If you’re a small or mid-sized organization, making a decision to implement ERP usually is a major milestone. It means you recognize the overall advantages of ERP and how it is designed to drive improved business efficiency across the entire organization.
Move your ERP into the cloud and you not only benefit from the software-as-a-service model (SAAS), but the rewards of not having to manage your financial accounting solution internally.
For small and medium businesses, ERP cloud can help an organization:
1. Focus on running their business rather than managing technology.
For any organization, managing back-office legacy systems can put a strain on internal IT resources. Then there’s the added requirement of expertise and best practices in order to ensure optimum performance, scalability and security.
ERP Cloud provides small and medium business owners with a better way to manage their technology because they no longer have to worry about integration and deployment, time-to-value and cost of ownership. Instead, they can focus their efforts on mapping business planning to executive goals that will have the greatest impact on the bottom line.
2. React quicker to critical business issues.
ERP is seen, by many organizations, as a means to adopt advanced business strategies that will allow a company to be agile, resilient and competitive. For small and mid-size organizations, being able to respond quickly to the needs of the business is becoming more important in order to be proactive and remain competitive.
When an organization adopts ERP in the cloud, they have the ability to react faster to managing operational capability, which in turn will drive agility and the ability to re-direct resources when new opportunities arise.
Scalability is a good example of how an organization can seize an opportunity by adding users during seasonal peaks. Not only does it allow the business to be more competitive, it also allows business owners to take advantage of the flexible options available with cloud technology.
3. Eliminate capital outlay.
For many organizations, implementing ERP is a major commitment not only because of the capital investment required but also the time, resources and executive buy-in and support needed to guarantee success.
For a small or medium business, ERP Cloud may be more advantageous as business owners now have the power to:
- Alter their financial model in a positive way that requires little or no up-front investment.
- Forecast for the short and long term.
- Rely on the innovation that cloud technology brings – the next generation of computing.
4. Improve their technology infrastructure.
Today, winning organizations are choosing ERP cloud because they can better utilize smart technology to plan for and manage security/compliance while integrating the cloud footprint across the entire enterprise.
While traditional on-premise ERP systems plant the seed for developing best practices, ERP cloud may be more appealing to small and mid-size business owners in terms of securing their data in a controlled environment, flexible scalability options (not always available with on-premise systems), 24/7 data access and a convenient pricing structure with a predictable monthly fee.
Before you make a commitment to ERP, consider a cloud solution that will help you better manage the internal details of your business while giving you proactive options to improve the bottom line of your business.