35 Questions Every CFO Needs to Ask about ERP Software in the Cloud

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Cloud.  It’s a hot topic.  There’s a lot of chatter out there in the blogosphere, and white papers galore, including one that we here at Altico Advisors contributed to as a participating member of the ERP Software Blog:  ”35 Questions Every CFO Needs to Ask about ERP Software in the Cloud.”  It’s a great white paper, if we do say so ourselves.  But it’s 20 pages long and not everyone has the time or inclination to read it all.

So if you like summaries, as I do, I’m just saving you the legwork by providing a page by page summary.  You can flip to the page or pages that would be of the most
interest to you and skip the rest! Perhaps you’ll end up being so engrossed that you read the whole thing.  Up to you.

Here’s a list of the questions and the page numbers where you’ll find the answers.

Page 5
1-What is cloud computing?
2-What is IaaS?
3-What is PaaS?
4-What is hosting?

Page 6
5-What is SaaS?
6-What is virtualization?
7-What is an MSP?

Page 7
8-What are the cost savings associated with moving ERP to the cloud?
9-How will cloud services affect the internal IT team?
10-How does a cloud ERP solution improve the ability to scale?
11-Will my data be more secure in the cloud?

Page 8
12-Is cloud ERP an effective business continuity strategy?
13-Will we be able to get all the reports we need from a cloud based ERP system?
14-Will cloud ERP work with Office and Outlook in the cloud?

Page 9
15-As a startup, is a cloud ERP system more than we need?
16-Will company divisions in other countries be able to use the same ERP system?
17-Will employees working from home be able to access the system?
18-Will our IT team still need to upgrade the ERP application?
19-Does the cloud provide an opportunity to re-architect our system?

Page 10
20-Will we still be able to get help from our business consulting partners?

Page 11
21-Will our data be secure from access by outsiders?

Page 12
22-Will we still own our data?
23-What should I look for in an ERP cloud provider?
24-What if circumstances change and we want to bring ERP back in-house?
25-Will a cloud based ERP system be able to integrate with the other line of business applications that we use?
26-Will the ERP system response time be as fast as it is on-premises?

Page 13
27-What if our internet connection goes down?
28-What if the cloud provider’s internet connection goes down?
29-Will our ISV solutions work with cloud based ERP?

Page 14
30-What is SAS 70?
31-Can we be Sarbanes-Oxley compliant with an ERP system in the cloud?
32-Is cloud based ERP a good choice if we are thinking about going public someday?

Page 15
33-What options do I have in licensing ERP software in the cloud?
34-Is the yearly maintenance included in the price?
35-What support services should I expect to receive as part of an ERP subscription?

Wow!  Even the summary is 2 pages long.  But that’s still only 10% as long as the white paper.  Here’s the link to the cloud white paper.  And here’s the link to the Altico Advisors Microsoft Dynamics GP cloud page.

I hope this is helpful.

 By Karen Jernstrom, Altico Advisors, Microsoft Dynamics GP Partner for Manufacturing and Distribution serving New Hampshire (NH)

2 thoughts on “35 Questions Every CFO Needs to Ask about ERP Software in the Cloud”

  1. Yet another "publication" written from the pretentious attitude of the typical bean-counter that only further devalues the importance of IT to an organization. Not all IT professionals are narrow-minded, stubborn, and easily replaceable as this paper seems to suggest. Nonsense like this only further polarizes IT and Finance, which is not a healthy scenario in a successful organization.

  2. Thanks, it´s a useful addiction to an already interesting document (I haven´t read it yet but I am planning to do it very soon). Just one question though: would it not have been easier to include the summary in the paper too? Just right at the beginning, you know.

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