Here’s 5 Business Benefits of Implementing a Cloud Based ERP System

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Here’s 5 Business Benefits of Implementing a Cloud Based ERP System

In today’s highly competitive marketplace small to midsize businesses are providing unique services to increase customer loyalty and upsurge productivity with the use of automation key process. Business process automation – ERP systems are eliminating manual processes and connecting disparate business systems by providing a centralized location for better business opportunity, visibility and data driven decisions.

Traditionally, once all the ERP systems were sold as on-premise packages, generally installed on client work locations and maintained by internal servers, which store data from these systems. These systems are completely dependent on IT infrastructure maintenance, do not provide or create the flexibility for growing businesses who need to connect to business systems, in real-time like anywhere and anytime. However, the arrival of cloud ERP systems has completely changed the scenario for small to midsize businesses with a cost-effective, flexible and alternative to traditional on-premise ERP systems.

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What Is Cloud ERP?

ERP – Enterprise Resource Planning (ERP), that make use of cloud computing as the form of software service delivery. In summary, a cloud ERP system is referred as a cloud based ERP system, which is delivered in the Software as a Service (SaaS) model. And it is also referred to hosting a traditional on-premise ERP in a cloud environment, such as, private cloud, virtual private cloud or public cloud environment.

Why Cloud ERP?

Cloud ERP systems has numbers of benefits to offer like, auto updates – in the cloud based ERP systems, less in-house IT maintenance, lower upfront costs, workforce mobility among others and many more benefits are out there. Fundamentally, your cloud ERP systems could be an essential key to create flexible and unified business system with easy access to data from all areas of your business, including sales, customer relationship management, accounting, human resources and procurement, distribution.

Cloud technology, along with the cloud ERP – Enterprise Resource Planning systems, provides small and midsize businesses a significant competitive advantages. Let me get you through some of the main benefits of cloud computing to small and midsize benefits.

1. Real-Time Data

Real-time access to data has numbers of benefits of cloud technology. By having your team operate in the cloud, every individual with,authorized access can have a look at the same source of truth – updated information that automatically provides data synchronization across the business. Like, there is no more need to email reports around and make changes on local copies and then revert back in email, someone’s is updating a master copy.

2. Security

When it comes to security, cloud ERP has significant advantages over on-premise systems.On-premise systems, servers are kept at the physical location.Sometimes it is considerable as a little less secure than many business owners. If you’re having such types of systems,then you should definitely think about whether your servers are accessible by office and cleaning staff r locked up.And also need to be ensure that are they in a cool, air conditioned location and increase the longevity of your hardware? And is the data being backed up to off-site disaster recovery, in case if unfortunate happen at your location?

The cloud based software removes these security flaws completely. In the cloud, your vendor keeps your data in high security server sites, with inbuilt backup and redundancy.

3. Disaster Recovery

Cloud based software, containing SaaS, can eliminate the need for disaster recover all together. NetSuite, world’s #1 global cloud ERP, have a readily available data recovery fact sheet that provides in-depth detail on what a cloud ERP vendor does on behalf of you, to keep your data secure and always backed up.

4. Collaboration and document control

When files and data are kept in the cloud, all the allowed members have access to the same information and the benefits of this real-time data are obvious and there are clear benefits when looking at the file.

When it comes to traditional file sharing, you will need to collaborate with people on listing of information and then you will need to email it around. And every individual will be required to save it to their drives and make changes and then email back. At last, you will end up with multiple documents and someone from the permitted member need to combine them all manually. However, with a cloud ERP solution, all comments and changes are made in one central database of information.

5. Remote access & flexibility

With cloud computing, you and all of your employees can work from anywhere. You are no more required to be on a particular computer. As you can access your files and data while travelling or while at home and can save a huge amount of time.

Conclusion

The latest trends indicatethat most small and midsize businesses are already using, or soon planning to use, cloud computing technology.As they are having an access to the number of benefits and can leverage the competitive advantages of cloud computing that I have outlined above. Cloud software, such as cloud based ERP solutions, can help you organization to stay competitive, help you run your business efficiently along with securely, adapt quickly as well as keep growing with continued strength.

If you are convinced with what I am saying above and if you are interested in knowing about cloud technology and what it can do for your business, then you should definitely get in touch with http://epsoftech.com/. Hire OpenERP Development experts from us, we assure you to be your one-stop solution for all your business needs.

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