The term “Cloud computing” is widely used today. On the consumer side, the Cloud is the IT infrastructure that powers many of the popular services that we use in our daily lives such as Netflix, Gmail, Apple TV and Uber. On the other hand, On-Premise software is software that is installed locally on your company's servers.
On the business side of the Cloud, most companies today have policies to only procure Cloud-based Software as a Service (SaaS) products and plan to decline their usage of On-Premise software. According to Forbes, 83% of enterprise workloads will be in the cloud in 2020. This is because Cloud-based SaaS provides a much better experience for both users and administrators, such as fast loading times, no complicated installations, and no risky update or patch processes.
As spend and investment dwindles for On-Premise software, On-Premise vendors typically now offer their software as “Hosted”, “Private Cloud”, “Hybrid Cloud” or as known in the IT industry as “Fake Cloud”. Fake Cloud is hard to point out during the sales/purchasing cycle. But when the Fake Cloud software is actually in-use, it has all the problems of On-Premise software and more. Organizations that want modern, reliable and fast software should choose True Cloud software, not Fake Cloud.
How to spot Fake Cloud?
Before you acquire a legal entity management software, ask these questions to determine whether a proposed solution is True Cloud or Fake Cloud?
Fake Cloud Platforms are Not Secure
In addition to True Cloud providing better usability, it also provides substantially better security. Because Fake Cloud platforms are not architected to be operated on the internet, they have inherent vulnerabilities that make them easier for malicious parties to hack.
For example, in May 2019, CT Corp., the company owned by Wolters Kluwer that operates the CTAdvantage and hCue entity management systems was hacked with malware and there are several lawsuits against CT as a result.
About Athennian
Athennian.com is the top reviewed legal entity management true cloud platform for law firms and in-house corporate teams. Athennian is used by innovative organizations that value modern software with elegant automation and workflows. Integrating entity data management, document assembly, eSign, org charts, and e-file, Athennian is selected by leading law firms and corporate legal and tax teams to scale legal entity governance. Athennian offers rapid migration services for customers from any legacy database including ALF, CorpLink, EnAct, GlobalAct, EnGlobe, FastCompany, Corporate Focus, Blueprint (Diligent Entities), GEMS, hCue, Effacts and more.