Learn how investing in integrated best-of-breed software systems provides an optimal investment path in today’s cloud-dominated software environment.Today’s businesses are faced with a decade’s old question: Should I invest in one broad enterprise management suite or integrate several deep industry “best-of-breed” solutions to meet my business needs? While the breadth vs. depth debate used to have strong pros and cons on either side, the emergence and acceptance of cloud software has virtually eliminated past advantages of the “suite” solution. Because of the cloud, the pendulum has swung to the best-of-breed option and given businesses dozens of reasons to integrate several software systems to meet each of their functional business needs. In field service, for example, businesses need specialized field service software integrated to their legacy ERP investment to differentiate themselves from the competition and meet their customers’ growing demands. Having the best technology for every step of the business process is the only way to stand out today.
Why Cloud Encourages Best-of-Breed Business Software AdoptionBefore we dive into the case for best-of-breed software investments, let’s take a look at how the maturation of cloud has laid the groundwork that is allowing best-of-breed systems to thrive today. In other words, cloud has become the prime enabler for best-of-breed. Here’s why:
1. Affordability: Cloud investments not only have little to no up-front costs during installation since the servers aren’t installed on-site, cloud, or software as a service (SaaS), business models offer pay-as-you-go plans, which makes cash flow management and planning much easier.
2. No in-house IT costs: Once cloud software is set up and installed, companies don’t have to support cloud-based systems in house, which frees IT teams to focus on other projects.
3. Faster Deployment and Easier Integration: Deployments in the cloud can be done in days or weeks so business can start reaping results sooner. Cloud-to-cloud integrations are also simpler since it’s easier to scale to your business needs, add more users, integrate more systems, and offer more software updates.
4. Immediate Updates: It can be difficult, inconvenient, or costly to update software on-premises, so many businesses choose to run on an outdated system rather than go through the hassle of upgrading. Cloud solutions continually push new advancements so you’re always using the latest, most advanced versions of the software.
5. Stronger Security: Cloud servers are protected by failover capabilities, so if one server goes down, you get automatic failover between hardware platforms and disaster recovery services to bring up your server set in a separate data center so you don’t risk losing any data or experiencing system downtime.