Freeing Up Capital

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How can auto suppliers free up capital to help expand? One option is to convert capital investment in on-premise IT systems into an operating expense by moving those functions to the cloud, says Jeff Nedwick, Director of Industry and Solution Strategy Automotive, at Infor.

Doing so eliminates the expense of a staff to maintain a company's own IT system. It also gives the company access to the most advanced and continuously updated technologies.

Nedwick points to another big benefit of switching to the cloud from an on-premises data center: cost-effective access to an integrated suite of products to help you manage your supply chain, CRM systems, production operations and more. �