Financial Benefits of Cloud Computing

Cloud solutions inherently provide countless benefits for businesses. They allow your company to focus on the most important objective: increasing profit.

Finding ways to cut down on costs is something all businesses look for. Well, look no further. Cloud computing offers numerous financial benefits to your business. It provides major savings, better IT services and higher levels of reliability and productivity. Cloud users are pointing to cost savings as a major cloud benefit, and most agree that cloud services have also helped them boost profits. Additionally, many organizations are reinvesting their savings back into the business to continue improving.

Here are some of the financial benefits of cloud computing:

Greater Cost Agility

Cloud computing scalability allows expenses to adjust as needed. If your demand for services goes up or down, so will your cloud costs. RapidScale’s cloud solutions allow you to pay as you go according to your business needs – that’s the cloud model. It offers you the opportunity to scale up or down in your time frame, based on your needs. Traditionally, organizations often overspend or underspend because they’re forced to predict their needs ahead of time. The cloud’s cost agility fixes this problem. Better yet, as you implement cloud, your employees are no longer chained to their desks. Their business information or applications can be accessed virtually on their own device! This can cut down the cost of businesses providing hardware for employees.

Amplified Productivity with Reduction of IT Management

Stop investing so much in IT management. When your IT team has to constantly maintain on-site servers, it wastes valuable time, focus, and yes, money! Productivity can be improved in the cloud environment, and this ultimately leads to profitability. The cloud frees up your IT team to focus on strategic business tasks and lowers maintenance costs for your business. Since the cloud resources are accessed virtually, a business receives management and maintenance benefits automatically because that’s all taken care of by RapidScale. More than half of businesses that have moved to the cloud said that it reduced the need of their IT team to maintain infrastructure, and this has given them more time to work on strategic tasks and innovation.

Decreased Hardware Costs

On-site hardware is in constant need of maintenance, replacement, and updates. With physical hardware also comes power, cooling and space costs. By moving to the cloud, you replace your on-site hardware with virtual cloud resources, which eliminates a lot of spending and time on your end and gives you access to the latest technology – not to mention that you also lower chances of being affected by disasters or failures that could affect your location. Infrastructure cost reduction is one of the top five benefits of cloud adoption for nearly 75% of IT professionals.

Operational Expenditure

Eliminating hardware and moving into the cloud lowers the need to administer, maintain and upgrade traditional technology, which moves you away from a capital expenditure model into an operational expenditure one. As we described above, the cloud uses a pay-as-you-go model, which is similar to how you’d pay for your water or electricity – your monthly costs are based on your needs. Moving to OpEx gives you the opportunity to free up cash that can be concentrated in other parts of your business.

Benefit from cloud computing by lowering costs, scaling as needed, and producing higher levels of productivity and profitability. Cloud computing is a proven innovative tool that saves businesses money today. 88% of cloud users point to cost savings as a cloud benefit, and with the right cloud solution, you can be among them too!