The main difference between an on-premise solution and a cloud solution is that the former is installed directly on the computers, through the company’s servers. As for the cloud solution, it is hosted on a provider’s server: access is via a simple Internet connection, which facilitates mobility.
On premise solutions
Many commercial companies use on-premise solutions to manage their financial transactions. This system is directly hosted by the user who makes the settings manually, according to his needs (loading of rejects, translation, list of suppliers, etc.). The challenges for entrepreneurs to move to the cloud include application availability, high responsiveness to problems and adaptability to specific user needs. Compared to an on-premise system, a cloud solution offers many advantages.
Axway cloud solutions
Axway finance strategy tools offer various types of cloud solutions, such as Customer Managed, Axway Managed Service and AI Suite Managed Cloud.
Customer Managed Service
Third-party management of the cloud infrastructure takes the workload off of teams. Delegating technical expertise to a reliable provider allows employees to fully concentrate on their core business tasks. As a result, the technology processes supporting finance management are supported by Axway.
The use of Customer Managed Service reduces costs while maintaining state-of-the-art technology. On a technical level, this solution has the advantage of optimizing your financial operations according to your needs and the organizational evolution of your commercial company.
Axway Managed Service
The settings made within the cloud platform are installed in a specific project. In this context, Axway’s functionalities are pre-installed, leaving room for the addition of more specific complements, which vary according to the company’s needs. Here is an overview of the main actions:
- configuration of exchanges between partners (senders, receivers) ;
- the definition of the data transfer mode to the cloud between customers and partners ;
- initial configuration of financial transformation services (queries, repositories, forms, recycling, etc.);
- development of new partner or customer data flows, rules and modifications ;
- organization of the service catalog and contracts between suppliers and customers;
- installation of components on various sectors, initial configuration and technical maintenance of available services (Service Patches);
- insertion and modification of current data linked to the evolution of schema flows managed in the repositories;
- parameterization of accounting data flows (schemas, dashboards) ;
- Definition of usage parameters according to the services defined in the contract (number of users, recipients, annual records and high availability environments).
Benefits of Axway’s cloud-based capabilities
Here are the main benefits for customers using a cloud-based finance strategy tool:
- AIS management costs (server maintenance, product updates) are visible to the customer, unlike the On Premise solution, where it is difficult for the customer to consolidate a real figure around AIS management costs;
- Monitoring provides real-time visibility of price changes to optimize cost management;
- the use of small services avoids the constraints associated with system operation;
- enhanced security guaranteed by a high level of technical architecture;
- the platform offers the possibility of working in groups;
- management of production problems is handled by the editor, and products are appraised;
- The Axway Delivery Manager ensures that the services subscribed to are tracked and reported on the platform.
AI Suite Managed Cloud
The AIS Suite is similar to the Axway Managed Service. The complementary nature of AI Managed Cloud lies in the fact that all the accounting data flow parameters are managed by Axway, through expressions of need and their teams.
Difference between “Infrastructure as a service” and “Software as a service
The various financial management supports are presented in different ways. A distinction is made between “infrastructure as a service” (IaaS) and “software as a service” (SaaS).
The “IaaS” system
The “infrastructure as a service” (IaaS) process is instant IT support, managed entirely via the Internet. The software is considered a service and does not need a server to be operational. Depending on customer demand, the IaaS infrastructure generates scalable transactions, up or down. To compensate for these modulations, this platform has the advantage of invoicing only those services that are actually used.
The “SaaS” infrastructure
The software solution “SaaS” is a service that allows its user to connect to cloud applications on the Internet. Users choose the tools they need and pay the vendor for the application rental based on usage. It is the service provider that manages the software, hardware and security of your data. SaaS allows a company to start quickly by using a one-time application at a lower cost.
What tools do you need to manage your finance strategy?
Optimize the performance of your finance strategy with the latest accounting management and cloud migration technologies, and master these different solutions.
You can also read about it in our "Managing your Finance strategy" section:
- How can Axway's solution help finance departments optimise their accounting schemes?
- Axway accounting integration suite: the latest features of AI Suite 2.4 Plus
- ERP Accounting: How can you optimize accounting interpretation with Axway's solution?
- Cloud Migration: Discover Axway's Digital Finance Module
- Axway's AI Suite: on premise vs. cloud?
- Axway sentinel: what are its applications for finance?
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