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Cost Savings for Cloud ERP Solutions

15 April 2014 5 MIN READ

Cost Savings for Cloud ERP SolutionsAn Enterprise Resourced Planning (ERP) system has transformed the way businesses function. A lot of companies across the world have successfully adopted an ERP solution as a part of their organizational system. And the ones that haven’t walked that road are seriously considering it as they see tremendous value in it. All because of the numerous benefits that are offered by the ERP system. A lot of developments are constantly made in the field of ERP and with the introduction of cloud ERP, the game changed significantly. Cloud computing has made its way into the business world, and it looks like it’s here to stay. A lot of businesses are beginning to move their ERP solutions to the Cloud

Cloud computing has made it easier to access information on-the-go and offers greater flexibility in the business environment. Since it really affordable, Cloud ERP is becoming a desired business solution, especially with the rise in the use mobile devices for business purposes. There is no doubt that Cloud ERP helps companies save a lot of money, one question continues to tug the companies’ mind. Most of the companies want to know the answer of one question from the various SAP Business One Partners in India – when do the cost-savings actually begin. They wonder if the cost savings start as soon as the system is implemented or does it take a while to realize the cost-savings.

Cloud ERP solutions are easier to implement than traditional, on premise solutions but they require a lot of planning and training to show immediate results. Employees need to be trained on the new software capabilities and business executives need to develop a strict implementation plan with the help of SAP Business One Partners in India. Only then can the effect of cost savings can be seen. Many a times it happens that the companies won’t start saving until after the solution is implemented. Cloud ERP solutions have no hidden implementation costs or additional IT needs, automatically cutting down the initial cost. But until the solution is fully implemented and is put to use, true savings won’t be reflected. There are some other ways by which you can maximize the cost savings on Cloud ERP. Many SAP B1 Partners suggest the following:
1) Writing down your requirements.
2) Have a thorough understanding of your true Cloud ERP costs.
3) Evaluate your Cloud options – do you want a public or private cloud ERP. Security is the primary issue to be considered.
4) Hiring the right people to do the job or atleast training the IT staff if they don’t have the capability to implement your Cloud ERP solution.
5) Preparing a business continuity plan in case something goes wrong.

Early buy-in and preparation will maximize the cost-savings of a Cloud ERP solution. Ensure that each step in the implementation and post implementation stage is being carefully executed, because even one mistake can prove to be costly. Literally.

About the author

Nidhi Batra

Nidhi Batra is a brand communication specialist at Uneecops. She is an active contributor to SAP Business One community and loves to write on smart and intelligent technology which is redefining business models such as SAP Business One, SAP Cloud, Tableau and Power BI. Having Master’s in English from Delhi University, she follows Gartner and spends her time reading avidly about Artificial Intelligence, SAP HANA, Cloud, DevOps, IoT, robotics and business automation.. Tweets at @nidhi_niya

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