Why should you move to the Cloud?
To say that the pandemic has shaken and re-structured the way enterprises function, would be a further attestation of the power of the cloud. This pandemic has turned tables 360 degrees, from the way each function works and interacts with each other, how the teams collaborate and how the organization’s workflows operate. Only a few organizations that were proactive and precautious were able to maintain business continuity by embracing remote work culture. The majority of the organizations are slowly recovering from the turbulence and are making important decisions on not only how to handle a similar situation in the future, but also how to be resilient and robust to business disruptions.
What are the technological soothsayers preaching?
1) Build a business model that is resilient to disruptions, enhances the business flows while facilitating seamless internal and external interaction among business functions.
2) Build a business model, where the relevant data is made available to relevant functions upon request from a heap of unstructured data.
3) Build a business model where smart alerts are sent to prevent manual delays to critical deadlines.
4) Build a business model where you don’t need to log in and log out of multiple databases for different functional data to close a project.
Role of the Solution Provider:
Organizations while choosing a solution provider should profile whether the provider has the technical capability to build a business model or a solution that will automate workflow customized to the business needs. The solution should be a foot forward in innovation encompassing functions in a cost-effective manner.
Solution providers realize that this is the call for a cloud solution and is the right time to pivot organizations toward a cloud business model that will strive and thrive in the future technology war zone. A cloud application forms a common platform of data for all the siloed business functions in the business model allowing the user to view and use the relevant data from any business area without delay, facilitating transparency, consistent user experience, and workflow.
Cloud applications are integration-friendly allowing data to flow from one application to another, making it available at the right time and right place with automated workflows. This feature of cloud application allows remote work culture to strive and moving organizations move forward.
Key Features and Benefits of Cloud:
Upon getting these insights there will be one less cloud skeptic in the ERP world. Brace yourselves!
Higher cyber security: Cloud solutions are designed with standard physical access controls. Further, the data is secured with encryption, not just single encryption but multiple layers of encryption can be incorporated based on the degree of privacy of the data.
Customization & Upgrade: Cloud solutions are designed to keep up with the latest technology, so customization and up-gradation will not incur a lot of investment. You can add multiple workflows and licenses for signing in according to business needs. Cloud understands and helps in making business processes simpler.
Compliance: Cloud solutions are designed keeping in mind the nature of compliance policies, responding to the regular and continuous changes. It gets accurate, timely, and actionable compliance data.
Agile & Facilitates Innovation: Cloud solutions are by nature agile and fast, and in uncertain times like the pandemics times, cloud solutions will allow quick alerts, instant virtual connections, and instant modifications in workflow combined with innovation.
Integration with AI & ML: Cloud solutions can be integrated allowing the flow of data from one application to another. This nature of cloud solutions creates an environment for the Internet of Things. With the addition of AI and machine learning, smart workflow automation that reduces manual errors can be adopted.
The scope of cloud technology is limitless, and that alone should be sufficient to make you a cloud optimist. We understand every enterprise is unique and they have unique needs. With the right cloud solution provider, you can deploy smart workflows that will enhance your business process and expedite the achievement of financial goals.
Oracle Fusion cloud applications are one of the legacy suites of applications. An innovative and modern user interface makes complex business processes simple throughout your business functions like Sales (CX), SCM, Manufacturing, HCM, and Financials.
At ennVee, we offer Fusion Cloud solutions implementation services globally. Through our enterprise solutions, extensive consultation, and collaboration, we assist our customers in their digital transformation journeys to achieve process excellence and competitive advantage.