Larger organizations collect, store, manage and interpret data from all their business activities using their ERP - Enterprise Resource Planning software. But many IT departments are too stretched to keep their systems up to date and are looking for alternatives.
In a set of value engineering studies, 31 institutions compared the cost of running an in-house ERP against a subscription-based solution in the Cloud. The studies went even further and analyzed the value of disaster and security risk as well as downtime prevention. The savings they could realize ranged from 29 to 76 percent. One 700-employee, 64-bed hospital based in Minnesota identified half a million dollars that could be saved in a five-year period from reductions in hardware, infrastructure and resources by leveraging the cloud rather than upgrading on-premise.
SAVE International® is the premier international society devoted to the advancement and promotion of value engineering. VE benefits include decreasing costs, increasing profits, improving performance and improving quality.