Connecting and collaborating with different teams in different locations. Leveraging unparalleled insight into all areas of your business, including inventory and order management, accounting, human resources and more. Harnessing Cloud-based ERP Software to bring together real-time information on your company’s inventory and financials for faster, more informed decision-making. Adopting a faster, more flexible and scalable business management solution – one that you can expect to aid in increasing productivity, saving money on overhead, and securing more customers.
Sounds pretty good, right? Sounds like cloud ERP. The advantages of cloud ERP include reduced hardware maintenance and energy costs, support for collaborating on business-critical information in real-time, less time spent on upgrades and backups, as well as exploring technology-driven options for creating additional users quickly and easily and accessing the latest cloud tools and technologies to do so.
What Cloud-based ERP Software is the best?
Many business owners and managers wonder what type of cloud based ERP software is right for their business. Typically, the size and type of a business dictates whether cloud-based ERP or on-premise ERP is the right choice. For example, a relatively new small business that doesn’t have a lot of well-defined business processes or sophisticated IT will be able to implement and use a cloud based ERP cloud system quickly and easily. On the other hand, a larger business with complex requirements may get greater ROI from cloud ERP software that they can customize. Cloud-based ERP solutions are typically cheaper to adopt and implement than on-premise solutions, due to the nature of SaaS.
Today, businesses of all sizes, across a spectrum of industry sectors, are using cloud software to manage almost every area of their business. Earlier this year, CIO, in conjunction with Sage, carried out a survey of 100 CIOs and senior IT decision-makers to find out about their cloud usage and views on cloud-based business software. The results? Sage discovered that a huge majority of respondents (71 percent) are using business-critical cloud applications, with most of them praising the cloud for its efficiencies and ROI – a strong 90 percent of the respondents say they have had a return on investment from cloud implementation. Of the respondents who use business-critical cloud applications, such as ERP, 54 percent say they invested in them less than two years ago. A significant chunk, 46 percent, have been operating business cloud apps for more than two years, and a tenth of them for more than five years, indicating a reasonably high level of maturity among organizations.
Cloud-based, flexible deployment is the driving ERP move right now. By utilizing an ERP solution that is available as on-premise or in-the-cloud, your organization can maintain agility in today’s rapidly changing business environment.