In today’s digital era, cloud computing and software-as-a-service (SaaS) are immensely popular. With this, the substantial investment required to implement, host, and maintain traditional ERP applications is questioned by many organizational leaders. It is increasingly becoming difficult to support budget requests within their current legacy ERP infrastructure setup for new ERP applications or modules.
Also, operating budgets are limited. Therefore, it is important that IT administrators closely control their existing PeopleSoft apps/software, hardware investments, hosting costs, and other resource costs. Cloud computing can provide relief from the challenges of this nature.
In fact, most businesses have already or are planning to migrate to the cloud their essential business applications and processes. If the company has not yet done so, here are some of the essential reasons to consider putting the PeopleSoft ERP applications in the cloud:
1. Access Cutting-Edge Technologies
Moving to the cloud makes integrating PeopleSoft applications with cutting-edge technology, such as embedded business analytics and social networking, simple and easy. The majority of cloud providers host not only the key business systems of their clients but also state-of-the-art and supporting technologies. For the monitoring and analysis of the entire business processes supported by these applications, the combination is essential.
2. Minimize Costs: Maximize Profits
More and more executives realize the advantages of cloud-based access to PeopleSoft applications and best-practice business processes, including lower costs, reduced risk, and reduced time and labor that must be dedicated to application management by the company.
Cost is one of the key motivating forces behind software’s transition to the cloud. Many cost savings come from economies of scale when it comes to completely using and optimizing resources, reducing staffing requirements, using less electricity, and increasing versatility without duplication.
3. Enhance Efficiency
For your PeopleSoft applications in the cloud, operational performance is significantly enhanced with improved service quality, faster response times, and more efficient internal and external interactions.
Many organizations lack the capacity to monitor output and respond promptly to all incoming requests. There are resources that help simplify the tracking and service requests when running in the cloud, paving the way for a major improvement in the overall operating efficiency of the enterprise.
4. Scale Up
Scalability makes it possible for IT companies to expand or shrink quickly and effectively, depending on the business needs involved. Solutions for human resource management, such as the PeopleSoft ERP, are especially sensitive to the evolving nature of the workers’ populations they serve. Given the dynamic nature of market, it is valuable when you need it to be able to scale just-in-time.
In some cases, organizations are even considering introducing a new PeopleSoft module, such as talent management, recruiting, or performance management applications, which require additional disc space, memory, and even external servers to support increased workloads and users.
In this scenario, to complete the job, a traditional IT firm will have to supply new hardware and allocate internal capital. The service of the cloud’s PeopleSoft ERP platform lets the company scale up just-in-time quickly and securely.
5. Compliance Management Selecting a hosting partner and installing your software in the cloud helps ensure that your systems, infrastructure, and security policies, processes, and procedures are completely compliant. This saves you time and resources without the need for self-determination of these important variables.