Where can you find the information you need to evaluate the benefits, risks and costs of cloud ERP software ?
When it comes to making IT decisions, many CFOs tend to let that responsibility rest solely with the IT department. For them, the only important factor is the bottom line – how much the new gadget, server, or software will cost. Meanwhile, IT has a different mindset entirely. They are thinking about factors like CPU speed, bandwidth, power, technical sophistication, and eye candy. At some point the two need to meet in the middle. Otherwise, your company might end up with an ERP system that is either cheap and technically deficient or technically superior and ineffective at serving your company’s needs. Some software, such as the web browser your company adopts, is low-impact and may not have lasting ramifications on the success or failure of your business. Enterprise Resource Planning (ERP), however, is high-impact and will directly affect the financial future of your company. Therefore, CFOs should understand as much about ERP as possible. The cost is only one concern. CFOs, not IT professionals, are the best qualified to consider factors like risk mitigation, compliance, and long-term business goals. Therefore, the decision to move to a cloud ERP system should not be taken lightly. To help you make an informed decision,an infographic is perfect. An infographic is a visual representation of complex ideas in a simple to understand graphic format. (An Infographic is also perfect for people short on time, which is practically every CFO, visual learner or not!). So I recommend you take a look at this clever infographic, CFO’s Guide to ERP In the Cloud, that was recently released to help CFOs understand and explain the basics of ERP software in the cloud. The infographic explains common cloud terminology, benefits, costs and more in a way you have never seen before.