Hybrid Cloud Solutions

The Financial Impact of Migrating to the Cloud

June 3, 2023 | By Ryan Felkel

We trust you’ve heard by now that cloud migration is the future, or should we say the present, of business data. 90% of companies are already on the cloud, and navigating away from an on-premise infrastructure has become a top initiative for companies worldwide to keep up with security efforts, technological advancements, and customer demand.

There are so many reasons someone working directly with company data or IT, in general, would see the value of migrating to the cloud, including agility, scalability, and compliance. But your CFO has priorities that need their focus. To make your case for the cloud, showcase these organizational benefits that your CFO will love.

Cloud Migration Increases Profitability

It’s that straightforward. Migrating to the cloud will almost certainly save your company money over time. When you free yourself from the on-premise model of the traditional data center, you open up to possibilities for scalability and resources to support new business. With the cloud, you have room to expand operations to meet your changing customer needs and adjust to new markets. Through growth, the ability to quickly respond to increased demand without significant overhauls of processes and data is absolutely crucial.

In order to see the full benefit of the cloud, you need cost optimization on an ongoing basis, which is where cloud operations shine. The Opti9 CloudOps offerings include everything you need to keep or move your business into the cloud, manage your compute storage and networking, and optimize your infrastructure. Our cloud experts will build a future-state cloud adoption model and get you there.

Increased profitability will also come to fruition from a shift in focus. With your data backed up to the cloud, your in-house IT and development teams suddenly have time to focus on initiatives that directly impact business and your bottom line rather than being preoccupied with data management.

What’s the cost of moving (or not moving) to the cloud? Find out the financial impact of cloud migration from @Opti9tech: Click to Tweet

Improved Financial Visibility

When a company migrates to the cloud, all of its financial data is automatically uploaded and stored in the cloud. This makes it easy for managers to access and analyze financial data quickly and easily, so they can make better decisions about where to allocate resources and how to grow the business.

Most on-premise software uses batch processing to keep up with transactions. In cloud-based applications, transactions propagate in the system as soon as they are entered. This means better visibility and reporting providing an increased ability to improve processes and spot problems in workflows.

Eliminate Costly Upgrades & Infrastructure

Most organizations need to upgrade their applications every few years to stay current with their vendors’ latest releases. This means new costs in software, downtime, and team training.

For some companies, upgrading on-premise servers is a repeat headache that the entire company dreads as it can slow business or halt it completely. With the cloud, your cloud provider takes over these updates and rolls them out without issue. You and your team no longer have to waste time maintaining them yourself and tempering your team’s frustrations. This leaves IT departments to focus on innovation that can bring in new cash flows.

Is moving to the cloud the smartest choice from a financial perspective? Check out the financial impact of migration in the latest from @Opti9Tech :Click to Tweet

Cost-Effective Migration is Possible

Even as most companies find their way to the cloud, some are reluctant due to cost. But migration doesn’t have to be costly. One surefire way to make your data migration smooth and free from extraneous spending is by leaning on an advanced consulting partner.

You can increase efficiency while decreasing what you spend. Opti9’s Cost Optimizer solution uses the latest tools and technologies to improve performance and reduce your spending. How?

  • Leverages the Latest Technologies
  • Analyzes All Available Resources
  • Manages Reserved Instances (RI’s) to Conserve Spend
  • Provides Strategic Cost-Reduction With No Loss in Efficiency

 

AWS Partners also have access to various AWS funding vehicles to offset the upfront costs associated with migration.

Streamline Migration With an Advanced Consulting Partner

A lengthy, mistake-ridden process leads to more issues down the road, especially when it comes to your bottom line. With an advanced consulting partner like Opti9, you can leverage years of cloud migration experience in many industries. We lean on our own best practices that guarantee successful and cost-effective migration.

We create a migration strategy by evaluating and planning with an in-depth assessment of your current systems and help you plan for your migration. We then identify the best systems for your on-premise situation, build the proper foundation, migrate your data, and subsequently optimize and manage without disruption — all with your budget in mind.

Ready for the cloud? Start saving with your cloud migration today.