Cloud Computing is the new normal for many businesses. According to a study done by Flexera, 94% of all businesses use the cloud (Flexera.com). This number will only grow within the next few years, and it is clear that the cloud is here to stay. Reduced IT costs, scalability, stronger security, business continuity and increased flexibility are all strong reasons to move your accounting ERP system to the cloud. Cloud hosting vs Saas can be an important decision for your business and choosing the right cloud accounting solution for your organization can be challenging because there is no one-size fits all approach. The decision is dependent on current operations, business setup and many other factors. Below we will highlight the benefits of both cloud hosting and Saas solutions to provide clarity on which solution is better suited for your organization:
Cloud hosting is a great cloud accounting solution if your accounting ERP system is handling your business operations effectively and you do not anticipate changes in functionality. Cloud hosting can allow your business to have peace of mind with moving your accounting ERP solution to the cloud with benefits including:
- Secure environment
- Complete disaster backup and recovery
- Bi-coastal data centers
- Predictable IT costs
Cloud hosting can take away the hassle of maintaining and updating systems, allowing you to invest your time, money, and resources into fulfilling your core business strategies. With upfront and predictable IT costs as well as a completely secure environment, you can take IT strain off your employees and improve business function.
A SaaS solution is more suitable for a growing business. If your current accounting ERP system is unable to handle your business needs, then a SaaS solution may be what your organization requires. A SaaS solution is equipped to handle a changing business and was created to understand the needs your organization. Some benefits include:
- Real-time reporting
- Easy consolidation
- Continuous updates
- Easy integrations
- Industry specific features
All the benefits included above are designed to grow with your business. The urge to move to the cloud has accelerated, as the benefits of a Cloud ERP product have become clearer. A SaaS cloud accounting solution offers new features at a much more rapid pace than older software platforms. Customization is often replaced by product configuration, scalability, and open API structure for seamless integration with other software platforms.
Choosing the proper cloud accounting solution for your business is not a simple task. It involves evaluating your business structure and accounting ERP system to decide which solution will give your organization the most benefit. Cloud Hosting vs SaaS is an important decision and there are many benefits available for both solutions, it comes down to which one is better for your business operations.
To learn more about Cloud Hosting vs SaaS and how CompuData can help you decide which solution is best suited for your business, email us!