ERP systems have evolved from traditional on-premise systems to hosted systems and to cloud ERP system consequently. This change is more relevant to small-scale businesses that focus more on saving direct cost, the convenience of use, and the functionality of the system without an investment of time. On the other hand, large scale organizations still prefer to use an on-premise ERP system to have better control, customization, and security. Medium-scale organizations, on the contrary, rather prefer to use a hybrid model where sensitive data is hosted privately while the less sensitive data is hosted on the public cloud.
Key benefits of Cloud-Based ERP system:
Lower Investment –
Capital expenses are significantly reduced with the use of cloud based ERP services mainly due to reduced hardware, user license, and implementation expenses. Furthermore, changing a cloud based ERP software service provider is fairly easy as compared to traditional systems.
SMEs often find it difficult to compete with large organizations in terms of value creation. But cloud based ERP systems offers them the ease of scalability. Resource pooling and resource elasticity help them to attain strategic flexibility and competitiveness to face larger enterprises. By this, SMEs can benefit largely from cloud ERP small businesses.
Reduced Pressure on in-house IT Department –
SMEs would never like to invest significantly in the operation of ERP systems and burden their routine IT staff with the functioning. By outsourcing the ERP projects operation to clouds, they are enabled to focus more on their core competencies and service the client. ERP in retail industry in today’s time is gaining prominence.
Rapid Updates and Disaster Recovery –
Clouds make it easier to send application updates and at a faster rate. In the case of system or server crashes, data stored over cloud ERP can be easily recovered due to powerful measures taken by service providers like routine backups, strong recovery procedures, etc.
Quick Implementation –
As the cloud ERP system is hosted and managed by the vendor; your company is relieved from performing software installation and set-up operation. This makes cloud ERP solution with ERP business collaboration quick to implement without losing any time and business.
Save Cost and Time –
Servers require a lot of maintenance. But with cloud ERP software, there is no need to run your software and hardware for servers as it is owned by the vendor. Since there is no server, you also cut down on the number of IT staff required for server maintenance. The cost of HR heads, thus, goes down. So, all your server maintenance-related miscellaneous costs like electricity, office space, repair, and upgrade are annulled. Likewise, the absence of a server frees up plenty of time that can be utilized in focusing on the core competencies of the business. This makes ERP in construction industry a highly beneficial endeavour.
Ease of Accessibility –
Cloud based ERP software is connected to the internet. So, any authorized individual connected with the internet can access the ERP anytime, anywhere. It makes a lot of sense for remote workers and field employees. They can access and update information on the cloud through personal devices like smartphones and laptops. Thus, your business is always running while being on-the-run.
Higher Integration Capabilities –
Cloud based ERP systems are designed in such a manner that enhancing its capability through third-party application interfaces is easier. Similarly, the cloud APIs are designed keeping in mind cloud solutions available in the market. Vendor-specific and cross-platform interfaces are available for specific functions.
The cloud ERP system offers plentiful benefits over other traditional systems. It definitely creates more value for the organization accompanied by lower investment, faster time to market, and incorporating add-ons without hassle. Employee training on cloud based ERP is also a hassle-free process. Certainly, it makes sense to move your ERP to a cloud based system. For the very same, we are here to put forward our high-end services at exactllyERP. Contact Us today and get a Free Demo.