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Economics of Cloud Financial Software


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Copyright 2013 TechVentive, Inc., All Rights Reserved - Unauthorized reproduction, storage, transmission or quotation strictly prohibited. 1 Economics of Cloud Financial Software Executive Summary Software purchases are generally expensive and critical to the continued operation of your business. Careful investigation of the options your company has is not only prudent, it could save your firm considerable money. There are many kinds of financial application solutions out there today - from older, traditional on- premises solutions to newer cloud-based products and many others in between. These products possess a wide variety of functions, features, and equally importantly, cost. Yet, there exists a fair degree of market confusion about the relative costs and benefits that different software deployment models bring to financial accounting customers. In reviewing the different software deployment options and the economics of the vendors that offer them, we concluded that multi-tenant SaaS solutions often have substantial advantages. These advantages include: - Greater research and development (R&D) spend efficiency. - More frequent functional improvements to the product. - Lower support costs for the vendor and the customer. - Lower cost testing and debugging environment for the vendor and customer. Software buyers need to compare more than functions and features. They also need to evaluate the underlying economics of different deployment options and choose the solutions that deliver the best value over the long haul. Inside: - Executive Summary - Different Deployment Methods - Core Multi-tenancy Advantage - Where Does the Money Go? - Additional Considerations

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