A Cloud ERP system is a form of enterprise resource planning (ERP) solution, which is a program that businesses use to manage information within your organization. A cloud ERP system refers to ERP tools and software provided and maintained in the cloud, compared to hosting your system on location using your own IT infrastructure.

Although every company that operates today is different, they are all facing similar challenges. In order to compete successfully in today’s market, they need access to technology that allows them to innovate, scale, and develop quickly. Companies need modern, globally linked, and constantly updated technological tools and systems. This will enable them to devote more of their time and resources on pursuing growth strategies, and less on day-to-day (IT) management.

As technology advances and grows, more organizations of all sizes are willing to implement cloud ERP systems. This popularity is largely a result of cost, reliability, speed, and access factors.

Benefits of a Cloud ERP System

1. Everything under one roof

One of the key benefits of cloud ERP systems is that it provides superior platform integration, enabling companies to gain greater business value from other cloud technologies. Companies often purchase and use various products separately with on-premises systems which can quickly lead to unorganized business infrastructure.

Cloud-hosted ERP systems like CloudOne are usually offered as a package that will help manage multiple business processes such as CRM, financial management, accounting, and much more. This will create improved system integration and more detailed monitoring and reporting. It allows companies a better overview of their data as all the resources used to access. In addition, they can evaluate data that are housed in one location – the cloud.

2. No more complex IT maintenance

Cloud ERP systems enable service providers like ourselves, to consistently help innovate companies by offering automated software updates. It not only saves company leaders time and money, but it also means that they can use the latest state-of-the-art technology and that their software grows with their company as well.

Another benefit of this system is the consolidation of all cloud ERP systems, meaning the software providers like us, are responsible for handling storage, data centers, and most importantly security. Providing great relief so that companies can devote their time and attention to the main day-to-day activities.

3. Save money

On-premise ERP systems have physical databases to manage which require personnel. The moment companies make the switch to the cloud, cloud-software providers like us, handle it for them. This will greatly reduce IT (employment) costs. Which could lead to net savings of hundreds of thousands of dollars depending on the number of IT administrators a company needs to manage its database systems.

4. Cloud ERP systems are future-ready

A Cloud ERP system is perfect for your future workforce since the next generation of people, millennials, are used to using smartphones and other mobile devices. On-premise ERP systems lack an app capability compared to cloud ERP systems. In order to attract the talent of tomorrow, companies will need to innovate in order to succeed and grow in the digital age. Organizations have to implement technologies and solutions which are easy to use, like cloud solution apps, for younger talent.

5. Become ready for market disruption

The Cloud ERP systems will relieve a lot of the pressure that SME’s are feeling from massive companies like Amazon as well as small start-ups. Because those companies create constant competition in the market which makes it challenging to retain a competitive advantage. However, cloud-based systems are quicker, simpler, and cheaper to deploy than on-premise ERP systems. Furthermore, it drives businesses more agile, more versatile, and better prepared to respond to market disruption. The adaptability of cloud-based systems also makes it ideal for companies of any scale.

6. Quick to implement

It is never a great idea to rush into a business decision. This is especially true in relation to ERP systems. That being said, installing an on-premise ERP solution is certainly a more drawn-out, time-consuming activity than deploying cloud-based systems. Nevertheless, cloud-based systems are incredibly easy to deploy and configure. Moreover, Cloud-based systems can be up and running almost immediately provided you have done your due diligence beforehand. This allows more flexibility for companies to focus on transitioning into a more effective running business.

Is it safe to use a Cloud ERP system?

Yes, they are. Many companies switch to cloud ERP to prevent data breaches because they offer a very stable hosting environment. Some business owners are still worried about cloud security, but they don’t know how careful professional cloud-software providers like us are about security, due to the stakes being so high. But is data in the cloud really more difficult to protect than on traditional on-premise infrastructure? What do the experts say about Cloud services?

On-premise ERP software aggregates information through a centralized, secure server network. The cloud ERP solutions use the same configuration, but the cloud providers host and maintain the servers which are housed in secure locations. They take the burden off your shoulders to protect the network. The cloud system providers also utilize protection investments in infrastructure and controls in the platform on which their applications are based, such as the SAP Business One platform. By complying with industry-standard audits, cloud ERP vendors also apply their own control systems, security, and more.

Conclusion and the next step

An ERP system is one of the most essential resources an organization can use to preserve a market advantage. A cloud ERP system signifies an exciting change in how companies use ERP to enhance business operations, switching to more forward-thinking solutions that are more responsive to business needs.

CloudOne is a software-as-a-service powered by the well-known SAP Business One ERP system. CloudOne is designed to help businesses reduce IT costs, improve performance, enhance security, and grow at their own pace through the use of advanced analytics and innovative technology.

CloudOne ensures excellent and highly secured cloud hosting offered by Axxis Consulting. Ask us any questions to know more about our cloud ERP system.

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