Why your legacy collections system is a security risk you can't afford

Here’s why addressing these risks should be a priority when deciding to replace your old system.

From server rooms to secure clouds: Lowering your operational risk

In an era of strict GDPR and data privacy regulations, maintaining an older, on-premise system is a liability. If the server is in your building, you are responsible for every aspect of its security, from the physical lock on the door to the software firewall.

Cloud-native systems change this dynamic.

By partnering with a provider like Flexys, you benefit from a shared responsibility model. The provider manages the heavy lifting of compliance and data security, significantly reducing your operational risk.

Automatic safety updates: Staying secure without the downtime

One of the greatest risks to data security is human delay. With on-premise software, applying a security patch is a project requiring planning and downtime. This creates a window of opportunity for cybercriminals.

In a cloud-native environment, this friction is removed.

Security updates are applied automatically by experts the moment they are available. There is no downtime for your team, and more importantly, no window of vulnerability for attackers.

The support trap: Why maintaining old code is a financial drain

Legacy software relies on legacy infrastructure – outdated browsers and retired operating systems. Maintaining these environments is difficult and costly.

As internal knowledge fades, organisations are often forced to pay premium rates for specialist consultants to maintain obsolete code.

Cloud software removes this "technical debt." Because the platform is always running on the latest technology stack, there are no local support costs and no need for expensive external fixes.

The collections crossroads: Three paths for your future strategy

Organisations with ageing software face a crossroads. Only one of these options makes sense:

Risk it:
Continue with unsupported software and risk data breaches.

Patch it:
Invest heavily in upgrading an old system (a poor return on investment).

Replace it: Migrate to a modern cloud system.

The move to cloud: Your best defence against operational risk

The security flaws in legacy systems are structural and won't be fixed with a simple update.

To truly protect your organisation's finances and reputation, migration to a cloud-native solution is the only logical step.

Don't wait until a breach forces your hand – act now to protect your data, comply with regulations, and streamline your collections process.

Speak to our team about safely migrating to the latest collections software in a way that suits your organisation.

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