It is no secret that during and post covid, many mid-sized businesses in the UK have been looking to migrate to cloud-based solutions with end users quickly learning to adapt to the “new normal”. Since the beginning of 2020, more than 50% of organisations have moved their workloads to the cloud and this trend is likely to continue over the coming years.
Now the worst of the pandemic is over, cloud computing is no longer just an upcoming trend and emergency fix. Whilst these changes may have initially been driven by a sudden need to move to home working, mid-sized businesses have been quick to recognise that cloud-based solutions also create countless opportunities for them alongside a distributed workforce. They have been successfully integrated into many organisations’ online processes providing them with a whole host of benefits including stronger reporting capabilities, increased profitability and dynamic scalability.
Realising the opportunities of cloud-based software
The pace with which companies have been switching from on-premise to the cloud has been much more accelerated than many thought and on investigation we’ve discovered that often, this is not only because the benefits of upgrading are greater than expected, but also because the process of migration is much easier and more streamlined than anticipated.
In the past, the cost of new or upgraded software has often been a barrier for many decision makers, with people reluctant to invest significantly without knowing whether they’re going to get a return. However, at Solutions, we’ve been able to work with businesses to help them to align the cost profile with the benefit that they want the system to provide, guaranteeing a profitable investment. Users switching to Sage Intacct for example can achieve a 250% ROI and payback within six months.
Although cloud-based systems have often been mainly associated with supporting a distributed workforce, they can offer a great deal more than that in terms of reporting and visibility of data. Business owners need to constantly improve efficiencies and modern systems offer a way to do that with simple consolidations, multi-dimensional reporting with enhanced dashboard visibility. This gives businesses greater insights into financial operations and supports strategic decision making, empowering businesses to become more competitive. Sage Intacct offers more streamlined financial processes with some companies reporting a 79% decrease in the time take to complete month-end close.
The Solutions team have also found that a number of our clients thought upgrading their current software would be a large undertaking which could disrupt the day-to-day running of their business. However, with processes in place to make migration quick and simple, many discovered that the move was less intrusive than expected and in fact saw significant improvements in productivity. With options to scale solutions based on specific needs, we’ve not only seen users upgrading from on-premise Sage 200 to Sage Intacct but also from Sage 50 to Sage Intacct for best-in-class financials. Those who felt happy with Sage 200 have even moved to the Azure cloud platform in order to stay on their current software, but still reap the benefits of a cloud-based solution.
Are you getting the most from your current system?
We know that you know how important financials are in business and in order to support the strategic choices you make, you need to know that you’re getting the most out of your software. Our consultative approach means that you can speak with our team whenever you need us so that we can guide you through how to utilise your system. With regular updates and new features often being added, you might be unaware of some of the benefits within your current solution. By learning more about your software, or even considering upgrading to something else, you can become more efficient, profitable and successful.
It’s clear that cloud technology has enabled a dramatic shift in the way businesses operate by not only allowing a more flexible workforce but by also providing clearer and more streamlined processes, allowing you to put your time, money and effort into achieving your business goals.
To find out more about how you can get the most from your software or if you’re thinking of upgrading to something else, then call us today on 0115 840 5075 or email enquiries@solutionscloud.uk.
