How Cloud Computing Frees Up Funds for Your Business

From the perspective of a business owner, spending money on technology is an investment that one hopes to see a return on (ROI). After the initial investment is returned, then all funds generated by the technology are sweet profit--which is the driving goal for every business. One technology that’s the most capable of driving profits for business is cloud computing.

The potential for cloud computing to drive profits makes it a valuable business tool. One of the biggest ways that cloud computing drives value is by freeing up the time and expense associated with hosting and maintaining an IT infrastructure. By outsourcing your company’s IT needs to the cloud, you will no longer have to concern yourself with managing IT maintenances, or worry about getting hit with a surprise bill from an unexpected server crash. You can then divert the resources previously spent to maintain your in-house IT systems to other business ventures that generate revenue (we’re sure that you’ve got a few in mind).

Upon implementing cloud computing for your business, one of the most immediate ways that you will see value is in regards to the accounting side of your operation. When you have to purchase and maintain your own IT equipment, the money spent on this is categorized as a capital expenditure--and we all know how capital expenditures are notorious for decreasing in value. However, cloud computing is an outsourced service that you’re regularly billed for, making IT an operating expense--thus, freeing up a significant amount of capital for your business. Therefore, not only does cloud computing provide your business with a dependable IT service, it also frees up money, making it a very easy way to add value to your organization.

Cloud computing for business is growing rapidly as more organizations are adopting it and enjoying a windfall of funds that they can use to invest back into their company. A large-scale example of this is Whirlpool, which recently transferred 30,000 employees from using on-premise IBM Lotus Notes system to the cloud-based Google Apps productivity suite. Whirlpool Global CIO Michael Heim says the move just makes sense:

At the end of the day, the capabilities and economics around the cloud computing model are so compelling that when you artificially try to not take advantage of them you impact your ability to compete, because others will take advantage of them.

With more companies participating in the cloud computing trend, Forrester estimates that public cloud offerings that exited 2013 with $58 billion in revenue will nearly quadruple over the rest of the decade as companies start to replace their current IT systems with cloud-based systems. This kind of projected growth means that, sooner than later, Software as a Service offerings will be utilized by the majority of businesses worldwide for the purpose of enhancing daily operations.

One of the most attractive features of cloud computing is that it’s scalable to meet the needs of your organization. In fact, several businesses are choosing to implement a model of cloud computing where they keep some of their favorite in-house IT services in place while outsourcing others to the cloud. This popular cloud computing model is known as the hybrid cloud and Preferred can take the time to review your company’s computing needs in order to implement a cloud computing model that works best for your business.

Start generating additional revenue for your business with a comprehensive cloud computing solution from Preferred. Call us today at 708-781-7110 to schedule your free IT consultation.