Cloud computing has received widespread fame and acceptance from industry leaders. Cloud computing encompasses three delivery models: SaaS (Software-as-a-Service), IaaS (Infrastructure as a Service), and PaaS (Platform as a Service). These cloud delivery models have become famous and mainstream and are being opted for by many organizations. However, when it comes to managing ERP applications, huge investments are required not only to implement but also to host and manage them.
It has become increasingly challenging for the CFOs to manage the capital budget requirement of the on-premise ERP applications. At the same time, the operational budget is also complex to keep up with since IT leaders are expected to do more with less. For this reason, the IT leadership must find innovative ways to earn the best ROI from the investment made in the present PeopleSoft applications purchases, hosting, hardware, and much more. These challenges make it imperative that migrating the PeopleSoft application to the Cloud Infrastructure is the best solution.
The following are five reasons why migrating the PeopleSoft application to the cloud is a wise business decision:
Efficiencies
If you move the PeopleSoft services to the cloud infrastructure, operational efficiency will significantly increase. Cloud technology enables better turnaround times, accurate service levels, and internal and external communications. Several organizations face real-time challenges while monitoring their IT resources, performance, and maintenance requests. Cloud services address many of these concerns. Several tools can help organizations automate monitoring and track service requests accurately and efficiently.
Financial savings
Many PeopleSoft customers are realizing the benefits of migrating PeopleSoft applications to the cloud environment. Some benefits include reduced risk, minimal manual efforts and time, and reduced operational expenses. Reduced expenses are one of the primary reasons why people are opting to move their on-premise applications to the cloud infrastructure. With the help of Cloud services, there is not only optimal use of the resources but there can also a reduction in the expenses incurred for the use of electricity for cooling down massive data centers, server rooms, rent of the physical office space, physical security, and reduced staff requirement to manage on-premise servers.
Innovative Technologies
When organizations move their on-premise workloads to the cloud, PeopleSoft services can be easily integrated with cutting-edge and innovative technologies like social collaborations, real-time reporting, updates, patches, and business analytics. Other third-party SaaS business applications, like Service Now, Jira, Kronos, etc., can also be integrated seamlessly.
Scalability
With the help of scalability, organizations can either expand horizontally or vertically, depending on the business usage and traffic. PeopleSoft is a heavily used enterprise application whose usage can peak during specific time frames and overburden resources. For example, during monthly financial close cycles, several processes run simultaneously, processing millions of rows of data. Moving PeopleSoft to the cloud infrastructure enables scaling up / down process scheduler servers depending on the traffic and failover mechanism.
Compliance
Cloud Service fulfills several compliance requirements,
Payment Card Industry: The PCI Security Standards Council offers robust, comprehensive standards and supporting materials to enhance data security.
Healthcare:The Health Insurance Portability and Accountability Act of 1996 (HIPAA) has provisions to improve the efficiency and effectiveness of the healthcare system. These provisions require the US Department of Health & Human Services (HHS) to adopt national standards for electronic healthcare transactions, code sets, unique health identifiers, and security. US Congress has incorporated HIPAA provisions that mandate adopting federal privacy protections for individually identifiable health information.
Sarbanes-Oxley Act of 2002: The Sarbanes-Oxley Act of 2002, more commonly called Sarbanes-Oxley, Sarbox, or SOX, is a United States federal law that sets new or expanded requirements for all US public company boards, management, and public accounting firms. Many provisions of the Act also apply to privately held companies.
GDPR: The General Data Protection Regulation (GDPR) is a regulation by which the European Parliament intends to strengthen and unify data protection for all individuals within the European Union (EU). It also addresses the export of personal data outside the EU. The GDPR aims primarily to give citizens and residents back control over their personal data and to simplify the regulatory environment for international business by unifying the regulation within the EU.
FAQs
Why should organizations consider migrating their PeopleSoft applications to the cloud? Migrating PeopleSoft to the cloud offers significant advantages, primarily driven by increased operational efficiency, cost savings, access to innovative technologies, improved scalability, and adherence to critical compliance standards. On-premise ERP systems require considerable capital for implementation, hosting, and management, which is difficult for CFOs to manage. Cloud-based systems alleviate this financial burden.
How does moving PeopleSoft to the cloud improve operational efficiency? Cloud technology streamlines operations through better turnaround times, accurate service level management, and streamlined communication. It also provides tools for automated monitoring of IT resources, performance tracking, and efficient handling of service requests, which helps organizations manage their resources effectively and proactively address performance issues.
What financial benefits can organizations expect from a cloud migration of PeopleSoft? Moving to the cloud can lead to significant financial savings by reducing the risk, manual effort, time, and operational costs. It optimizes resource utilization and lowers expenses associated with on-premises infrastructure. Specifically, this includes reducing costs related to power consumption for cooling data centers, server room rent, physical office space, and physical security, as well as minimizing staff needed to manage on-premise servers.
What technological advancements are enabled by migrating PeopleSoft to the cloud? Migrating PeopleSoft to the cloud enables integration with cutting-edge technologies like real-time reporting, social collaborations, and business analytics, as well as seamless integration with third-party SaaS applications like ServiceNow, Jira, and Kronos. This modernization of systems allows for faster and more flexible data access and enhances organizational communication.
How does cloud migration improve PeopleSoft's scalability? Cloud infrastructure allows for scaling resources both horizontally and vertically to meet fluctuating demands. PeopleSoft's heavy usage can experience peaks, and the cloud infrastructure allows for dynamic adjustment of resources, such as process scheduler servers, based on demand. This also includes implementing failover mechanisms for more reliable operations.
Ready to move your PeopleSoft applications to the cloud? Contact us today!
About SMACT Works
SMACT Works is a technology-focused systems integrator and IT/ERP consulting firm. We deliver end-to-end consulting, managed, and implementation services for Oracle Cloud Applications, IaaS & PaaS, On-Premise PeopleSoft & EBS Applications. Headquartered in Dublin, OH, we have a global presence with North America and Asia offices. We are an Oracle Gold Partner Cloud Standard, ISO 9001, and 27001 certified delivery organization serving customers with Excellence and Integrity.
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