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Having a cloud-based HCM system is proving to be increasingly important and widely accepted as the world and technology continue to rapidly evolve. Whether you track and manage all your necessary HR functions with an online software solution or even via Microsoft Excel, physical threats and security vulnerabilities are everywhere and the move towards the cloud can guard against these threats. This whitepaper discusses the importance of cloud-based HCM systems for the future. Find out what to look for when selecting the right system, understand the varying software terms, and learn how to navigate privacy and security.