing systems: Many have spent significant sums of money on on-premise solutions and want to leverage these for as long as possible.
- Migration complexity: Moving legacy systems to the cloud can be perceived as demanding and resource-intensive.
But remember: you can still keep your feet firmly planted on the ground, even if your system is in the cloud.
Benefits of moving your system to the cloud
Moving your ERP system to the cloud offers companies several advantages, enabling them to stay competitive in an increasingly digitized landscape:
- Efficient invoice flow:
Automation and flexibility for better cash flow and less manual work. - Integration with tools:
The cloud makes it much easier to connect your ERP system to smart add-on solutions such as Compello - a system that streamlines invoice processing, automates posting and provides AI-based processes for better control and faster flow. - High security and uptime:
Modern cloud-based solutions offer far better security, continuous monitoring and high availability. - Scalability and flexibility:
Increase or decrease capacity when you need it - and only pay for what you use. - Free up IT resources:
Let your provider take care of operations, maintenance and security updates, so your IT department can focus on strategic development.
Moving to the cloud is often part of innovation in finance departments, but many still cling to on-premise solutions, especially in industries with strict regulations or where legacy ERP systems are still in use.
The add-on services that make an ERP system complete
It's easy to think that a cloud-based ERP system solves everything on its own - but the real benefit comes when you combine ERP with specialized add-on services.
Compello is a good example of this: a solution that works seamlessly with your ERP system, automating invoice flow, matching invoices to purchase orders, and providing autocosting and AI-driven rule management. The result. Less manual punching, fewer errors and significant time savings in the finance department.
The future is in the cloud
Do you see the transition to the cloud as challenging? It doesn't have to be. The strategic benefits - such as automated invoice processing, better integration, higher security, stable uptime and reduced IT costs - make cloud ERP a natural and forward-looking choice.
And remember: with a modern ERP in the cloud, you also open up to add-on solutions like Compello that give you full control of your invoice flow and save valuable time every month.
What are you waiting for?
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