Today marks the end of a sad week. MortgageDashboard confirmed that it will be closing it's doors and that their web based customers have 7 days to get their data. It is a hard lesson to learn, One day you put your trust into online software, and the next you are left standing in a lurch when they shut their doors. If it was desktop or server software serving your mission critical software you can coast for a week or month while working on and implementing a data migration strategy. But when the vendor is in the cloud(web-based) maybe the data is recoverable.
But even with the files now local, there is no software to run day to day operations. Now the business is in trouble while you invest in a new solution, and worse your competition has a leg up in this difficult market.
The cloud is a cool thing and provides some nice shade, but never forget that the cloud can leave just as fast as it came, leaving you to burn in the sun with no water in sight.