Best Practice Considerations | By Daniel Druker, Intacct
Seeking a New Model
For an increasing number of companies, the tremendous cost and resource requirements of owning and operating on-premises software are a burden they are no longer willing to bear. The headache of licensing, installing and deploying core business applications are only the start. Costs multiply with the ongoing expense of operating the system over time. Add in the challenges of upgrading software, patching operating systems, managing licenses and users, monitoring data security and disaster recovery and you begin to get the magnitude of commitment – and expense – required. Just as daunting is securing approval for such major upfront capital investments for projects which normally have a very high failure rate. To make matters worse, none of this is strategic – for the vast majority of companies, there is simply no economic value added in running your own business applications – it just distracts from your core business objectives.
