There are many reasons that companies choose best of breed/best in class software, but one of the most prevalent reasons that companies choose this type of software is because of its nature allows an organization to pick the software that works for them—rather than being tied into a one size fits all suite that, in reality, is one size fits none.
The Suites Less Sweet
How Best in Class/Best of Breed Applications Empower Modern Finance
In one of our most popular blogs, The Suite Less Sweet, why Best in Class is Truly Modern, we explored the longstanding battle between suites and best in class applications, examining the trends that pushed businesses to choose suites in the 80s and early 00s, and how recent innovations allowed best in class applications to retake control of the conversation.
We explored how these applications enhance productivity by leveraging integrations more efficiently than ever and empowering departments to choose what they needed, knowing that it will work with other applications.
Less Coding and More Productivity
We recently added to this conversation by exploring the trend toward “low code applications” and how they empower finance teams with little coding skills to build and manage reports without the help of internal or costly ongoing external consulting.
We discussed this further, sharing how the API Economy is making connections easier than ever for organizations, exploring one nonprofit’s journey away from hard-coded applications to user-friendly point-and-click integrations.
Tackling a Problem in the Cloud(s): MultiCloud Mobility
Today, however, we would like to look into a challenge that organizations face any time they run two different applications in the cloud—MultiCloud Mobility.
MultiCloud Mobility is a challenge that manifests itself for all companies that move business processes to the cloud. Whether you choose a suite or a best in class application, it’s a fact that neither will have everything you need. But before understanding what MultiCloud Mobility Is, you first must understand the terms Multicloud and Mobility.
What Does It Mean to Be MultiCloud?
MultiCloud, put simply, is the use of more than one cloud environment to satisfy business requirements.
Used as part of a risk mitigation strategy, a diversification strategy, and a way to avoid vendor lock-in, multi-cloud is a concept as old as the cloud itself.
MultiCloud means many things to many organizations. It could mean that you use multiple IaaS, PaaS, and SaaS Solutions all at once. It could mean that you may be using a financial suite and an HR suite—each in the cloud.
It also could mean following a hub-and-spoke model of software selection, choosing an ERP software and building around it by adding necessary applications for each department or business process.
In a CIO Article on MultiCloud, Carl Lehmann of 451Research points out that the growth of MultiCloud followed the same growth path as the cloud—answering the needs of each business line,
“The cloud was born, not from IT necessity, but from the needs of business. Various lines of business (LOBs) needed specific types of support that IT couldn’t give them, primarily because the IT budget was entirely locked up in running day-to-day operations.”
A Common Issue: Lack of Communication
While organizations are recognizing the value of the cloud for their businesses, some are coming across another issue—some clouds don’t “talk” as easily as a business hopes.
For example, while an accounting, customer relationship management, and expense management application are each available in the cloud, accessible via browser, mobile application or mobile website, data doesn’t synchronize as easily as a user hopes, meaning that the user has to keep jumping between applications, copying and pasting data between each.
Making MultiCloud Work
While the MultiCloud approach is recommended by leading pundits like David Linthicum of InfoWorld, companies do have to complete due diligence to make sure that choosing multiple clouds works for them.
How Best of Breed Solutions Tackle MultiCloud Challenges
One of the biggest reasons companies choose best of breed/best in class solutions is because these challenges were well known during the development of the software.
For instance, Intacct developers knew that it was never going to be a CRM software, Salesforce developers knew they wouldn’t be making expense management software, and Concur developers knew they wouldn’t need to make accounting software.
This is why all of these developers (among other best-in-class providers) built their software to allow third-party developers to build solutions that could easily be found, selected, and set up to meet the company needs. Through these marketplaces (Intacct Marketplace, Salesforce Appexchange, and Concur App Center), customers can search for and choose integrations to make the job of the end user easier—creating a truly successful MultiCloud environment.
Two such applications, available on the Intacct Marketplace and Concur App Center, connect Intacct and Concur—ExpenseConnect and InvoiceConnect. Designed to make the job of the end user easier, each of these connectors synchronize data between Intacct and Concur/Concur Invoice with the click of a button so that expense management and invoice management workflows are simplified. Learn more about each of these, and contact Wipfli/Brittenford Systems for more information.