Enterprise Resource Planning (ERP) software that connects your finance, accounting and operations data is a must have in this competitive age, particularly for dynamic and fast-growing companies to be a step ahead of their competitions.
ERP is the most impactful technology an organization can implement and it can actually make a difference in the way of doing business. It improves organizational collaboration, automates and streamlines workflows to help identify the best-fit solution that can meet the business needs along with the financial goals. Therefore, in order to utilize the potential efficiency, information accuracy and cost benefits, organizations must embrace ERP system. Businesses need to understand how an ERP system can add value to their business by making their job easier meeting new demands and focusing on value creation.
According to Gartner, by 2018 some 30 percent of companies’ will moved their ERP applications to the cloud. There is a plethora of reasons why one should go for Cloud ERP. A few of them are:
Greater Efficiency & Cost Savings
The fundamental advantages of the cloud are well established today. By choosing the Cloud ERP, organizations can avoid the high upfront costs of on-premise solutions as they “pay only for what they need”. Also, it helps in removing a layer of cost uncertainty to shift IT expenditure from CAPEX (capital expenditure) to operational expenditure, which align computing costs more sympathetically with growth. In short:
- Low-cost upfront investment
- No additional hardware investments (e.g., server infrastructure)
- Predictable cost
Drives Business Flexibility & Innovation
ERP software is designed to make business processes (sales, manufacturing, accounting, invoicing, etc.) more efficient and innovative by offering rapid scalability, pay-as-you-go pricing, offering tools to innovate, and eliminating the burden of client-software.
Additionally, it also offers SaaS and provides the flexibility and efficiency required to reduce the cost of innovation, allowing new ideas to be implemented faster and sooner than legacy software solutions – making Cloud ERP both efficient and innovative.
Highly Customizable & Easy to Implement
With Cloud ERP, organizations can work with various vendors/solution providers in order to customize their solution aligned with their requirements. Also, it typically takes less time to implement compared to on-premise which significantly takes longer time frame to implement.
In addition, Cloud ERP solutions can be continually upgraded by the provider assuring that we are in sync with the latest, most advanced version of ERP software without additional investment.
Improved System Performance & Accessibility
Cloud software architecture is designed from the scratch in order to provide maximum network performance. Moreover, to adapt/cope up with ever changing demands, Cloud-based ERP can provide optimized performance.
If there is a spike in your business, cloud ERP automatically adjusts and dynamically provisions additional resources to handle the surge.
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