What Is Cloud-Based ERP And Why Your Company Needs It?

Cloud-based ERP is enterprise resource planning software that is accessible over the Internet. As the IT backbone or brains of a company, cloud ERP software provides advanced functionality for all the core processes in an organization.

Cloud-based ERP

Benefits of using a cloud-based ERP

There are extensive benefits to using cloud-based ERP systems, with the following being leading reasons why businesses opt for cloud ERP solutions over on-premise.

Cost

One of the most enticing benefits to cloud ERP is the lower upfront and ongoing operating costs as compared to on-premise. Ongoing maintenance and upgrades. Companies to only pay for the resources they need and not continually accrue various expenses that branch off from their initial software investment. Not only are costs reduced, they’re also more transparent. Cloud ERP users will either pay a monthly subscription or follow a pay per use model, making costs predictable and easier to manage.

Upgrades

On-premise ERP solutions require significant time and, potentially, hired contractors to perform necessary software updates and upgrades. A cloud ERP system, can take as little as 30 minutes and typically occurs off hours. Combined with the fact that vendors take care of updates results with little to no burden or interruption to the business means systems are always equipped with the latest, most valuable technology.

Implementation time

Implementation is often one of the biggest challenges businesses face when enlisting new software. It can be a lengthy process that commonly extends beyond target deployment dates. Cloud ERP solutions fortunately reduce implementation times greatly. The implementation process for cloud solutions is much quicker and far less complex for a business.

Security

Having an outside vendor host company data is understandably concerning for any business, reputable cloud-based ERP providers tend to provide a higher level of security and compliance than businesses alone can typically afford. On premise solutions come with the risk of considerable data loss, especially in the event of a technology failure, natural disaster or theft.

Integration

Cloud systems are also able to easily integrate with many other solutions, such as QMS, MRP and CRM software. Some cloud ERPs even have full-service enterprise platforms that seamlessly work together for streamlined communication and management across a variety of business functions. Don’t underestimate the measurable benefit integrated solutions can have on business success. Connecting your ERP and CRM solutions.

Conclusion

Cloud ERP success begins with selecting a qualified vendor that conducts a successful implementation, providing a business with a team of experts throughout the process. The key to success when setting up businesses using cloud systems is a partnership between the business and vendor. A successful implementation is a journey, and vendors and businesses must be open and limitations to get the desired end result.