Effective planning, management and utilization of resources are quite essential for successful business operations. It allows enterprises to allocate the right resources in the right areas and execute business projects efficiently.
The basic requirements for a sophisticated resource management system led to the origin of ERP in the 1990’s. ERP (Enterprise Resource Planning) is software specially designed to manage and optimize critical business processes in a unified manner.
With the advancements in technology, the concept of ERP evolved and gave rise to Cloud ERP. It allows businesses to host ERP software on a Cloud platform without having to invest in any hardware or data center. Mentioned below are the top four reasons why adopting Cloud ERP service is a better option for growing enterprises in today’s dynamic business world.
Affordable and Easy Implementation:
In contrast with the traditional on premise ERP systems, Cloud ERP is relatively easy to implement and cost effective. It is particularly favorable for small enterprises since it cuts down the initial capital investment and hardware installation costs. It doesn’t require an in-house data center or maintenance team, implementation is rapid and simple. All the data is stored, maintained and accessed over the Cloud, hosted by a third party vendor.
Flexibility and Integration:
Agility is a prerequisite for business growth today. Cloud based ERP programs offer improved flexibility, accessibility and easy integration, a must to support dynamic business models and diverse requirements. ERP systems widen the scope for implementing tailor-made features to meet specific demands. They’re also compatible and easily integrate with new age technologies, applications, servers and systems. Applications on a Cloud ERP work in an open environment with easy accessibility. It allows employees to access information anytime, anywhere using any device with a secure internet connection.
Enhanced Security:
As business operations become more and more data intensive, ensuring data privacy is an absolute essential. Recent cyber security attacks have increased the challenges of maintaining data security across on premise ERP centers, since they may not be adept at responding to cyber security protocols. Cloud ERPs on the other hand, offer a higher degree of information safety and ensure secure encryptions.
Improved Business Performance:
Compared to on premise ERP systems, Cloud ERP solutions are faster and more scalable. It helps businesses streamline performance across all key areas of operations, including efficient resource planning and allocation. Cloud ERP systems run on strict SLAs and standard procedures, leading to fewer downtimes and increased speed.
ERP solutions are not just cost effective and secure, they’re faster, easy to use and highly agile. It is gradually taking over legacy ERP systems and is being preferred by most enterprises. If you too have been contemplating on the idea of adopting a modern and scalable ERP solution, now you know why Cloud ERP is your ideal option.
