Cloud-based ERP (Enterprise Resource Planning) solutions have become more and more popular in recent years, and with good reason. Low up-front costs, versatility, mobility, security, and convenience are all factors that have convinced many organizations to switch their applications from on-premises to the Cloud.
Traditionally, your on-premises ERP needed to run in conjunction with your other office and production processes. Having separate systems that didn’t always communicate easily led to a lot of duplicate effort, wasted time and resources, and frustration produced by non-integrated silos of information. Modern Cloud ERP solutions such as
When all departments in your organization have access to your shared data, they can work smarter and more productively.
Let’s look at five advantages you’ll want to consider if you are thinking of moving to a cloud-based ERP solution:
1. The affordability of Cloud ERP
Originally, ERP was earmarked for larger, enterprise businesses or particular niche industries, but with the advent of cloud computing, the cost and availability associated with Cloud ERP solutions have become more attractive to small and mid-sized businesses also. Businesses of all sizes and all types, e.g., financial services, hospitality, manufacturing and distribution, health care, to name just a few, can now have access to top-of-the-line full-service ERP software. Being able to incorporate many functions in one inclusive, integrated software application can save businesses money in the long run as well as having a lower start-up cost.
2. The flexibility of Cloud ERP
On-premises ERP can become something of a millstone when business needs or processes change. If you’ve invested a huge amount in expensive on-premises hardware and software, it’s likely that you will keep the business processes that work with that setup. Change will be difficult without expensive modification. Cloud ERP is more flexible. With Acumatica you have access to extensive apps as well as configuration tools which make it easy to modify to meet your changing needs while maintaining your key services.
3. The scalability of Cloud ERP
As your business grows and evolves, you may find yourself needing to add users and processes. Cloud ERP allows you to do that easily; on premises doesn’t. You can start small with low up-front capital investment, pay only for what you need, and then expand your commitments and scope as your business grows. Not only that, but you can also scale back if that becomes necessary.
By avoiding expensive hardware costs and restrictive software licenses, you can budget more effectively and focus your efforts on growing your business. Being able to scale resources up or down according to seasonal, operational, and market demand will be a benefit to any organization.
4. The agility of Cloud ERP
Agility is a leading asset of Cloud ERP. Being able to operate and adapt quickly to business or marketplace changes can set your organization out in front of the competition. With on-premises ERP, you could find yourself saddled with slow, outdated technology or have your business interrupted with updates and upgrades. With Cloud ERP, you are automatically upgraded to the latest technology available, and updates are done automatically behind the scenes. Even small and mid-sized businesses can have the power and speed of much larger organizations. The opportunity to adopt software as a service (SaaS), platform as a service (PaaS), or infrastructure as a service (IaaS) solutions with the latest technology advances increases agility across industry sectors.
5. The security of Cloud ERP
Cloud ERP providers build their businesses on the ability to ensures privacy, data security, and compliance. They are professionals when it comes to mitigating risk in the case of data or network disruption, whether due to cyberattack, natural disaster, or human error. With Cloud ERP, a network of security professionals can do what your company’s limited IT resources can’t. Security guarantees are a part of every cloud provider’s contract. Regular backups are automatic along with other important security features like multi-factor authentication, multiple data centers, geographically decentralized infrastructure, regular hardware maintenance, and a comprehensive disaster recovery plan.
Working with an experienced Cloud ERP partner like
If you’re ready to consider moving your ERP to the cloud,