Cloud ERP is more than just a suggestion. Here’s why.
Whether you use on-premises ERP or advanced cloud ERP solutions, both come with their set of benefits. You make the choice based on the needs, business plans and structure of your company. You cannot weigh one against the other or against hybrid cloud environments. That said, there are reasons why businesses choose cloud ERP. Let’s look at these reasons:
Enhanced business intelligence – We have seen a great surge in the number of businesses switching to cloud-based business intelligence. Cloud technology empowers you to access data remotely without any complex technical configuration or strong IT teams. Cloud BI transformation is rapidly gaining popularity among the sales and marketing teams since they have great dependability on real-time data to analyse and improve the customer journey for the organisation.
As for data access and storage, there are various benefits that cloud ERP offers in terms of scalability and IoT integration in the organisation.
Faster Implementation – A major advantage of Cloud ERP Solutions is that implementing them takes a lot less time than the on-premises ERP systems. In fact, cloud technology can be integrated within 24 hours. Such swift deployment enables organisations to focus on business activities.
Focus on Core Competencies – A lot of business organisations rarely hire adequate IT personnel or are financially constrained to do so. As a business leader, you can opt for cloud technology as it eliminates the need for IT infrastructure and maintenance personnel and allows you to focus on your core activities such as payroll processing, marketing, customer experience enhancement and so on.
Cost Savings – For any business, saving costs is another way of increasing profits and cloud technology integration costs are low compared to on-premises infrastructure. It is not denied that there are recurring subscription costs, but, as a CFO, you may choose to save on costs of operation instead of incurring heavy capital expenditure. Thus, your best bet would be to opt for a shared cloud platform to further save on costs.
Less resistance by employees – Cloud technology is more advanced and flexible than the conventional on-premises software, and it can reduce employee friction within the organisation. It is not as if cloud technology doesn’t require training, but the benefits such as ease of usage as well as the resulting simplification of their jobs are more likely to make employees accept Cloud ERP over the on-premises ERP.
Strong Data Security – In the digital world, security breaches are one of the biggest concerns of any organisation, and there is a misconception among several CIOs related to cloud security. What they don’t realise is that cloud-service-providers take data security very seriously, and hence, they offer highly secure hosting environments. Such advanced security is difficult to install and maintain for most of the organisations. Thus, from a purely objective point of view, cloud ERP systems are much safer than the other options.
The above-listed reasons should be enough to implement cloud ERP, and as an enterprise, you should always take care of due evaluation and undertake thorough understanding of the available options before choosing your cloud ERP implementation provider.