With the agile business requirement and availability of cutting-edge technologies, Enterprise Resource Planning (ERP) solutions have always been a proven solution for business growth. More than ever it has become very crucial while maintaining the supply chain, marketing, sales, customer data, Business patterns, planning, and much more. This pandemic situation COVID19 has made the business owners think about going with cloud-based ERP software that can be accessed from anywhere at any time giving more accessibility in a secure environment.
Talking about Cloud Computing, it is not just an innovative idea but a reliable business solution, for all kinds and scales of business. Failing to use its advantages for ERP can cost redundant errors, staying behind the trends, and upscaling. With cloud computing, a small business can take the benefits of large-scale soft solutions and avoid issues that formerly deterred them. There are many reasons for which companies are moving their on-premise ERP to the cloud. Let’s look at them to understand better.
1. Affordability: Cloud-based ERP systems require minimal primary capital
Having a cloud-based ERP means you don’t have to bear the cost of IT infrastructure, installing hardware, training employees for system and software, and other maintenance costs. Lower cost of ownership is one of the main reasons why companies are moving to the cloud. The cloud-based ERP systems use the SaaS (Software as a Service) model that provides software that avoids many financial meshes like the one that occurred at Nestle’s in the early 2000s.
You can achieve ROI faster compared to an on-premise setup. Since the subscription is monthly/yearly based, you can cancel or upgrade your plan anytime. Data is yours, but hardware, Infrastructure maintenance, data security, are of the cloud service provider. This saves significant money especially at the initial phase and at the time of competitive ongoing costs.
2. Deployment: Easier implementation and deployment strategies
On-premise ERP encounters disasters during the implementation phase. That takes tall on the production and innovation of the business. It is time-consuming, involves all the departments, disrupting their everyday activity, and in the end, the whole business scrambles to keep up.
Cloud-based ERP is designed to tackle these issues head-on. They can be deployed in a few weeks, are responsive, more adaptable and has familiar software functionality with which the employees are familiar. Intuitive dashboards and hands-on data about all the parameters you want, limited or no employee training, and results right away.
3. Collaborations: Increased Visibility and Extension Opportunities
The Cloud model enables easy communication between departments. It gives a 360-degree view for monitoring all your business activities. It allows multiple users to share data and fosters accountability, cooperation, and transparency throughout the organization.
- It provides decision-makers with real-time, updated data about the business ecosystem and provides better communication strategies at every level.
- Opportunities to streamline processes to identify resource management, waste or necessity of resources, etc.
- Enhanced third-party collaboration by easily sharing and receiving key data.
- As real-time data of every department is available, it makes it easy to check all users and customers throughout the system.
These enable the company to gain situational awareness and respond quickly to them.
4. Security: Cloud-based ERP is secure than ever and a perfect place for corporate data
Data security in the 21st century is a priority. Cloud vendors tend to have the most secure hosting environments because their stakes are so high. With tons of data in their storage, Today’s Cloud vendors have a package of security tools compared to on-premise ones. Key highlights are:
- Continuous, autonomous, and simultaneous updates on security without changing the user experience or having additional tasks.
- Several Backups at different geographically separated servers
- System backed by cyber and cloud security experts providing network and data security.
Looking at these features, on-premise ERP systems seem to be obsolete. The security experts take care of your data integrity and avoid potential risks like data exchange in public wifi.
5. Updates: On-Cloud ERP have faster updates with lower costs.
Regular software upgrades, along with bringing in new and efficient hardware isn’t a thing for on-premise ERP. Cloud-based ERP have periodic updates enhancing the software capabilities significantly. Those upgrades don’t cause any disruption to the company’s ongoing business. Software upgrades automatically so, less requirement of outside help, fast up-gradation, and better results.
These upgrades consume significant IT labor and can be a long arduous process if the business doesn’t have engineers. The worst-case scenario can be where different departments have different versions of software.
6. Scalability: Cloud-based ERP can expand easily.
This is one of the major downsides of on-premise ERP. The current hardware is already in use, the technological changes are rapid, and investing in the Internet of Things and other scaleable improvements adds up a lot of costs.
Cloud-based ERP seamlessly includes all the required technology in their stack. You can upgrade your plans for the service you buy and can also buy additional licenses and access to extra users according to your business needs. This improves the ability of the company to grow, take new people and partners.
7. Competitiveness: Solutions that fit business at any level.
Cloud computing keeps companies agile in their business by providing intuitive and useful advantages through elegantly powerful solutions. Bizsuite is one of them. Users can access data from multiple locations. Deploying Business Intelligence in Cloud Services is significantly increasing.
Chosen functionality based on the company’s needs and price. Built-in knowledge maintenance, portals for different users, with minimal risk and high efficiency. All these factors give your business the required boost with ease of implementation, quick results, and lower cost.
All the above-mentioned points on cloud-based ERP are proven and working points that are working behind the scenes of larger companies and giving the desired results.
Bizsuite which stands for Business Management Suite is a cloud-based ERP. It is a highly flexible and versatile Operations Management System. This allows you to put your business on Auto-Pilot and it works into your style giving you all that you need for running your business operations smoothly. It provides highly easy-to-use interfaces that anyone can easily learn to use in no time.
BizSuite helps businesses from small to SME to large corporates manage all sorts of operations and processes such as starting from sales and leads, inventory, human resources, project management, procurement and purchasing, after-sales and services, asset management, etc. With multi-branch and warehousing systems, BizSuite just fits into your business requirement.
We at SmartinfoLogiks understand, Business is not about today’s requirements, it’s about what you will need in coming times to manage and grow together while maintaining a profitable baseline. During this pandemic when all offices are operating remotely, it is a mandate to implement cloud software that will strengthen your staff in managing their daily routines. Also, it helps to optimize business processes with less man-hour with more ROI. Check more about Bizsuite here.
Book an appointment with our business team here, we will be more than happy to help you.