5 Ways Cloud ERP Can Help Finance Leaders Build an Ideal Business

Cloud enterprise resource planning is valuable for any business interested in creating a contained, accessible and scalable infrastructure as they grow. Finance leaders can use cloud-based ERP to help them improve productivity and manage growth while also reducing their overhead costs. With impressive ease of access and the ability to allocate new resources on demand, cloud services are quickly becoming the go to solution for a variety of industries.

  1. Cloud ERP Can Be Deployed Quickly

A cloud ERP does not require the installation of physical infrastructure; it can often be deployed within minutes, making it incredibly useful for those who are just launching an idea business. Companies can get to work immediately rather than having to invest in, set up and configure physical equipment. Cloud solutions can also be deployed on a budget, making it ideal for lean startups.

  1. Cloud ERP Is Accessible From Anywhere

Mobility and accessibility are two key components to a cloud ERP. When building a business, finance leaders need to be able to access their data and work at any time and potentially from anywhere. A cloud ERP makes this trivial. Companies can also outsource labor as desired and pull from a talent pool of global candidates rather than being limited to the availability of those in their location.

  1. Cloud ERP Can Grow With a Business

Building a business means scaling upwards -- and sometimes quite quickly at that. With traditional solutions, a business may need to invest quite a bit of money and time into scaling upwards. Cloud solutions scale automatically, reducing the possibility that a company may run into a bottleneck and eliminating many major IT and overhead costs. Cloud solutions are also elastic, so they can scale upwards quickly during busy times and then scale downwards once activity has returned to normal -- perfect for industries that have seasonal increases in activity and ideal for those who do not want to pay for resources they don't need.

  1. Cloud ERP Is Affordable

If there's one thing those in the finance industry look for, it's a cost-effective solution. Cloud solutions are often looked to by those watching their budget, as a cloud solution significantly reduces operating overhead. With a comprehensive cloud ERP, a business does not need on-site IT personnel and does not need to pay expensive upgrade costs throughout the life cycle of their software solution.

  1. Cloud ERP Fosters Collaboration

A cloud solution can be accessed by an entire team at once, regardless of where everyone is and what they are working on. This ability to create a unified system of communications and resources greatly enhances planning and collaborative capabilities. When creating an idea business, the ideas need to be at the forefront. A cloud ERP solution can offer this.

Fast deployment, elasticity, scalability and accessibility are all key features of a cloud-based ERP, making cloud ERP the best solution for virtually any industry. Cloud solutions today are incredibly secure and robust and can be deployed for a variety of needs.

Learn more in the "Turbo Change Finance for Growth with Cloud Financials" whitepaper

By Socius, an Ohio Cloud ERP partner

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