When it’s time to select an ERP solution for your company, a key choice that you’ll have to make will be that of Cloud Based ERP or On Premise ERP. And since there’re a wide range of reliable solutions available for both and each of them has its own pros and cons, the choice won’t be an easy one. However, like most things in HR you can make get an answer by reflecting on your requirements. In this article we’re going to look at benefits offered by Cloud Based ERP and how they make it the best choice for any small business. Let’s begin:
The first and most obvious benefit of Cloud ERP solutions is that they cost a lot less in comparison to on premise solutions. Besides that, their costs also tend to be predictable and you also don’t need to spend anything on hardware to start using them.
#2. Stability and Security
Cloud ERP vendors also release regular updates to keep their solutions as stable, secure and up to date as possible. You don’t need to worry about those issues or hire someone else to do that for you, which again results in saving of time, attention and money.
As far as security is concerned, a reliable cloud ERP vendor (i.e. SAP Business One Cloud) will take care of your ERP solution better than you can because it’s serving many other customers as well.
#3. Quick Implementation
Cloud ERPs can also be implemented in a fraction of time required for installation of on premise ERPs. You can just sign up for an account, pay the price and get them ready for your company within a couple of minutes.
#4. Ease of Use
With cloud ERPs there’s not a steep learning curve as well. If you’re a small business and you somehow manage to install an on premise ERP solution then the next challenge that you’ll have to tackle is that of learning to use it, which can consume significant amount of time. Professional Cloud ERPs usually tend to be a lot easier to use and also come with plenty of documentation to help you out.
When you’re a small business, each of these benefits can make a huge difference. You can’t afford to spend a lot of time and money on ERP, which should be spent on other more important aspects of business. Therefore, a cloud ERP is the certainly the best choice for any small business owner.