Cloud-based ERP (Enterprise Resource Planning) solutions are fast becoming the backbone of most businesses. This is especially true if you are planning for the long haul and are looking to stay relevant and at the leading edge, given a tough economy and fierce competition. Cloud ERP has many benefits such as increased performance, flexibility, easy scalability and efficient and secure business processes, to name a few. It’s easy to see why more and more businesses are turning to cloud-based solutions.
Take a look at more detail regarding the benefits of cloud-ERP:
- Heightened system performance
On-premise ERP solutions require a labour intensive setup but also means you will have ongoing costs and maintenance. If this is the route for your business, it’s absolutely still better than no system but has its fallbacks compared to the Cloud route. If your on-premise solution is not properly maintained, the performance of the solution will suffer, which can have a negative impact on the business and it’s day-to-day operations.
A cloud-based ERP solution does not hold this kind of threat as your service provider will continually monitors the hosting solution to ensure everything runs seamlessly. This means the solution does not require the kind of maintenance to perform at its optimum level, as the on-premise solution.
- More flexibility
The flexibility of a cloud-based ERP solution stems from the fact that they can be accessed from anywhere, at any time, from an authorised internet-enabled device. This is advantageous for businesses that have branches in multiple locations. The cloud-based ERP solution, therefore, ensures that data can be accessed easily between different subsidiaries, locations, or departments.
This affords companies the opportunity for more collaboration within the business as well as full visibility across the business.
- Easy scalability
Scalability of a business is key, especially if you are planning to grow. This can however be a complicated process. If businesses scale to slowly, they can fail to keep up with customers and competition alike. However, if they scale too quickly, they might overspend and waste resources whilst not being able to handle the growth, especially if you don’t have the right systems in place to support this process.
A cloud-based ERP solution allows businesses to scale up or down quickly without any hassles. This is due to the fact that these types of ERP solutions offers quick changes to suit the growing business’ requirements whereas, on-premise ERP solutions will be somewhat more complicated and involved.
- Efficient and secure business operations
As businesses grow, so does the stress of your accounting or relevant operational processes. A good ERP solution will help ease that stress by ensuring more up-to-date and accurate data or insights. A cloud based solution will offer additional benefits such as quickly being able to adapt to new requirements, greater security or being able to access your data from anywhere.
- Preparing for the future
Millennials and Generation Z’s are the future managers and CEOs, and both these generations are accustomed to using apps, mobile devices and cloud-based systems for everything. This means to attract the future leaders of companies, businesses need to show that they are up-to-date and innovative.
Using a cloud-based ERP solution also helps the workforce, potential employees, and customers to understand, that your business is staying competitive, is adaptable, scalable and prepared to be in it for the long haul.
Contact us HERE to discuss a tailored Cloud ERP solution for your business.