How Cloud ERP Software Can Add Value to Your Business

A Cloud ERP software can definitely add game-changing value to your business.

Background for Cloud ERP Software

The cloud model for ERP deployment is fast gaining popularity amongst leading SMBs. A Cloud ERP Software solution offers the benefit of lower investment requirements. It also has the flexibility to have access to it anytime and anywhere.

In other words, adopting a cloud-based ERP could be a game-changer for any business no matter how small.

Traditionally, ERP systems were sold as an on-premise model. They were run on the client’s IT equipment and client servers for storage. Above all, the cost structure for them was too prohibitive for an SMB.

However, this has changed with the advent of the Cloud ERP. A cloud ERP is a SaaS (Software-as-a-Service) solution that offers a high level of functionality comparable to legacy ERP solutions.

Some of the key benefits of adopting a Cloud ERP

IT advantages

Infrastructure and support are the responsibility of the solution vendor.

You are freed from the investment burden of buying and maintaining new IT assets.

Business Advantages

Some incentives for adopting a Cloud ERP for Small businesses are better real-time monitoring of business processes, problem-solving, inventory reduction, lower operational costs, better compliance, etc.

In a cloud ERP, the license fees are paid in a flexible manner based on a lease-based model. You do not need to pay heavily to acquire the license exclusively. They can be provided for in an SMB’s budget without impacting profits in a big way.

In addition, scaling up the number of individual users is easier in most cloud ERP solutions with affordable upscaling payment models. On-premise systems take a substantial time to be up and running while a cloud ERP can be up and running in a few hours’ time.

Additional Advantages

The benefits that you can expect are:

Waste elimination especially in process flows and in entering and accessing data
Real-time data-driven decision making across business functions that are optimal in terms of the actual situation on the ground
Higher levels of productivity
Identification of contingencies before they occur
In addition, Cloud ERP is easier, transparent, and accurately reports business data with easy customization of reporting.