Making the move to cloud-based ERP: Balancing the risks and rewards

In today’s economy, where companies are constantly aiming for greater flexibility and efficiency, the cloud emerged as a key strategy to not only reduce costs but also deliver business value through transformation of internal business operations, innovating around new products and services, engaging in new and diverse channels and transforming IT organizations.

Although the cloud is here to stay and adoption is inevitable, rushing rarely pays off. Instead, step back and develop a strategy for making the best use of this increasingly complex environment. The clearer a company’s understanding of the cloud’s risks and rewards, the more likely it is that the company will realize the cloud’s long-term benefits.