More than ever, small to medium-sized businesses are favoring cloud-based enterprise resource planning (ERP) solutions. While it may seem daunting to transfer your resource management systems off-premise, for most businesses it’s a smooth, streamlined process. Yes, there’s an initial learning curve, but most systems are intuitive, customizable, and cost-efficient. Here are seven reasons you should switch to ERP software.
- Data Management and Security
Most cloud-based ERP solutions have enhanced user-permission settings. What that means is greater security for all your data, including processes, financial, resources, planning, and inventory. ERP software offers a more robust security package than typical spreadsheet programs or document sharing solutions.
Software-as-a-Service (SaaS) providers monitor systems 24/7 and can patch any potential security exploits as soon as they’re discovered with automated, real-time updates for all users. Compare that with only discovering a security issue once there’s been a breach and then having to report the issue and wait for a response. Most reputable cloud-based ERP vendors support higher security standards than a typical small to medium-sized business can afford on their own.
- Knowledge Sharing and Community Support
With on-premise ERP software, customer support can be slow and expensive. But with cloud-based solutions, you have access to a vast knowledge base drawing on the experience and expertise of hundreds of thousands of business users. User forums for SaaS ERP solutions are active and efficient, providing experience-based resolution to issues in record time. You’ll have access to the vendor’s customer support service packaged into your monthly subscription. It’s a win-win, best-of-both-worlds situation.
- Improving Data-driven Business Decisions
Other advantages of cloud-based ERP systems are standardized data and integrated data management applications. In practice, that means better speed and accuracy when performing year-to-year analyses and forecasting. Most ERP software solutions offer a user-friendly, browser-style interface and dashboard.
- Facilitate Regulatory Compliance
Cloud-based ERP software systems facilitate compliance with government regulations. Most providers deploy GAAP as the standard in financial management software, for example. Integrated data systems increase ease of traceability across the supply chain. Compliance with data security standards is built in and updated for you.
- Automated Daily Business Processes
Most on-premise software solutions demand hours of employees’ time to run even basic processes. Cloud-based ERP systems allow you to automate operational and administrative processes such as linking orders to accounts, sales reporting, human resources management, manufacturing processes and distribution tracking. This leaves your employees free to concentrate their time and creativity on revenue enhancing processes rather than process management.
- Your Business in Your Pocket
To access on-premise ERP software systems you have to be on the premises. But most cloud-based providers offer integrated native applications for mobile devices. More than just allowing you to keep in touch, this means you can monitor key performance indicators such as sales, revenue, acquisitions, and web traffic in real time wherever you are. You can carry the office with you in your pocket and access and manage data on the move.
- Competitive Pricing and Customizability
The SaaS cloud-based ERP software solutions market is growing. That means it’s competitive and good for customers. The upfront and on-going costs of cloud-based solutions are favorable for small to medium-sized businesses as there’s no need for investment in hardware, infrastructure, added staff training, or licensing. As vendors compete for your business, they’re offering ever-more flexible and customizable products so you’re almost certain to find a solution tailored to your needs.
The operational capabilities offered by cloud-based enterprise solutions are attractive and cost-efficient. Coupled with enhanced process automation an intuitive, dynamic user interface and mobility, there’s little competition. The future of enterprise resource management is in the cloud. Smart businesses bring the future forward. Now is the time to switch to cloud-based ERP software solutions.