Integration of a cloud ERP system in your business can definitely result into substantial changes in your operations. You need to prudently manage this whole integration process so as to reap the real-time benefits of an ERP solution.
Businesses are increasingly considering integrating a cloud-based ERP system. Cloud ERP system is typically devised to diminish the time-to-implement and deployment relatively to traditional on-premise ERPs.
Earlier, ERP Systems were only affordable by well-established and big companies, but with the advancement in technology (emergence of cloud) now it is available for SMBs at minimal cost, thanks to rising adoption of the cloud.
The demand for cloud-based ERP solutions has shown significant upsurge in past few years. It enables SMBs to seamlessly manage their critical business operations, accounting, and supply chain all in one go with nominal upfront investment and get maximum ROI of ERP integration much quicker.
What is Cloud ERP exactly?
Cloud ERP is an application that is hosted over the internet by a provider. Often such type of model is also called as Software-as-a-Service (SaaS) denoting to the concept of leasing software rather paying a huge upfront deployment fee.
Let’s have a quick glance at key ways Cloud ERP can take your business to new heights:
- Critical business data and highly sensitive information can be accessed with a click of a button anywhere and anytime. You can enjoy multi-user access in a cloud-based ERP system. It enables you to seamlessly collaborate online while working on projects with your team and associates in real-time.
- Instant deployment is one of the compelling benefits as every system and handheld device are equipped with a modern browser that can be simply accessed through cloud-based ERP system.
- The vendor is accountable for the timely maintenance and to keep the system up and running. You don’t have to worry at all about the hardware components as they are well monitored and managed on your behalf. You don’t require any assistance of internal IT resources for its management. In fact, this aspect is utmost crucial in case you are not competent enough to run a dedicated IT department.
- You no longer have to incur huge upfront cost on integration that at times takes months and years to complete. One of the principal differences between a cloud and on-premises software system is that of cost. With an on-premises system, you are supposed to pay a huge upfront cost as you have to procure genuine software licenses and bear the cost of integration all at once. While cloud-based applications, integration costs is comparatively lesser. This makes it quite simple to manage the expenditure as per your operational budget, which further helps you improve your cash flow.
- Last, but the least you only have to pay for the resources you have used. Interestingly, you can increase and decrease the number of users as and when required.
Hence, smartly manage your business opportunities, orders, and operations through cloud-based ERP solutions.