While on-premise solutions struggle to catch up, cloud-based solutions are being preferred by many organisations.
The basic difference between an on-premise and cloud solution is that on-premise solutions are usually found and built on a user’s computer. However, a cloud solution is typically hosted somewhere else and is accessed through the internet.
The authorised technology providers who enable GST compliance, expect a rise in the number of organisations that will prefer cloud solutions to on-premise simply for its flexibility and cost-effectiveness. “Pay-per-use is gaining traction among customers, which is further helped by improving connectivity”, told Sanjay Phadke, Head-GST at Vayana Network to Financial Express. He added that with storage cost gradually coming down, businesses would consider cloud solutions favourably.
Apart from the cost benefits, it has also been seen that organisations with on-premise solutions are having to struggle a bit more to make the GST return filing format changes that those that have opted to go the cloud way. Such challenges have been comparatively fewer with cloud-based solutions.
For more on this trend of cloud over on-premise, you read the entire article here.