The pace of change today is more relentless than ever before, with supply chain shortages, rising gas prices, inflation, and shifting customer needs posing challenges for businesses. To keep up, businesses require smart and automated processes that can adapt to any situation, innovative technology to support new business models, and real-time and predictive insights to navigate in the right direction.
On-premises ERPs offer some control and customization, their drawbacks in terms of cost, complexity, and scalability often outweigh their benefits for many businesses.
In today’s dynamic environment, cloud-based ERPs powers super agility and digital transformation – and offers wide-ranging benefits to modern businesses
Cloud ERP has some benefits that apply to almost everyone:
1. Meet future Business need – Cloud ERP like SAP, ERPNext has strong R&D team that always works on future business needs. By anticipating future challenges, they develop features that address them proactively, keeping clients prepared and adaptable.
2. Minimal infrastructure cost – ERP subscription service eliminate upfront purchase cost for hardware, ERP software, security, data backup. Ongoing IT and related staff costs are also negligible
3. Single source of trust data for data insights – Cloud ERP facilitates companies to integrate all standalone applications, legacy systems, all locations into a single cloud ERP. It provides a single trusted data source. Companies use this data for real-time analysis
4. Mobility in business – Cloud ERP facilitates businesses to provide information access to employees, subcontractors, vendors and customers – anywhere, at any time.
5. Data security – With cloud systems, ERP security, data backup and disaster recovery are handled by full-time, professional security experts with the best data security;
6. Quick implementation – Configuration of a cloud ERP system is much faster than on-premise deployment, because your SaaS supplier handles the hardware and software installation. Cloud ERP business applications are bug free and can be configured easily. The intuitive user interface makes it fast and easy to learn how to use the app.
7. Scalability – As growth can be hard to forecast, scalability is important. With a SaaS ERP solution, you can simply add additional computing power or data storage capacity if you experience rapid growth, rather than incurring a large capital expense.