8 Reasons to Move Your Finances to the Cloud Right NOW

Are you trying to figure out what you could have done better to minimize the impact on your business continuity during the COVID-19 pandemic?  

If we would have to choose ONE, it would be moving away from on-premise operational models. Companies around the world have been forced to move their workers to remote model and only those who have been equipped with tools to make the transition seamless, thrive even in these challenging times. The ones who were not prepared are experiencing some serious productivity challenges.  

So now is really your time to consider a transition to the Cloud. While transitioning your whole business might seem like a daunting task, you can always start small and continue step-by-step. Moving your Finance operations for example can give you a substantial ROI and can be done as quickly as in 6 weeks.  

Here are our 8 reasons why undergoing a Rapid Microsoft Dynamics 365 for Finance implementation is the best thing you can do right now for your business: 

1. Help Your Teams Rock

Collaboration and connectivity for your employees is no longer a nice-to-have environment. It is a must-have. Give your employees an opportunity to overachieve by providing them with tools to access live data from anywhere and work on tasks together in real time. With seamless integration to the whole Microsoft Dynamics 365 suite of products, you can eventually empower your finance department to easily work with other departments as well. Connect to other Microsoft productivity apps, like Office 365, Teams, SharePoint, LinkedIn Insights and Sales Navigator, Bing, and Azure to gain some serious enhancements for your people.

2. Better Be Safe Than Sorry

The financial operations of every business involve a significant amount of confidential information and you cannot outplay Microsoft cloud capabilities in protecting your data.  

An estimated 92% of IT decision-makers at companies that store data primarily in the cloud were confident in their GDPR readiness, compared with just 65% of those who store data on- premises. (Source: Microsoft blog)  

3. Save Some $

Having your Finances in the Cloud eliminates hardware costs for you, as well as significantly reduces administration costs and third-party products support. A Forrester Total Economic Impact (TEI) report shows that organizations that moved to the cloud:  

• Reduced TCO by 10.25%. 
• Experienced an estimated 40% administration savings from eliminating software updates, storage allocation, server backups, and restores.  
• Reduced deployment costs by an estimated 30-50% versus on-premises.

4. Insights You Need Now More Than Ever 

With the power of the finance insights from Dynamics 365 you are able to gain advantage of the predefined business analytics and intelligence with no to minimal work from your side. Give yourself a great way to gain the insights you always needed but were challenged to get with your on-premise solution.

5. Take the Burden Off Your IT Team 

You still have control of your environment but now you have a chance to redeploy your most valuable IT resources to higher value tasks. Your environment is always current and you do not have to manage your hardware. Microsoft can also support a hybrid cloud/on premises environment making your transition to the cloud much faster. 

6. Become More Agile

Moving your finances to the cloud now helps you deal with a crisis quickly and efficiently. You can roll out new capabilities when your business requires it. Members of your finance team can go to all-in-one solution instead of jumping between multiple systems. 

7. Stay Sharp

Live data is available at your fingertips making reporting possible with a click of a button and spearheading informed decision making among your employees.  

7. Simplify Your Onboarding

Simplified training and onboarding make your Finances transition as smooth as possible for the end users. You can find hundreds of user-friendly guides available online for daily tasks that your Finance team encounters. And the best part: no more large-scale upgrades that make you feel like you have no idea how to deal with the system, but rather incremental updates helping reduce your users’ learning curve. 

To get Microsoft Dynamics 365 Finance implemented in 6 weeks contact us here.