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Use the Power of the Cloud On Your Terms

Updated: Jul 27, 2021

Microsoft Dynamics 365 Business Central cloud user

This is the fourth post in our five-part series “Five Tips to Boost Your Company’s Financial Health,” which is focused on the importance of utilizing a proven financial management system such as Microsoft Dynamics 365 Business Central to run a better business. We previously discussed how the right tools and access to the right information improves everyone’s performance, how you can make data work to make the most of your money and how tracking and managing cash-flow can help your business. This week we will focus on how to leverage modern technology to transform your business.

Use the Power of the Cloud On Your Terms

In every part of life and business, we’re becoming completely enveloped in the cloud. Data, systems and tools accessible through the web are becoming the norm, but what about the systems you use to manage your core business processes? How do you decide if it’s the right time to move your systems to the cloud? And does it have to be all or nothing?

First, let’s talk about the advantages of moving to the cloud—namely accessibility and savings. You can make it easier for the right employees to securely access financial systems and data from wherever they are. When you give your users this type of access, they always have all the info they need and their productivity goes up. Everybody wins.

When it comes to cost, the cloud offers real savings in your IT budget. You’ll spend less on software, security, and system maintenance, so you can use those resources elsewhere. You’ll reduce the burden on your IT staff, so you can get more out of the headcount you have. And it’s easier to stay up-to-date with the latest and greatest technology and tools.

But ultimately, your approach to the cloud boils down to comfort and choice. And Microsoft Dynamics 365 gives you both.

  • If you want to have Microsoft host your financial management system in the cloud, that’s great.

  • If you want to make just a portion of your solution available via the web, Microsoft Dynamics 365 Business Central has Team Member licenses, for example, that have mostly read-only access.

  • Or if you want to set up a “private cloud” that gives your team the ability to login to your financial management system through a personal, secure site that you own and manage, you can do that, too.

The savings and accessibility the cloud offers are real and worthy of an objective assessment. Read how historic manufacturer, Faribault Woolen Mill, revitalized their business with a cloud-based solution from Microsoft.

Next time, we’ll dive into using Microsoft ERP to stay compliant and reduce risk.

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