Cloud ERP adoption is on the rise, with more and more businesses recognizing that it is the most cost-effective, flexible, and quick method to implement business applications without the need for large capital expenditures or extra IT employees. Moving from on-premises to Cloud ERP, on the other hand, is a huge choice, and there are various considerations to consider before choosing if it is ideal for your firm.
1. CLOUD ASSESSMENT
When migrating to the cloud, first assess your present IT environment and develop strategic goals. The cloud is classified into three types: private, public, and hybrid.
Private cloud provides a customised IT infrastructure that is maintained by your team or third-party suppliers, utilising your hardware and private network.
The public cloud makes use of an off-site network that other customers can use. It often provides a pay-per-usage payment strategy, which may save your company a large amount of money.
A hybrid cloud is a mix of private and public cloud systems. It is widely used to manage IT infrastructure to suit seasonal business requirements, or to run applications in a public cloud while keeping sensitive data in a private environment.
When deciding between various cloud kinds, make sure you understand their features, extensions, bandwidth, and storage to discover the best fit for your company’s needs.
2. CHOOSE A RELIABLE SERVICE PROVIDER
Before investing time and money in cloud integration, the next critical element is to select a reputable cloud solution provider (CSP). Examine the compatibility of the possible provider’s technical, governance, and linguistic standards with your company’s internal requirements. Ascertain that your supplier is a licensed partner with extensive expertise who understands not just how an application operates, but also how distinct components interact with one another. The ideal supplier must promise software support to promptly resolve difficulties and ensure data security 24 hours a day, seven days a week.
3. ESTIMATE THE TOTAL COST OF OWNERSHIP (TCO)
When estimating on-premises ERP expenditures, organisations sometimes make judgments based on inadequate or erroneous information. Consider your whole TCO, including installation expenses, hardware maintenance, software licencing, staff time, and any hidden add-on expenses. In many situations, firms fail to account for the cost increases that may result from increased users, storage, transactions, and other factors, which can make cloud solutions prohibitively expensive. To make an intelligent choice about switching to Cloud ERP, each firm must examine and quantify the TCO for each solution.
4. PLAN YOUR DATA MIGRATION
One of the most difficult aspects of cloud migration is data migration. A well-thought-out plan and roadmap may greatly ease data transfer. Determine which sorts of data may need to be stored or processed on the cloud. By purifying your data, you may completely examine it for inconsistencies, standardise data formats, and reduce redundancies.
Conduct some research to see if the data migration technique has worked effectively for other firms similar to yours. Establish explicit guidelines for who has the authority to produce, approve, change, or delete data from the source system, and establish this in writing as part of the project plan. Cross-object dependencies are frequently discovered late in the migration process, so have an alternate strategy in place.
5. ENHANCE SECURITY
One of the most significant concerns that businesses have about implementing a new cloud-based system is the risk of data loss and leakage. According to Forbes, security is the top issue for 66 % of IT professionals when it comes to implementing a business cloud computing strategy.
It is critical to select the correct partner to guarantee that your security issues are handled and that your data is secure in the cloud.
To secure your intellectual property, Axolon cloud ERP provides proactive, preventive, and analytic controls that assess threat and vulnerability identification and continuous security monitoring.
Are you considering migrating your current ERP to the cloud? If so, you must develop a comprehensive strategy and prepare your company for data migration. We recommend the best cloud-based ERP Solution in Dubai. Click here to Request a free demo.
