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TechnologyOne
TechnologyOne

IT / Software development

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Risks

1. Security Breaches: TechnologyOne software is vulnerable to outside intrusion, which could lead to a disruption of operations and the exposure of confidential data.


2. Compatibility Issues: TechnologyOne software may not be compatible with other software/platforms, which could lead to inefficient performance and unexpected errors.


3. System Instability: The system may not be as reliable as a traditional software package, leading to possible instability, slow performance, or unexpected errors.


4. Internal Failed Processes: Inconsistency and errors in TechnologyOne databases, implementation processes, and operational processes can lead to issues related to data accuracy and reporting.


5. IT Dependency: As TechnologyOne solutions are mainly cloud-based, if the server goes down, companies become dependent on personnel and other software to successfully manage their systems.


6. Compliance Violations: Systemwide changes to TechnologyOne compliance guidelines could lead to expensive penalties if not accurately followed.


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