Moving to the cloud brings with it many advantages – faster implementation, greater agility and scalability – but organizations often don’t make the transition because of their concerns about cloud computing compliance.
But moving to a cloud ERP solution doesn’t mean you’re sacrificing security. From HIPAA and Sarbanes-Oxley to reporting and tax compliance, cloud computing solutions are just as secure as on-premises options.
Before you make the decision to move to the cloud, here’s what you need to consider.
Which Cloud Is Right For You?
A cloud solution’s degree of compliance starts with where it’s hosted. You have the option of a private or public cloud. A private cloud is used solely for your company. You set up the cloud, and the responsibility falls on you to set up and maintain compliance standards. This puts more control – and more responsibility – into your hands. Having a team with the time and knowledge to maintain the cloud and its level of compliance is key before choosing a private cloud.
Companies that choose a public cloud, such as Microsoft Azure, benefit from having the provider set up and maintain compliance standards. This option frees your company from those obligations, but you have less control than you would with a private cloud.
Who’s Responsible For Maintaining Cloud Computing Compliance?
When working with a public cloud option like Microsoft Azure, the provider will audit the platform, but it’s the customer’s responsibility to request those reports.
For private clouds, the responsibility for maintaining compliance falls on the company. The organization is solely responsible for setting up, maintaining and auditing compliance.
Why Staying Compliant Improves Your Business
Creating and being able to prove your business is compliant not only protects you from potential fines, it can actually improve your business.
By not only maintaining but also being able to prove your PCI compliance, you make your business an attractive partner for major companies. Many companies won’t even consider working with a business until it demonstrates its PCI or Sarbanes-Oxley compliance.
This also applies to your direct customers. After the Target customer data breach, which affected 40 million credit and debit card accounts, and the Home Depot customer data breach, which affected 56 million credit card accounts, buyers are more concerned than ever about PCI compliance. Showing that you protect customer data is a key step in getting and keeping your customers.
How Do I Ensure Compliance Across My Business?
For Full Story, Please click here: Cloud Computing Solutions: How To Manage Compliance Challenges