ERP (Enterprise Resource Planning) software that connects your finance, accounting and operations data is a must have in this day and age, particularly for dynamic and fast-growing companies. Yet, ERP software can be too expensive and too hard to manage for some growing companies… or so they think.
Cloud ERP can be a great choice for growing organizations. Cloud ERP offers variety of benefits that companies will find very appealing. Read them below:
Less required resources
The main draw to cloud-based ERP solutions is that you don’t have any additional capital outlay for networking hardware. Since you are buying subscription from your SaaS provider, you don’t have to buy new servers to house the application or databases, nor do you have to hire people to install, troubleshoot and manage hardware and software associated with your ERP solution. That is all covered in your licensing costs.
At one point in time, people thought that housing sensitive data in the cloud went against best practices when it came to security. Then they started to see how ERP cloud vendors could actually provide a more secure environment in most cases. They hire the right people to manage the tools and appliances that keep data safe. They are responsible for testing for vulnerabilities and patching systems with exposed weaknesses. While you still have to take a hand in making sure that your data is safe, reputable cloud ERP vendors act as your partner when it comes to security measures.
Cloud ERP is flexible because it can be accessed from anywhere with any Internet-enabled device. It means you have the ability to make good business decisions no matter where you are from a laptop, tablet or mobile phone. You can also share data more easily across locations and departments, and because everyone in the company is interacting with centralized data through a common interface, the likelihood of interpreting the data differently between functions is lessened and opportunity for collaboration is increased. Finally, data that is in a Cloud ERP is easier to use with BI tools designed to work with data in the Cloud, providing you the flexibility to choose which reports and dashboards will work best for your company.
Your company can use different strategies to divide up production and service area tasks in a comprehensive ERP suite. Because employees in different departments use the same suite, managers can create profiles giving them limited access to business systems in other areas. This enables true process management, in which employees from one business function assist with tasks in another service area according to fluctuating operational needs.
Scalability with growth
ERP cloud applications enable business leaders to act immediately if they need to scale. Typically, after a pilot period, they can evaluate success and decide in what manner and at which pace the functionality can be rolled out in the business.
Because Cloud offerings are “evergreen” services, there is no risk of the technology becoming obsolete. You are always using the most recent version of any particular technology, and do not periodically need to rip out the old and replace it with the new.
Manufacturing cloud ERP modules represent every step in the manufacturing process to increase efficiencies, control costs and, ultimately, increase revenue. Seamlessly, manage sales orders by converting customer quotes into product orders. Manufacturing software helps companies plan what to buy and make in time to build products.