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Switching from Microsoft Dynamics GP to The Cloud
See Why Customers are Switching from Microsoft Dynamics GP to the Cloud to Drive Growth
Overview
To discover how cloud-based ERP systems support and accelerate growing organizations, NetSuite engaged senior IT executives in discussions on the topic. These executives shared case studies of why they switched from on-premise to cloud-based systems, how the implementation process occurred, benefits they have experienced, and lessons learned.
A prevailing theme is that the marketplace is changing faster than ever and competitive pressures are greater than ever. To keep pace in this dynamic environment and to lay the foundation for growth, firms are realizing that their historical processes and on-premise systems are not adequate. They need to modernize their IT infrastructure to provide the visibility and scalability for growth.
These discussions underscored how cloud-based ERP systems enable businesses to respond to market dynamics through rapid scalability, access for distributed workforces, and real-time visibility into the organization from anywhere. They provide a full view of the customer, which equips employees at all levels with real-time information to support intelligent decision making. Since cloud infrastructures flex with growth, the IT team is freed from the complex integrations and upgrades that can prevent businesses from outrunning the competition.
Why Organizations Are Moving to Cloud Financials
Businesses in all industries are under pressure to modernize.
In every industry, organizations face significant pressures. Competitors are introducing new products, customers are demanding improved service and greater speed, and companies are launching new offerings and expanding to new geographies. Achieving ambitious growth and expansion goals requires operating differently. It requires breaking silos, having “one version of the truth” with real-time visibility to make fast, informed decisions. Companies need speed, visibility, and scalability as never before. This requires a modern IT infrastructure that supports the need to operate differently. For most organizations, the on-premise systems of the past don’t meet the business needs of the present and future.
The cloud has become the de facto standard for modern businesses.
In today’s tough economic environment, business leaders must deliver outcomes more quickly, with fewer resources. For businesses of all sizes, the cloud represents a tremendous opportunity, which is becoming a necessity.
On-premise systems are costly compared to cloud solutions.
One reason for the growing popularity of cloud solutions is their cost compared to on-premise systems. For on-premise tools:
High implementation costs means it takes longer to realise the ROI
Forrester analyzed the hidden costs of on-premise
ERP systems and concluded that implementation costs could be as much as five times the cost of software licenses. Hardware, middle-ware, database licenses, and implementation fees cause
significant expenditures.On-premise ERP systems hinder the finance function.
The Aberdeen Group reports that two thirds of organizations are running old versions of financials, due to the daunting and expensive task of upgrading on-premise systems. In most cases, companies are four to five versions behind. Many organizations
are using on-premise solutions designed for business requirements of a decade ago.High maintenance costs means innovation falls by the wayside.
According to Gartner, 91% of budgets allocated to on-premise systems are spent on maintenance and administration; only 9% are spent on innovation.
Traditional ERP systems are part of a fragmented, complex IT infrastructure that delivers disruption rather than efficiency.
Traditional ERP systems like Great Plains are just one part of an organization’s business system. Companies usually deploy other systems to automate support, sales, warehousing, ecommerce, professional services, and other functions.
Cloud platforms like NetSuite simplify business processes and IT.
There are many compelling reasons why companies move from older on-premise applications like Great Plains to modern cloud-based solutions, such as NetSuite.
Conclusion
With traditional on-premise ERP systems, organizations face significant challenges due to the fragmented and complicated IT infrastructure. Rather than focusing on the strategic needs of the business, IT teams get bogged down with integrations, maintenance, and upgrades.
Organizations that want to be more nimble in the face of market changes, and that want to grow and expand, need a more modernized IT infrastructure. Cloud-based ERP systems like
NetSuite are the answer. These robust, reliable, cost effective solutions help enable and accelerate the growth of businesses.
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