In today’s complex business climate, the need for enterprise resource planning (ERP) is nothing short of essential. ERP connects operations data from accounting, finance and operations, helping to keep information organized and allowing you to glean insights that would be otherwise impossible to ascertain. While many organizations are used to local ERP solutions, things are quickly moving in the direction of cloud ERP software.
In almost every regard, cloud ERP is a better solution than the localized alternative—read on to learn why.
Cloud ERP is Cheaper than On-Premises ERP
ERP solutions may be crucial for today’s businesses both large and small, but that doesn’t mean it’s always easy to afford. On-premises ERP can be particularly expensive, as most companies do not have the funds to manage their very own data centers. This is where cloud ERP comes in. By simply paying a monthly or yearly subscription fee, a company can get the most out of ERP without having to worry about any major additional costs. For the savings alone, switching to cloud ERP is extremely worthwhile.
Cloud ERP Allows You to Scale Effectively
Those who have attempted to scale a business know exactly how complicated such a scenario can be. That said, scaling up a business is part of what it takes to experience true growth, and it’s something that should be celebrated. Scaling ERP is especially hard, and making the wrong decisions can prove to be quite costly. This is why having a customizable ERP solution on your side is so important, which is where cloud ERP comes in. If you’re looking to scale, look to the cloud.
Managing data can be hard enough as it is, but when you incorporate security into the mix, things become a whole lot more dangerous. This is especially true for companies that juggle extremely sensitive data that pertains to financial information, for example, which must be kept as secure as possible to avoid the potential for problems to erupt. When you utilize a local ERP solution, you need to take care of security yourself. While ERP resources can be helpful for learning more about security protocol, they’re often not enough. Cloud ERP is an entirely different ballgame, taking security concerns out of your lap and leaving them with experts who truly know what they’re doing.
Speed and Consistency
In order for ERP to be effective, it has to actually work. Up-time matters, as does speed and the ability to access the system as quickly as possible. Your staff needs to be able to input and access information with just a click or two—anything more could drastically affect productivity. Boosting ERP speed is certainly something that can be done in-house, but only if you have people on staff that are well-versed in doing this type of work. Otherwise, you’ll find the best solutions in terms of speed and consistency in the cloud.
Reliable Customer Service
No matter how well-designed an ERP solution is, you can expect to run into at least small issues at one point or another. Customer service can make all the difference in the world when problems pop up, but it simply doesn’t exist if you have an on-premises ERP. Those who would prefer to let the experts handle bugs and other issues for them will be very happy with a cloud-based ERP solution.
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