From unifying disparate systems to improving data reliability, a cloud-based logistics management solution has many benefits.

It’s no secret that fuel logistics can be a complicated and volatile business, and that’s during a normal year. From a global pandemic that’s still raging to an oil crisis whose effects are ongoing, 2020 has been anything but predictable.

More than ever, fuel logistics companies, which already struggle with tight margins, have to make data-driven decisions to maximize their productivity and bottom line. For many, that means investing in an integrated, cloud-based logistics management solution.

Here are the top five reasons making the leap to the cloud could be one of the best decisions you’ll make all year.

Keeping it current and reducing risk

Companies that use a cloud solution automatically have the latest and greatest version of their software without tying up IT resources. In addition to removing the day-to-day, tactical responsibilities from internal resources, the vendor’s team offers expertise in implementing and managing the solution. They do it all the time for other customers with similar environments. Consequently, they’re familiar with the pitfalls of implementation, can quickly perform routine maintenance and updates, and are capable of troubleshooting and resolving issues when necessary.

Flexibility, scalability and cost reduction

Moving to a cloud-based logistics solution reduces the sizeable upfront costs. This is largely because they don’t require companies to build up their IT infrastructure, which includes expensive servers, to support an on-premise system. This allows greater financial flexibility for the organization. Companies can also lower long-term costs by eliminating the need to hire full-time systems experts to maintain and upgrade the supporting infrastructure and applications.

In addition, businesses may mistakenly think that running their systems locally will provide them with the best performance, but that isn’t necessarily the case. They often underestimate the resources they need to maintain optimum performance—something that is especially critical for businesses that are looking to grow.

Speaking of growth, APIs and microservices that power a cloud-based solution allow you to easily scale and add services as needed. This is particularly helpful for organizations without a large IT department or that simply want to free up their resources for more strategic projects.

Mobility and ease of access

 This year especially we’ve seen the need for businesses to be able to support a remote workforce. Cloud-based software does exactly that, helping fuel logistics companies stay real-time and deliver continuity across borders and time zones. For example, when truck drivers have access to mobile apps, they can practice social distancing, while still making fuel deliveries and having access to information such as inventory or size of delivery.

Data security and control

 Back in July, VMWare released the results of its first cybersecurity threat survey. Ninety-two percent of survey respondents in the U.S. said the number of cyberattacks had increased in the last 12 months. A supplemental survey specifically found that a staggering 89 percent had been targeted by malware directly related to COVID-19.

 Securing the data your company and customers rely on has never been more important. Much like social distancing and masks are the recommended best practices for minimizing your risk of contracting COVID-19, encryption, login standards, and role- or user-based security are all critical to minimizing your risk of a data breach. In addition, providers who offer cloud solutions often include monitoring services in the agreement that help companies guard against critical system errors and threats.

 Disaster recovery

The National Oceanic and Atmospheric Administration (NOAA) predicted an “above-normal” hurricane season back in May. But a natural disaster is only one type of disaster. From cyberattacks to hardware failures, businesses around the world, including fuel logistics companies, worry about the impact extended downtime or, worse, data loss, can have on their financial fortunes. Hint…the implications are pretty huge.

recent study by LogicMonitor said that 96 percent of survey respondents reported they’d experienced an outage at some point in the last three years. Whether you’re a large or small business, when it comes to the data your operation relies on to serve customers, every minute wasted literally costs the company thousands of dollars. That’s why backups are so important, and cloud solution provider often gives that automatically.

Of course, we’re just scratching the surface. From unifying disparate systems to improving data reliability to increasing operational visibility, there are many other benefits for organizations that are willing to make a change. Whatever benefits you hope to realize, an integrated, cloud-based logistics management solution can help you get there.

You can thrive in today’s digital economy. Contact us today to learn how we can help you transform your business.