Should I, Would I, Cloud I?
Since the beginning of this decennium, many finance professionals claim “working in the cloud” is the way to go for organisations. At the same time, others emphasise the downsides of working online. Are the sceptics right in their statements? Or is the situation comparable to roughly twenty-five years ago, when many were very critical about digitising important documents? If the latter is the case, a turnaround is likely to happen. Nowadays, letters are less and less often sent in envelopes. The only reason that postman is still a profession is because of package deliveries of online stores.
In some cases, the negative statements of the sceptics mentioned above are very right. Moving to the cloud often has a strong impact on an organisation. It is therefore very important to know what the implications are of this new way of working. In this guest blog, I will deal with the concerns that are expressed most often in relation to cloud computing. Along the way, I will keep MONI and the service it provides, online accounting, in mind.
What about safety?
The idea of storing your data outside your organisation might feel uncomfortable. But is there any difference with cash and banks in earlier days? I am assuming that nowadays you don’t keep your (business) funds in a pillowcase at home. In addition, a professional server with back-up is in many cases a lot safer than a single hard drive or a local server.
What are the legal implications of working in the cloud?
Cloud services are in most instances on American servers. Because of the so-called Patriot Act, your data is in that case subject to the laws of the United States which means that your information is less protected in comparison to cloud services which are under European legislation. Luckily more and more companies are working with European servers or with specific partners within Europe. If that’s the case, you don’t have to worry about legal implications. MONI works with solely European partners such as Exact Online, SRXP, and Twinfield.
It's a hassle to switch, isn’t it?
Switching to the cloud could be quite a lot of hassle. There are not many standards formulated for data usage in the cloud. Migration from one service to another can also cause headaches. That is why good companies are facilitating the switch so you don’t have to worry about it. At MONI, we have in-house experts who are dedicated to the migration from old accounting packages to new cloud solutions. At SRXP, you will get an experienced customer success manager who will take the work off your hands.
Cloud solutions are usually one size fits all, I need very specific data.
That's right, in many cases -whether we are talking about sending emails, storing data or expense reporting- software and interfaces are not modified to the specific needs of your organisation. MONI offers highly sophisticated industry-specific or organisation-specific solutions. We are also offering personalised dashboards so our clients will always have the most important insights in just one click.
What are your thoughts? To cloud or not to cloud? If you are interested in the services of MONI, feel free to contact them directly via this link. Also, don't hesitate to request an online demo at SRXP.
Simon van Esch is Marketing and Sales Support at MONI, a Dutch financial service provider with an international network. MONI combines premium cloud solution with financial coaching for your business. Whilst SRXP offers the software, MONI is responsible for the controlling of their clients.