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	<title>cloud solutions Archives - CDInsights</title>
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	<title>cloud solutions Archives - CDInsights</title>
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		<title>5 Ways Cloud-Based ERP Streamlines Procurement</title>
		<link>https://www.clouddatainsights.com/5-ways-cloud-based-erp-systems-streamline-procurement/</link>
					<comments>https://www.clouddatainsights.com/5-ways-cloud-based-erp-systems-streamline-procurement/#respond</comments>
		
		<dc:creator><![CDATA[Elizabeth Wallace]]></dc:creator>
		<pubDate>Wed, 05 Apr 2023 12:42:00 +0000</pubDate>
				<category><![CDATA[Cloud Data Platforms]]></category>
		<category><![CDATA[cloud solutions]]></category>
		<guid isPermaLink="false">https://www.clouddatainsights.com/?p=2611</guid>

					<description><![CDATA[Cloud-based ERP systems with integrated source-to-pay solutions offer organizations a way to manage their procurement operations and drive success in today's digitally transformed landscape.]]></description>
										<content:encoded><![CDATA[<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img fetchpriority="high" decoding="async" src="https://www.clouddatainsights.com/wp-content/uploads/2023/04/cloud-based-erp-Depositphotos_475602666_S.jpg" alt="" class="wp-image-2627" width="750" height="375" srcset="https://www.clouddatainsights.com/wp-content/uploads/2023/04/cloud-based-erp-Depositphotos_475602666_S.jpg 1000w, https://www.clouddatainsights.com/wp-content/uploads/2023/04/cloud-based-erp-Depositphotos_475602666_S-300x150.jpg 300w, https://www.clouddatainsights.com/wp-content/uploads/2023/04/cloud-based-erp-Depositphotos_475602666_S-768x384.jpg 768w" sizes="(max-width: 750px) 100vw, 750px" /><figcaption class="wp-element-caption"><em>Cloud-based ERP systems with integrated source-to-pay solutions offer organizations a way to manage their procurement operations and drive success in today&#8217;s digitally transformed landscape.</em></figcaption></figure></div>


<p>Companies struggling with complex procurement processes across multiple stores and suppliers may identify inefficient procurement processes are causing delays in product delivery, increased costs, and missed sales opportunities. So what&#8217;s a company to do? In today&#8217;s cloud-based world, they may decide to implement cloud-based ERP systems with integrated source-to-pay solutions to streamline their procurement operations and drive business success. </p>



<p>Cloud-based ERP systems with integrated source-to-pay solutions offer a powerful platform for organizations to manage their procurement operations and drive business success. In this blog, we&#8217;ll explore five ways cloud-based ERP systems with integrated source-to-pay solutions can streamline procurement and benefit organizations of all sizes and industries and examine what obstacles remain to deploying these solutions.</p>



<h2 class="wp-block-heading">Potential benefits </h2>



<p>So what can companies expect from a well thought out and strategically deployed ERP housed within the cloud? An improved and refined procurement process.</p>



<h3 class="wp-block-heading">Real-Time Visibility into Procurement Activities</h3>



<p>One of the key benefits of cloud-based ERP systems with integrated source-to-pay solutions is the ability to gain real-time visibility into procurement activities. With these solutions, organizations can monitor spending, manage suppliers, and optimize their purchasing decisions, all from a centralized platform. This level of visibility enables organizations to make data-driven decisions and quickly adapt to changes in the market.</p>



<h3 class="wp-block-heading">Enhanced Collaboration and Communication</h3>



<p>Cloud-based ERP systems with integrated source-to-pay solutions can also enhance collaboration and communication among procurement teams. These solutions enable teams to work together more effectively, regardless of location. With cloud-based ERP systems, teams can access procurement data and collaborate on tasks from anywhere with an internet connection, reducing the need for physical meetings and enabling faster decision-making.</p>



<h3 class="wp-block-heading">Faster Procurement Processes</h3>



<p>Cloud-based ERP systems with integrated source-to-pay solutions can significantly reduce the time it takes to complete procurement processes. These solutions can automate many of the manual tasks associated with procurement, such as purchase order creation and supplier onboarding, enabling procurement teams to focus on more strategic activities. Additionally, cloud-based ERP systems can provide real-time updates on procurement activities, enabling teams to identify and resolve any issues that may arise.</p>



<h3 class="wp-block-heading">Reduced Costs</h3>



<p>Cloud-based ERP systems with integrated source-to-pay solutions can help organizations reduce their procurement costs. These solutions can provide real-time visibility into spend, enabling organizations to identify areas where they can reduce costs and negotiate better deals with suppliers. Additionally, cloud-based ERP systems can automate many of the manual tasks associated with procurement, reducing the need for staff and enabling organizations to scale their procurement operations more efficiently.</p>



<h3 class="wp-block-heading">Improved Compliance and Risk Management</h3>



<p>Finally, cloud-based ERP systems with integrated source-to-pay solutions can improve compliance and risk management. These solutions can help organizations ensure that they are complying with relevant regulations and internal policies, reducing the risk of non-compliance penalties. Additionally, cloud-based ERP systems can provide real-time visibility into procurement activities, enabling organizations to identify and mitigate potential risks quickly.</p>



<h2 class="wp-block-heading">Cloud-based ERP has its own challenges</h2>



<p>Imagine a large multinational corporation with a complex supply chain that spans multiple countries and regions. The corporation has recently migrated its ERP system to the cloud to improve efficiency and reduce costs. However, during the migration, the organization encountered several procurement-related challenges.</p>



<p>Firstly, the organization discovered that its legacy procurement system was not fully compatible with the cloud-based ERP system, leading to data inconsistencies and manual workarounds. The procurement team had to spend additional time and resources to reconcile the data and ensure that the procurement processes were aligned with the new ERP system.</p>



<p>Secondly, the organization realized that the cloud-based ERP system had different security protocols than its on-premises system, which required additional security measures to be put in place to protect sensitive procurement data.</p>



<p>Finally, the procurement team discovered that some of the suppliers were not able to access the cloud-based procurement system due to connectivity issues or technical limitations. This led to delays in the procurement process and added complexity to supplier management.</p>



<p>These challenges demonstrate the potential complications that can arise when organizations migrate their ERP systems to the cloud and try to integrate procurement processes into the cloud environment. While cloud-based ERP systems can offer significant benefits for procurement, such as real-time visibility and enhanced collaboration, organizations must carefully plan and manage the migration to ensure that procurement operations are not disrupted and that data security and supplier management are properly addressed.</p>



<p>What should companies do about this?</p>



<p>To address the potential complications of procurement in the cloud era, companies should take the following steps:</p>



<ol class="wp-block-list">
<li>Assess their current procurement processes: Before migrating to a cloud-based ERP system, companies should assess their current procurement processes to identify areas of improvement and potential challenges. This assessment should include a review of existing procurement policies, procedures, and systems, as well as an analysis of current supply chain risks and security protocols.</li>



<li>Develop a procurement strategy for the cloud era: Companies should develop a procurement strategy that takes into account the unique challenges and opportunities of the cloud era. This strategy should outline how the company plans to leverage cloud-based ERP systems and integrated source-to-pay solutions to streamline procurement processes, reduce costs, and improve compliance and risk management.</li>



<li>Invest in the right technology and tools: To effectively manage procurement in the cloud era, companies need to invest in the right technology and tools. This may include cloud-based ERP systems, integrated source-to-pay solutions, and other procurement-related software, as well as cybersecurity tools and protocols to protect sensitive procurement data.</li>



<li>Develop robust supplier management processes: Given the global nature of supply chains and the potential connectivity issues that can arise when using cloud-based procurement systems, companies need to develop robust supplier management processes. This may include regular communication with suppliers, establishing backup plans for connectivity issues, and regularly assessing supplier performance and risk.</li>



<li>Provide training and support for procurement teams: Finally, companies should provide training and support for their procurement teams to ensure they are equipped with the skills and knowledge needed to manage procurement in the cloud era effectively. This may include training on the use of cloud-based ERP systems and integrated source-to-pay solutions, cybersecurity best practices, and supply chain risk management.</li>
</ol>



<p>Overall, companies that take a proactive approach to address the potential complications of procurement in the cloud era will be better positioned to leverage cloud-based ERP systems and integrated source-to-pay solutions to drive business success.</p>



<h2 class="wp-block-heading">Building better procurement in the cloud</h2>



<p>Cloud-based ERP systems with integrated source-to-pay solutions offer organizations a powerful platform to manage their procurement operations and drive success in a post-pandemic, digitally transformed landscape. These solutions can provide real-time visibility into procurement activities, enhance collaboration and communication, reduce procurement costs, and improve compliance and risk management. Organizations of all sizes and industries should consider implementing cloud-based ERP systems with integrated source-to-pay solutions to optimize their procurement operations and gain a competitive edge in the market.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"><img decoding="async" src="https://www.clouddatainsights.com/wp-content/uploads/2022/05/Elizabeth-Wallace-RTInsights-141x150-1.jpg" width="100"  height="100" alt="" itemprop="image"></div><div class="saboxplugin-authorname"><a href="https://www.clouddatainsights.com/author/elizabeth-wallace/" class="vcard author" rel="author"><span class="fn">Elizabeth Wallace</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><p>Elizabeth Wallace is a Nashville-based freelance writer with a soft spot for data science and AI and a background in linguistics. She spent 13 years teaching language in higher ed and now helps startups and other organizations explain &#8211; clearly &#8211; what it is they do.</p>
</div></div><div class="clearfix"></div></div></div>]]></content:encoded>
					
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		<post-id xmlns="com-wordpress:feed-additions:1">2611</post-id>	</item>
		<item>
		<title>Enterprise Cloud Challenges: What&#8217;s Most Pressing in 2023</title>
		<link>https://www.clouddatainsights.com/enterprise-cloud-challenges-whats-most-pressing-in-2023/</link>
					<comments>https://www.clouddatainsights.com/enterprise-cloud-challenges-whats-most-pressing-in-2023/#respond</comments>
		
		<dc:creator><![CDATA[Elizabeth Wallace]]></dc:creator>
		<pubDate>Tue, 28 Feb 2023 15:05:37 +0000</pubDate>
				<category><![CDATA[Cloud Strategy]]></category>
		<category><![CDATA[cloud costs]]></category>
		<category><![CDATA[cloud solutions]]></category>
		<category><![CDATA[enterprise cloud]]></category>
		<guid isPermaLink="false">https://www.clouddatainsights.com/?p=2298</guid>

					<description><![CDATA[Enterprise cloud challenges present obstacles to achieving meaningful ROI, but companies with a plan can succeed. Here's what's going on.]]></description>
										<content:encoded><![CDATA[<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" src="https://www.clouddatainsights.com/wp-content/uploads/2023/02/Depositphotos_527307110_S.jpg" alt="" class="wp-image-2299" width="750" height="500" srcset="https://www.clouddatainsights.com/wp-content/uploads/2023/02/Depositphotos_527307110_S.jpg 1000w, https://www.clouddatainsights.com/wp-content/uploads/2023/02/Depositphotos_527307110_S-300x200.jpg 300w, https://www.clouddatainsights.com/wp-content/uploads/2023/02/Depositphotos_527307110_S-768x512.jpg 768w, https://www.clouddatainsights.com/wp-content/uploads/2023/02/Depositphotos_527307110_S-930x620.jpg 930w" sizes="(max-width: 750px) 100vw, 750px" /><figcaption class="wp-element-caption"><em>The enterprise needs the cloud, but 2023 could bring changes in how companies approach cloud ecosystems.</em></figcaption></figure></div>


<p>Cloud computing is a central focus for companies in a post-pandemic world, mid-digital-transformation world. It’s allowing organizations to expand beyond what’s possible with on-premises systems, storing and processing massive data both centrally and at the edge. But as these systems become more complex, more challenges stand in the way of businesses and full cloud deployment. Here are the most pressing enterprise cloud challenges in 2023.</p>



<p><strong>See also:</strong> <a href="https://www.clouddatainsights.com/cloud-preparedness-for-enterprises-planning-eliminates-risk/" target="_blank" rel="noreferrer noopener">Cloud Preparedness for Enterprises: Planning Eliminates Risk</a></p>



<h3 class="wp-block-heading">Migration and integration</h3>



<p>Companies racking up technical debt by not worrying about integrating their legacy systems could find that 2023 is the year it comes due (if it hasn’t already.) However, moving legacy systems to the cloud can be time-consuming and highly complex.&nbsp;This creates significant enterprise cloud challenges as companies try to find the balance.</p>



<p>There are several unintended consequences. First, it might cause organizations to pause cloud evolution in favor of prioritizing cloud cost optimization. Many companies made the mistake of “too much too fast” in their cloud adoption strategy, leaving glaring gaps in integration and disappointing ROI at the end of the deployment. Retroactively fixing the issue will be difficult.</p>



<p>Since legacy systems have little potential for integration with new software, replacing them could be top of mind in the coming years. However, the financial investment—not to mention the cost—of these upgrades could cause companies to opt out. This only delays the problem.</p>



<p>Instead, organizations must begin to take different approaches to modernize legacy systems. Hybrid cloud operations could offer a middle ground, provided companies have the expertise to test that integration solutions work. Companies might also consider deploying new platforms custom-built to work with all data sources, such as a data operating system. And finally, modernizing legacy systems over time could help companies take advantage of what the cloud offers without shouldering a complete upheaval.</p>



<h3 class="wp-block-heading">Managing multi-cloud environments</h3>



<p>Companies often use multiple cloud providers, making it challenging to manage and maintain consistency in terms of security, performance, and cost. They introduce complexity in integration—a common repeating problem—as well as management. Companies need teams with the specialized skills and tools to ensure consistency in security and performance.&nbsp;</p>



<p>Multi-cloud also makes compliance and security difficult. Without complete visibility across the cloud ecosystem, companies risk accidentally introducing vulnerabilities because different providers have different policies in place for compliance and security. Managing a multi-cloud environment will require a comprehensive strategy and a well-coordinated approach to address these challenges.</p>



<p>Enterprises can manage security in a multi-cloud environment with the following practices:</p>



<ol class="nv-cv-m wp-block-list">
<li>Centralized security management: Enforces consistent policies, monitors activity, and responds to threats across the cloud ecosystem.</li>



<li>Identity and Access Management (IAM): Controls who can access sensitive data and applications in the cloud and includes tools such as multi-factor authentication, role-based access, and policy-based controls.</li>



<li>Encryption for data in transit and at-rest data: Protects all data from unauthorized access or theft, regardless of where it is stored in the cloud.</li>



<li>Threat detection and response: Real-time threat detection and response capabilities, such as security information and event management (SIEM) systems, to identify and respond to potential security threats.</li>



<li>Vendor management: Assessing the security posture of cloud providers and regularly monitoring their compliance with established security standards and policies. Regularly assessing and verifying the security posture of cloud platforms and services to ensure that security practices meet industry and government regulations.</li>



<li>Training: Regular training for employees on security best practices and conducting security awareness campaigns to promote a culture of security within the organization.</li>
</ol>



<p>Implementing these practices can help protect sensitive data in a multi-cloud environment, reducing the risk of data breaches and other security incidents.</p>



<h3 class="wp-block-heading">Cost-optimization</h3>



<p>Cost appears in the first section but bears repeating. Companies made big moves to the cloud to control the cost of big data processing but ended up with surprise costs that negated those efforts. Controlling and reducing the costs of cloud services while maximizing the benefits they offer is a major consideration as another year unfolds.</p>



<p>Enterprise cloud costs can be surprising for several reasons:</p>



<ul class="nv-cv-d nv-cv-m wp-block-list">
<li>Variable usage: Usage-based pricing can lead to unexpected costs if usage spikes or workloads are not correctly optimized.</li>



<li>Data storage: Storing large amounts of data in the cloud can lead to unexpected costs, particularly when the data is rarely accessed.</li>



<li>Data transfer: Transferring data in and out of the cloud can result in significant costs, especially if high bandwidth is required.</li>



<li>Hidden costs: Some cloud services include additional fees for monitoring, backup, and disaster recovery features. If companies don’t pay attention to the fine print, this can lead to unwanted surprises.</li>



<li>Contract terms: Cloud service providers may offer discounts for committing to long-term contracts, but these contracts can result in higher costs if the services are not used as intended.</li>



<li>Lack of cost visibility: Visibility into cloud costs can be limited, making it difficult for organizations to monitor and control spending.</li>
</ul>



<p>To avoid surprising costs, enterprises need to establish a cloud cost management strategy that includes monitoring usage, evaluating pricing and contract terms, and optimizing workloads for cost efficiency.</p>



<h3 class="wp-block-heading">Changes in the workforce </h3>



<p>One of the biggest challenges will lie in the very nature of work. Post-pandemic shifts to remote and distributed workforces plus skills shift further toward technological skills could present big obstacles to companies shaping a complete cloud strategy. However, companies that put people first will be able to find ways through it.</p>



<h4 class="wp-block-heading">Enterprises can overcome talent shortages by:</h4>



<ol class="nv-cv-d nv-cv-m wp-block-list">
<li>Upskill existing employees: Encourage current employees to expand their skill sets and acquire cloud-related knowledge and certification through training programs and online courses.</li>



<li>Hire from a diverse pool of candidates: Consider candidates from non-traditional backgrounds, including individuals from different educational and cultural backgrounds.</li>



<li>Partner with educational institutions: Collaborate with universities and technical schools to help create cloud computing programs and sponsor students interested in cloud careers.</li>



<li>Foster a culture of learning and development: Encourage employees to continue learning and developing their skills and provide opportunities for them to do so through on-the-job training and internal knowledge-sharing programs.</li>



<li>Work with cloud service providers: Utilize the expertise and resources of cloud service providers to help fill skill gaps and provide training and support to employees.</li>
</ol>



<h4 class="wp-block-heading">And to implement cloud computing that supports a distributed, remote workforce and its best potential:</h4>



<ol class="nv-cv-d nv-cv-m wp-block-list">
<li>Invest in cloud infrastructure and tools: Ensure that employees have access to the right cloud tools and platforms that enable secure and seamless collaboration, regardless of location.</li>



<li>Implement robust security measures: Ensure protection of sensitive data by implementing security protocols such as data encryption, two-factor authentication, and access control.</li>



<li>Foster a culture of communication and collaboration: Encourage regular communication and collaboration between remote employees by using digital tools like video conferencing and instant messaging.</li>



<li>Provide comprehensive training and support: Ensure remote employees have the skills and support to succeed in their roles by providing extensive training programs and ongoing support, not only in cloud processing but all professional growth. This&nbsp;<a target="_blank" href="https://www.forbes.com/sites/forbesbusinesscouncil/2022/07/01/five-reasons-offering-career-development-to-employees-benefits-companies/?sh=57b54e4de943" rel="noreferrer noopener">increases retention</a>&nbsp;and makes it more likely top candidates will choose a position with an organization.</li>



<li>Establish clear protocols and procedures: Clearly define roles and responsibilities, as well as protocols for decision-making, problem-solving, and communication within any and all cloud-related activities.</li>
</ol>



<p>Enterprises must understand cloud challenges before moving forward</p>



<p>Moving beyond theory and considering how the cloud will contribute to business value will allow companies to strategize effectively how to overcome enterprise cloud challenges and more . No matter what challenges happen in the world of cloud computing, the enterprise will continue to invest in cloud resources and deploy new initiatives, all in pursuit of optimization. The ones that succeed could win big.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"><img loading="lazy" decoding="async" src="https://www.clouddatainsights.com/wp-content/uploads/2022/05/Elizabeth-Wallace-RTInsights-141x150-1.jpg" width="100"  height="100" alt="" itemprop="image"></div><div class="saboxplugin-authorname"><a href="https://www.clouddatainsights.com/author/elizabeth-wallace/" class="vcard author" rel="author"><span class="fn">Elizabeth Wallace</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><p>Elizabeth Wallace is a Nashville-based freelance writer with a soft spot for data science and AI and a background in linguistics. She spent 13 years teaching language in higher ed and now helps startups and other organizations explain &#8211; clearly &#8211; what it is they do.</p>
</div></div><div class="clearfix"></div></div></div>]]></content:encoded>
					
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