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Benefits of Cloud Software | 5 Giant Benefits of Cloud Software Over On-Premises

Benefits of cloud software: Businesses of all sizes, geographies, and industries are turning to cloud services. According to a survey by RightScale, both public and private cloud adoption have increased in the last 3 years, leading many to adopt the use of cloud-based software. This post will show you why you should also go for cloud-based software. Believe me, you will hit the nail after going through these benefits of cloud software.

Let’s delve straight to the point…

Benefits of Cloud Software

5 key advantages of cloud-based software

#1: On-demand scalability

With the cloud, business divisions can collaborate on a common platform, allowing internal teams to rapidly create, test, and pilot their ideas. This affords businesses an expedited means to convert ideas into applications and quickly determine whether a pilot product or service is likely to be a success.

If so, the ability to get this product to market requires that the enterprise be able to price and bill for it as quickly and efficiently as possible. Cloud billing offers the enterprise greater on-demand scalability to act and react to market opportunities, including the ability to scale up or down as needed without costly investments in additional infrastructure and resources.

#2: Flexible pricing

Variability in how products and services are offered is key, especially as customers are increasingly demanding how they consume and pay for products and services. Innovation in pricing is dependent on flexible pricing structures that allow customers to change how they want to buy or use products and services with minimal intervention.

Flexible pricing is also key to determining how to best monetize new offerings in a rapidly growing and ever-competitive technology market.

#3: Improved customer relationships

Billing is at the intersection of the product and the customer and is often the only point at which the enterprise interacts with its customers on a regular basis. In an increasingly competitive environment, customer service is an important differentiator, and that means the ability to provide customers with timely, accurate, and transparent invoicing is absolutely essential.

While this point may seem obvious, the reality is that billing errors are both commonplace and costly, both in financial and reputational terms. Cloud billing reduces error-prone manual processes through automation and provides customers with real-time access to their service terms and usage as well as detailed and itemized invoices.

#4: seamless integration and improved operational processes

Instead of spending hours poring over spreadsheets, billing automation enables finance and accounting departments to reduce their manual workloads and the likelihood of errors. For IT, cloud billing offers a solution to workaround-intensive software and hardware upgrades to on-premise ERP systems.

The right cloud billing solution will allow for easy integration with existing systems while accounting for organizational growth and business expansion, leaving IT departments with the ability to focus a greater portion of their workloads on the core business.

#5: Improved business insight and reporting

In the era of big data, there is no platform more suited to capitalizing on data than the cloud. As companies continue to build cloud-based systems-of-record for operational data, market leaders will use this data for greater insight into learning who is accessing services, what services are most used, and the opportunities the enterprise can capitalize on.

Cloud-based systems offer an in-depth and consolidated view of the information gleaned from this data. The benefits of cloud software are endless. Read more about cloud computing here.