BTerrell Group Blog

Is a Cloud ERP Solution Right for You?

Posted by Keith Karnes on Wed, Jul 10, 2013

Is cloud ERP right for you?Everyone seems to be weighing in with an opinion on this question, and often the “opinion” seems to be heavily weighted toward what solution the speaker has to offer. In truth, the relevance and accuracy of the differentiators for cloud versus an on-premise ERP solution need to be evaluated for each unique circumstance.

Here are some key differentiators for cloud-based ERP applications:

  1. Allow the business to focus resources primarily on core business functions, rather than to maintain an IT department to serve the ERP function. In other cases, where IT functions are a major central business component, to focus IT resources on providing value functions toward revenue generation.
  2. Allow scalable growth to match the business growth of the enterprise, via adding user subscriptions or necessary modules only as necessary.
  3. Technology solutions are current and architected specifically for delivery and usage on current platforms for mobility and accessibility. In addition, they tend to provide higher levels of usability and user friendliness.
  4. Generally ensure improved measures in back-up, data retention, and recovery. These functions are provided by the vendor system-wide, rather than having to be performed by each customer. Due to the potential risk, the cloud-based provider typically has a higher level of security than would be set up for an on-premise solution.
  5. Have short implementation time periods to actually reap the rewards of management information quickly and are typically compressed over alternatives, enabling early return on investment.

So, is a cloud ERP solution right for you?

The question should be posed in terms of what information is needed to run the business. What are the key drivers to the business success and how these key drivers can best be addressed. What are the best uses of time and resources internally, and what are best provided externally?

BTerrell Group is equipped to provide insights and solutions to help you answer these questions and help you identify the right solution to meet your needs. Contact us today to get a FREE 30-minute consultation to get started.

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Tags: cloud, cloud erp, cloud accounting software, Cloud Financial Software

Debunking the Myths of Cloud-based Accounting Solutions: Security

Posted by Keith Karnes on Mon, Jul 01, 2013

Over a period of time, we will address several of the issues or concerns raised about viability of cloud-based accounting (ERP) solutions.

Myth #1: Security is a problem with Cloud ERP

Debunking the myth that the cloud is not secureWell, that depends on the vendor and the controls that are in place in the cloud, just like security with an on-premise or hosted solution depends on the safeguards in place locally.

I am not certain whether it can be determined which solution is inherently more secure, rather the question is what resources are brought to bear on the security issue and how thoroughly are they enforced and practiced.

Here are just a few of the security features that a well-designed cloud-based ERP solution provider has in place:

Application Availability
  • Tier 1 Data Center
  • 7x24x365 monitoring
  • Mirrored RAID storage
  • Standby servers
  • Redundant network components and power supplies
  • Parallel redundant generators
  • Separate Herakles Disaster Recover backup site
Application and System Integrity
  • Tightly restricted access to production data (physical and virtual)
  • Real-time activity log tracking
  • Data redundancy built on Oracle infrastructure
  • Full daily backups to multiple remote locations
  • Transaction data backed up every 30-minutes
  • Option available to user to restrict user login to acceptable IP ranges

These are only a few of the details of security for a particular cloud vendor, Intacct. The focus here is to show that immense resources are invested specifically in security … certainly more resources than all but the largest Fortune-level enterprises can invest, yet due to the serving of many clients, the resource cost is effectively spread.

As you evaluate the relative security of the cloud versus your local security, be sure to do a thorough, honest evaluation.

More detailed information about Intacct’s Software as a Service: Performance, Availability and Security can be found here.

Tags: security, Intacct, cloud, cloud erp, cloud accounting software