The acceptance of the cloud has been growing steadily and that’s in large part to its many benefits, including; flexibility, low financial outlay and scalability. Some companies dip their toe in the water by simply moving core elements of their time and attendance into the cloud, while others are choosing the middle ground of a hybrid cloud environment, which keeps core time and attendance functions on-premise while also utilizing a variety of multi-tenant public cloud systems to manage certain parts of their business.
Some C-suite executives including finance and HR, at times, need convincing when it comes to the cloud, and if their past experiences with a cloud solution, have been less than stellar — asking them to give a cloud-base solution another chance might be an uphill battle.
In a published article for CFO.com titled The Cloud: A Better Expense Model Roy Golding, does a masterful job in espousing the virtues of the cloud and its inherent benefits.
“Cloud asks businesses and their finance leaders to reevaluate some long-held approaches to IT and how it is accounted for. Traditionally, any time an organization wanted to make a significant technology change, the CFO needed to ensure the long-term business model supported the investment. Making heavy capex investments up front — think expensive data-center hardware — always brought with it the risk that the hardware wouldn’t be fully utilized down the road.
In contrast, cloud offers the flexibility to move technology resources and to not be tied into one big investment at the beginning of a new project or business. Software-as-a-service (SaaS), for example, removes the need for businesses to install and run software and applications on their own hardware within their own physical infrastructure, which also removes the associated expenses. In this operating expense model, instead of taking a large cash hit on the P&L statement right away, the company can pay for the service over time as it gradually grows the investment.
In the past, if IT teams needed additional hardware, software, or connectivity resources at certain times of the year — for seasonal reasons, perhaps — the investment to cover that requirement may have resulted in over-provisioning after the busy period ended. And a double hit resulted — the company subsequently owned depreciating technology assets that weren’t being used most of the time. This approach has never been popular with CFOs, but before the arrival of the cloud there was little alternative.”
If your organization is still on the fence about the cloud, you can always start small and grow with it. For example, with ATS TimeWork OnDemand Software-As-A-Service (SaaS) you can easily increase or decrease capacity to cost-effectively handle peak demand. And, because the configuration with ATS TimeWork OnDemand configuration is less complex, you don’t high-value implementation team members thus– helping keep deployment costs down.
The power of the cloud is undeniable so, don’t leave your organization behind. Still not convinced? Find out how ATS TimeWork OnDemand Enterprise Cloud Solutions can deliver the speed and resources necessary to quickly validate and realize solid ROI.
To learn more go to our website. You can register and join the ATS Workforce Analytics team for this week’s webinar, How Businesses Can Use Analytics To Achieve Profitability. And, to speak to an account executive, call: 866.294.2467.
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