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As thousands of small and mid-sized businesses have recently discovered, the benefits of moving your operations to the cloud almost always outweigh potential problems associated with using remote IT services.

There are several good reasons to move your business operations to the cloud, including better security, less network downtime than in-house networks and increased “agility”. But lower overall IT costs is the number one reason most companies migrate to the cloud.

Economies of scale today dictate that only the largest of businesses see a financial benefit to making large capital investments in IT equipment. Moving your business processes to a cloud-hosting provider (like, for example, Dynamics365) lifts this burden from your bottom line, so you can use your limited financial resources to grow your enterprise.

Get More Bang for Your Buck with Cloud-based ERP

As discussed above, migrating to the cloud almost always results in overall lower costs for your business operations. One area that many businesses see lower costs in is enterprise resource planning (ERP). The costs related to maintaining ERP systems typically decrease significantly because you have hardware that scales (up or down) with your needs but that you don’t have to maintain separately.

With cloud-based ERPs, you’re not just saving implementation costs on the front-end. Updates along the way are handled (relatively) seamlessly by the provider. And integrations of different modules (like mobile access, or credit card processing) usually take less time and are cheaper than on-premises implementations.

Cloud-based Business Operations Boost Enterprise Agility Needed to Compete in Today’s Fast-changing World

Businesses today need to be ready to upsize or downsize, or stop and pivot in a new direction, or pursue a new corporate strategy, at the drop of a hat. 21st century businesses need “agile” business processes that are not set in stone (ie, trapped in long-term contracts with providers) and can be easily changed as required.

Moving your business operations to a pay-as-you-use cloud model permits your company to enjoy a good deal of flexibility, as you can scale the hardware supporting your operations up or down easily. Maintaining your own in-house network is not just capital-intensive, it means you are stuck with that specific hardware set-up for a significant period of time. And being stuck is definitely not agile.

Increase Innovation and Productivity through More and Better Collaboration

Research shows that collaboration is a critical part of the process of innovation. When you migrate to the cloud using an industry-leading hosting solution (such as Microsoft Dynamics), you enhance teamwork and increase productivity through easier access to information from anywhere, any device, at any time. Using the cloud for your business operations also means remote employees can share information in real-time, permitting easier and more efficient collaboration across even the largest organizations.

The numerous benefits of moving to the cloud far outweigh the few disadvantages. Most small to medium-sized businesses will not only reduce their annual IT costs by moving to the cloud, they will also become more agile and improve employee productivity.

Want to know more?

Ask how EX Squared can modernize your business processes and accelerate growth in your industry. Contact us for a fast and free consultation.