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Why move your business to the cloud?

October 27, 2023
clock 3 MIN READ

Investing in technology can help free up your—and your team’s—time. Time that can be used to focus on your clients. And time is just one reason to move your business to the cloud. 

Improve client satisfaction 

In today’s digital world, clients expect to be able to access their financial data when and where they want. Cloud computing enables you to seamlessly integrate client data and provide near real-time access to a client’s full financial picture, helping you monitor and analyze your clients’ progress to goals. Wrap that experience with technology that enables digital collaboration with your clients, and not only are you able to make more timely and confident financial decisions, but it can improve the quality of your interactions—which could lead to increased client satisfaction, retention, and growth.  

Save money 

Moving to the cloud may sound like an expensive investment, but it typically provides a strong investment return. In fact, companies on the cloud report an average cost savings of 92%. That’s a lot more than companies that aren’t on the cloud, which, when surveyed by VentureBeat, reported an average 43% cost savings.1 

Prepare for growth and scalability 

To maximize operational efficiency, all the systems that your business uses need to integrate effectively together. Cloud computing can unify your systems for your current operations—and position you for growth as you onboard new systems down the road. It can also reduce technology risk should you consider an M&A opportunity, enabling the migration of assets with little to no disruption. In fact, companies on the cloud are typically able to integrate their systems with companies they merge with or acquire faster. This enables M&A synergies to take hold sooner—helping propel future growth more quickly. 

Finding the right partner 

When done well, moving to the cloud can reap many benefits. Seamless integration is as much about understanding your culture as your systems. The right partner will take the time to understand your people and your processes—not just your technology—and help you align your technology and business strategies. 

A comprehensive cloud transformation strategy will help ensure: 

  • Data privacy 
  • Information security 
  • Ongoing monitoring and optimization 
  • Compliance support 
  • Scalability for future growth 

An investment in cloud computing can drive efficiency while enabling you to serve your clients better. Migrating to the cloud and realizing all the benefits can feel like a daunting journey. That’s why it’s important to have the right co-pilot to help you get there. 

 

1 https://venturebeat.com/data-infrastructure/how-businesses-can-find-the-clouds-elusive-roi/

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