By Paul Hoch
June 5th, 2017
Moving EPM applications to the Cloud is the most significant market direction to date. The reality is that finance and IT teams don’t move as fast as the applications, which means companies need a solution that accommodates a mix of on-premise and Cloud EPM applications (Hybrid Cloud). That solution is Hybrid Cloud.
Taking a Hybrid Cloud approach offers companies some immediate high-level benefits:
- The ability to intermix on-premise and Cloud infrastructures and leverage the best of what both have to offer.
- Enhanced agility to move seamlessly between the on-premise and Cloud, allowing companies to determine the fastest and most efficient place to work with their applications.
- Ability to bridge the gap between old and new systems, bringing significant CAPEX and OPEX savings to businesses.
On a day-to-day basis, companies have the flexibility to take advantage of rapid deployment of new planning and reporting applications, elimination of error-prone spreadsheets, reduction in planning and reporting cycle time, increased accuracy of divisional plans and forecasts, integration and alignment with corporate EPM applications all WITHOUT an up-front investment in hardware, a big up-front license fee or high levels of on-going maintenance, and IT involvement.
The Hybrid Cloud approach is not without its challenges. The independent market research report by Dynamic Markets details interviews with 1,355 senior decision makers from businesses globally. Respondents were selected from a wide range of business functions including R&D, Sales/Commerce/E-commerce, Marketing, CRM, Finance, and HR. Highlights of the report include—
- The single biggest source of failure is the lack of coordination and planning around the integration of cloud applications.
- 54% of the respondents reported downtime in the last six months due to issues with cloud integration.
- 54% have missed deadlines and 75% have lost the ability to innovate, which undermines the reason for deploying cloud applications.
These are just a few of the reasons why companies find themselves asking: “What is the right the right approach and how do I make sure all my applications are seamlessly integrated?”
In their session, Hybrid Cloud – A Solution to a Business Problem, Paul Hoch and Steve Davis, TopDown Consulting Principal Architects, will answer this question. They will discuss—
- How Cloud offers compelling value to EPM owners—e.g., beyond the obvious economic benefits
- How to successfully do a Hybrid implementation—i.e., strategy for companies to combine on-premise and Cloud-based EPM systems
- Review implementation considerations to ensure a powerful “hybrid” deployment
- Integration and how it is critical to success
- Common pitfalls and how to avoid them
- Common scenarios where there is synergy for a “hybrid” deployment
- Real-world examples of companies that are using a Hybrid approach—what’s working and what isn’t
- And more…
Want to find out more? Check out this recorded webcast, Hybrid Cloud – A Solution for a Business Problem, for a robust discussion of Hybrid Cloud.
TopDown’s experts presented all of their Kscope17 during our Kscope17 Encore Series. We covered the gamut of topics. You can find all the recordings here.
Handling Textual Data in Planning and Essbase—A Starbucks Case Study – Juan Porter and Rhonda Brigham, Starbucks