Potential Reasons Why Your Growing Business Needs a Cloud ERP Solution

We are surrounded by applications and systems that work on cloud technology and artificial intelligence. With the advent of these technologies, most businesses are now turning to cloud ERP software. And why not? Cloud ERP can give businesses access to critical applications from any location and time.

Besides scaling operations, the technology can secure data. If you wish to scale up your business operations, you must switch to a cloud ERP solution.

Failing to see the benefits of the technology can push you a step backward. According to a recent report, 50% of companies plan to integrate with cloud ERP solutions.

Also, 49% of companies said their businesses improved after integrating – with cloud ERP solutions. There are many reasons – why your growing business needs a cloud ERP solution. Let’s see some potential ones.

Affordability

Most startups worry about initial investments and budget for expansion. Are you one of them? Affordability is one factor that makes cloud ERP solutions easily adaptable.

You do not have to bear the added costs of software installation, training employees, and future maintenance. Also, the lower setup cost is one reason most companies choose the technology.

Cloud ERP solution uses SaaS models that avoid financial meshes. If you compare the software to the on-premise version, you can achieve ROI faster.

The best part is the subscription is on a monthly or yearly basis, giving you the timeline to adjust your budget. With cloud solutions, you can save on competitive project costs.

Easy Deployment

It is never easy to implement and deploy a new technology. In fact, you may face many issues during the implementation phase. Here is when cloud ERP solutions can help.

The technology is designed to tackle the errors, which take place during the deployment process. Despite the challenges, you can work on deployment for weeks.

Besides adaptability, the software is highly responsive. On-premise solutions can take a year to complete deployment, but cloud ERP solutions may take three to six weeks for deployment. So, do you see a difference between the two? Additionally, you can benefit from hands-on data and intuitive dashboards.

Enhanced Visibility

With cloud ERP solutions, you can communicate seamlessly with different departments. Plus, it allows you to share data and helps foster complete accountability.

With project management tools, you can simplify collaboration. It fosters third-party collaborations by sharing and receiving data. Different resource management options will help identify opportunities that eliminate waste or resource necessity.

And, you know what’s the best part? The software solutions can increase security by showing user footprints throughout the system. Besides concentrating on functional improvement, the technology can enhance capacity upgrades, improving your company’s ability to respond quickly. Increased visibility also allows transparency throughout the process.

Enhanced Security

The foremost concern for most businesses today is security. With the increase in network attacks, you must focus on a secure system. Cloud-based ERP provides a secure hosting environment because of high stakes. Confused? With tons of data storage, cloud vendors offer better security tools compared to on-premise solutions.

The technology offers continuous and autonomous updates on security without changing the user experience. In addition, it offers backups at different remote servers.

The system is backed by cloud security experts, providing comprehensive data security. Looking at these benefits, you must switch to cloud ERP solutions for enhanced security.

Scalability and Growth

If you work with on-premise ERP, you might face a problem with scalability. If the current hardware is in use, investing in new technologies can add up to the cost.

To solve this issue, you can switch to cloud ERP solutions. All the major ERP solutions offer scalability options vital for business growth. Moreover, you can upgrade your software plans and buy added licenses to access extra resources.

With the feature, you can add more capabilities and storage to your system. Even IT experts believe adapting to a cloud-based ERP system can improve a company’s ability to scale seamlessly.

New Updates

Faster network updates is a reason you must shift to cloud ERP solutions. Regular updates enhance the software capability efficiently. The best part is that these upgrades do not disrupt the working process.

Besides saving time, software updates automatically offer better results. In the SaaS ERP system, the updates are deployed from the vendor’s end, so there is no burden of updating the systems manually.

Plus, automatic updates can install the new modules and security patches automatically. Version inconsistencies are less frequent, as the service provider team can access the network or account.

Mobile Compatibility

From mobile responsiveness to optimization, mobile devices have a wider reach today. Besides being an extensive business tool, you can optimize mobile devices for cloud ERP solutions. How? Well, you can use a feature in the cloud ERP system that gives mobile devices access to offer data from different locations.

Using mobile-enabled ERP solutions can help you access data whenever you need it. Additionally, it can help facilitate manufacturing tasks by providing real-time updates from any floor.

It can give sales staff minute-by-minute information to make informed decisions. Mobile compatibility can foster transparency from any remote location.

Simple Migration

Most companies are working towards reducing their carbon footprint. Cloud ERP deployment can help reduce the carbon footprint as the energy consumed is less than on-premise ERP. Cloud Migration services makes it easier for you to crossover a more effective platform that saves your money and offers better functionality that safeguards the data from malicious activity and attacks.

Another potential advantage of migrating to the technology is saving on power costs. Most cloud ERP systems are hosted on multi-tenant servers that host different clients, designed to manage bandwidth and storage. Switching from on-promise ERP to cloud ERP may benefit your company in the long run.

Best fit for business

If you follow an agile approach in business, you can grow better. Cloud ERP solutions provide agility by leveraging intuitive benefits through powerful software.

Besides agility, it offers simple access from multiple locations. Deploying business intelligence solutions in businesses is increasing with time, so it is the best time to integrate them with technology.

In addition, it is easier for any business, and you can access different solutions. Sage300 Cloud and OracleNetSuite ERP are two solutions you can consider for your business.

It is time to harness the power of cloud ERP,

With the global pace of digitalization, your business needs an update. On-premise ERP solutions are unable to match with the pace. Therefore, you can adopt cloud ERP solutions that offer flexibility, access to updates, security, and scalability options.

As a growing business, you may require software to help with complicated business processes. Cloud ERP solutions can help you manage these processes with ease. Lastly, you can access documents – with even considerable business control.

Author’s Bio : Harikrishna Kundariya, a marketer, developer, IoT, Cloud & AWS savvy, co-founder, Director of eSparkBiz Technologies. His 12+ years of experience enables him to provide digital solutions to new start-ups based on IoT and SaaS applications.