Innovation is the key to moving faster and adapting to the new changing environment. The faster your organization innovates, the more the chances to meet your strategic business objectives. However, traditional ERP systems often prove cumbersome and rigid to keep up with the evolving needs of the business. That’s why Cloud ERP has been preferred by companies of all types and sizes. While Cloud ERP offers similar functionality that of on-premise ERP in terms of usage; it also offers various other benefits like cost savings, flexibility, scalability, security and performance.
This blog will give you a quick rundown of eight benefits of Cloud ERP.
1. Eliminate the need for extra application licenses
There’s no need to invest in extra application software licenses when you can have a robust ERP software in place. The cloud ERP solution mitigates the need for investing in additional hardware or data servers and licensing fees thus bringing down the cost substantially.
2. Automatic upgrades
Any good cloud ERP solution such as SAP Business One sends alert notifications of upcoming upgrades. These upgrades are usually auto-generated on the client’s server. Also, an experienced cloud vendor usually conducts these upgrades and backups almost during non-functional working hours, thus saving productive hours and keeping the system up-to-date and available whenever you need it.
3. Maximum uptime
A perfect Cloud ERP service provider assures you the least possible server downtime. This ensures less conflict and confusion while migrating it to the cloud.
4. Secure data
Data entered in the ERP software are safely stored in the cloud. It can further be recovered easily in the event of any mishappening or disaster. A cloud solution provider knows all the security protocols and ensures all the safety measures needed to protect the data. Alongside, employees have access to important information anywhere and any time they need.
5. Backup and recovery
Ask your cloud solution provider to make viable arrangements for disaster recovery. This way your valuable data is stored and you need not to have to worry about your data being lost.
6. Pay-as-you-go model
Cloud ERP solutions generally have the option of a pay-as-you-use model that can be tailored as per the specific customer’s needs. The implementation costs are considerably lower, thus reducing overall operational costs substantially. A true pay-as-you-use model based on the usage per hour appears to be attractive to the SMEs segment.
7. Scalability and Mobility
ERP provides exceptional flexibility and scalability. It also increases the number of licenses whenever required at anytime. Also, a good vendor allows the companies to upload and access data in real-time via the cloud from anywhere and anytime.
8. Rapid implementation
Typically, cloud-based systems take much less time to implement possibly less than an on-premise solution. Cloud-based connectivity meets the needs of almost every department in your organization. Any department can receive and share information from another department so that everyone remains on the same page and reports can be accessed by everyone.
The benefits mentioned above make Cloud ERP an integral part of small and medium-sized enterprises. So, which benefit appeals to you the most? Do share in the comments.