With the popularization of cloud computing and software-as-a-service (SaaS), many organizational leaders are questioning the significant investment needed to introduce, host, and manage conventional ERP applications. CFOs find it challenging to support budget requests for new ERP applications or modules within their current ERP infrastructure setup.
Similarly, there is a constraint on operating budgets too. IT administrators are asked to do more with less, so it is important to closely manage their current PeopleSoft applications/software, hardware investments, hosting costs, and other resource costs. Cloud computing will offer relief from such obstacles.
In reality, most companies have or are preparing to migrate their critical business applications and processes to the cloud. Here are some of the important reasons to consider placing the PeopleSoft ERP applications in the cloud if the company has not done so yet:
1. Save Costs; Maximize Profits
More and more leaders are starting to understand the benefits of cloud-based access to PeopleSoft apps and best-practice business processes, including lower costs, reduced risk, and reduced time and labor that the organization must devote to the management of the application.
Cost is one of the main driving factors behind the transition of software to the cloud. When it comes to fully using and leveraging capital, reducing staffing needs, using less power, and increasing flexibility without duplication, many cost savings come from economies of scale.
2. Scaling Up
Depending on the company needs involved, scalability allows IT businesses to grow or shrink easily and efficiently. Human resource management solutions, such as the PeopleSoft ERP, are particularly responsive to the changing nature of the communities of workers they represent. Given the competitive nature of the economy, it’s beneficial to be able to scale just-in-time when you need it.
Companies also consider implementing a new PeopleSoft module in some cases, such as talent management, recruitment, or performance management applications, which require increasing disc space, memory, and even external servers to accommodate increased workloads and users.
In this case, a conventional IT company would have to supply new hardware and allocate internal resources to complete the job. The operation of the PeopleSoft ERP platform in the cloud helps the organization to easily and securely scale up just-in-time.
3. Ensure Efficiency
Operating efficiency is greatly improved for your PeopleSoft applications in the cloud with better service quality, quicker response times, and more effective internal and external interactions.
Most organizations lack the resources to control performance and respond to all incoming requests promptly. When operating in the cloud, there are instruments that help simplify the monitoring and service requests, paving the way for a significant change in the organization’s overall operating efficiency.
4. Compliance Management
Choosing a hosting partner and deploying your apps in the cloud helps to ensure complete compliance with your applications, infrastructure, and security policies, processes, and procedures. This saves you time and money without these vital variables needing to be self-determined.
5. Access Cutting-Edge Technologies
Moving to the cloud makes it fast and convenient to combine PeopleSoft software with cutting-edge technology, such as embedded business analytics and social networking. Most cloud services host not only their customers’ principal business programs but also state-of-the-art and supporting technologies. The combination is important for the monitoring and analysis of the entire business processes that are assisted by these applications.
Migrating to the cloud offers advantages that are significant. It’s high time enterprises moved to the cloud and reap the benefits.