More and more companies are looking up to the cloud for their computing solutions. As cloud computing becomes more reliable and less risky, Chief Financial Officers are trusting their core operational computing to cloud-based services. The start-up fees are minimal, and security and data storage services are improving exponentially. This is driving a demand for cloud service integration which enables multiple platforms and applications two-way communication, reducing duplication of data and minimizing lost information.
Cloud service integration is like the ultimate translation tool. Just imagine, all the different software applications that go into a single venture – analytics, financial reporting, even social media outlets. Each one of these programs was developed with it’s own language. As that precious data and information is gathered into one, streamlined cloud, you need to be sure they are able to “speak” to each other.
Information that is continually updated needs to be “understood” by every application at every level of computing. For example, today’s stock options for your company are relevant to your stockholders, and needs to be communicated via social outlets such as e-mail or instant messaging. That SAME information is equally important to the CFO, who needs to correlate that data in financial software and record it into your companies financial archives. Another member of the board may need access to that information to compile before the board meeting this afternoon.
Financialexecutives.org published a report on the trend toward moving core, essential computing operations to the cloud, and the increasing need for seamless integration:
“The fact that traditionally risk-averse CFOs are open to moving their mission-critical ERP systems into the cloud should be a clear indication to all companies that ERP cloud services are fast becoming the go-to strategy for finance executives looking to access the latest technologies quickly and cost-effectively to support their corporate objectives.”
Integration, however, must be handled on a case-by-case basis. Each company has unique cloud computing requirements, and uses different applications in specific ways that will determine the extent of integration. At Outbox Systems, cloud service integration is our specialty. To talk more about this, or anything else, please Contact Us. Thanks.