The benefits of specialist hosting for legacy finance systems

The future is in the cloud. On-premises solutions that limit your scaling and tie you to the past are not a sustainable option. When you make that move, you have a decision to make - vendor hosting, or specialist hosting. Vendor hosting still relies on a small-scale, in-house mainframe approach. At OneAdvanced, we work with market leaders in cloud services, providing those capabilities to our customers through our software as a service approach. This is how we're providing clear benefits, by leveraging the advantages of working with a specialist partner.

Specialists in security

A modern cloud provider provides you with peace of mind, ensuring that your organisation is protected from many of the cyberthreats that affect limited cloud systems. By working with a global leader like Amazon Web Services (AWS), we benefit from their experience, expertise and innovative security solutions. Their world-class security allows our customers to know that their data is safe both in transfer and at rest.

They have also supported us to implement our own innovative security capabilities. Multi-factor authentication is a key tool in modern cybersecurity practice (MFA), providing an extra layer of security to users. Using a hosted cloud-based solution, we have been able to implement MFA capabilities that integrate seamlessly with our solutions.

It's important to remember, however, that MFA fatigue can be a key vector for attack by cybercriminals. By working in a unified cloud environment, we have been able to implement a secure single sign-on (SSO) system. This kind of capability can help you to ensure best practice for your team's security.

Specialists in scale

When we think about scale, we need to think about the long term. That means working with solutions that will remain connected, ensuring that your capabilities are evergreen. Working with specialists in cloud hosting, you can rely on your software to stay online as long as you rely on them. A high-quality and reliable specialist hosting service can keep up with your growth, spinning up a new system to meet your new needs in mere minutes.

Working with a global provider, our partners' systems are globally compliant, allowing our customers to access new markets and work with international partners. Meanwhile, the cloud services we rely on are designed to work globally, with capabilities to connect across borders. This allows our customers to grow and scale with the tools they need to make that growth sustainable and reliable.

Specialists in compliance

That kind of global compliance is built on a close and long-lasting connection with governing bodies around the world. You can be sure that your provider will be reliable and compliant because a global leader can provide you with an international standard of compliance. We benefit from working with a cloud partner that meets the highest standards in the world to maintain global compliance.

A large (and well-funded) provider like AWS has the ability to stay up to date, especially in a rapidly evolving tech landscape. Modern regulations are constantly evolving, and it can be a challenge to stay up to date with the changes around us. But we work with our partners to continuously innovate, making updates quick to market and staying ahead of the curve as standards for compliance change.

Specialists in innovation

That kind of innovation is key. That ability to rapidly evolve to meet modern challenges is key to your success, and it's only possible with a modern, innovative and adaptable solution. Those are the key attributes of a specialist cloud hosting service provider.

A modern cloud-based system also allows you to make the most of innovation. A fully connected system can integrate new data that fuels your innovation, including powering large language models and machine learning algorithms that are vital to artificial intelligence capabilities. This can be achieved through optimised API capabilities and can only be stifled by being tied into a database system that doesn't connect to your systems efficiently.

That kind of connectivity is vital for modern businesses, and there is a cost to going without. Paying for legacy support services, running the risk of a critical security failure, or the money sink of an on-site server room are all ways that your organisation could be losing out. It's time to do something. While there is a cost to transitioning to a more modern software provider, that cost goes up with time, not down. Every day you wait, that bill is going to grow, while the costs of being stuck with a legacy system aren't going away.

But you don't have to pay the cost of doing nothing. Get in touch with one of our advisors today to learn how we can support you through this vital transition.