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Upcoming Webinar Explains the Budget Predictability Provided by Cloud Computing
Monday, July 28, 2014 6:50 AM

Technology infrastructure is expensive. IT budgets must cover routine maintenance, replacement costs, hardware and software licenses and warranties, and even unexpected system failures. In most current IT models, costs fluctuate – making budgeting for IT a challenge and creating headaches for management.

To help credit unions get a jumpstart on the 2015 budgeting process and learn how to avoid technology-budget hangovers, Catalyst Corporate and D+H will conduct a webinar Aug. 14 from 1-2 p.m. CT.  There is no cost to attend the webinar.

During the session, titled “Leveraging Cloud Computing for Predictable IT Expense Budgeting,” presenters will discuss the budgeting advantages of cloud computing along with other ways that moving to the cloud can alleviate credit unions’ IT burden. 

“Many financial institutions are turning to cloud services for a solution – outsourcing their needs to a third-party that handles all aspects of the IT infrastructure,” said Karen Coble, vice president of sales for Catalyst Corporate.  “The ideal partner will establish a simple per-user, per-month price for moving all credit union applications, along with the associated business continuity and compliance management components, to a secure, remote environment in the cloud.  With this model, budgeting guesswork is eliminated, along with a great deal of the effort involved in managing the credit union’s IT needs,” she added.

Basically, “cloud computing” means that programs, applications and data are stored and run on remote servers rather than on local servers and computer hard drives. Devices at the credit union such as PCs, tablets and smartphones can access the programs, applications and data stored on those remote servers through a secure connection via the Internet – creating accessibility from anywhere at any time.

Cloud computing service providers offer value by taking responsibility for servers, storage, operating systems, database storage and access, software, updates, migration, power and cooling, data center space and support services, Coble said. As a result, cloud computing can shift the IT burden from the credit union to the provider.

“A comprehensive cloud computing model can transform capital expenditures into operating expenditures, as credit unions no longer must anticipate large outlays in advance but rather, can simply allocate the appropriate per-person cost based on a straight-forward price schedule,” Coble said. “Credit unions converting to the cloud find the freedom to focus limited resources on strategy and member service, instead of reacting to IT infrastructure-related fire drills.”

To register for the no-cost webinar, visit www.catalystcorp.org/webinars.aspx.