Resources and productivity happen to be intrinsic to an entrepreneur. He/she often has to find a correct balance in between to take the business on the right track and generate revenue. Perhaps, the search has remained on to for years to find an effective tool for it, and luckily we found it in the form of cloud-based ERP. ERP adoption is no more a reverie. Gartner, a leading research and advisory firm, claims that within next five years, 47 percent of businesses or enterprises are likely to go with the cloud ERP shunning the legacy one. Administrative processes like financials, human capital management and procure-to-pay are the potential areas where ERP would cement its position soon.
Let’s explore that how moving ERP to cloud can impact your business bottom-line.
Improved cash flow, minimal start-up fees and a low monthly subscription
With no up-front investment and pay-as-you-go module, it’s not just affordable but convenient as well to shift ERP to cloud leaving behind the responsibilities of ERP implementation, maintenance, and software updating to the vendor. Hence, cloud ERP shapes a stress-free IT infrastructure, and is exclusively beneficial to smaller businesses, those on tight budgets, and companies with limited IT resources.
Minimum downtime and maximum compliant
With cloud-based ERP, systems are always up to date. Vendors keep on updating existing product with new released version to enhance its performance, security and meet changing compliance. Cloud-based ERP vendors abide by their service level agreements in order to provide high levels of availability to let you run your business uninterruptedly.Thus, workforces and customers always have access to the latest technological improvements.
Work from anywhere
By allowing your workforce to access software or services over a web browser with a cloud ERP, you can foster mobile professionals to stay productive from anywhere. Thus, they can deal with the real-time requests or complaints lodged by customers and take business revenue to a new height.
Peace of mind through built-in data backups and disaster recovery plans
A few ERP vendors do offer data backups and disaster recovery plans along with. Thus, it reduces the need to invest with network data storage and keeps you worry-free against data loss thereby allowing you to focus more on core business jobs.
Enhanced scalability & flexibility
Here, you pay what you need and consume, moreover, you can add and delete users as per your changing business needs. Thus, cloud ERP reduces the total cost of technology ownership which is always a matter of concern while adopting a newer technology.
Date: October 14, 2014