An Enterprise Resource Planning (ERP) solution can help with avoiding business process breakdowns, but there are some that still struggle to find which deployment method works best for their organizations: whether it be on-premise ERP solutions or in the cloud.
While there are advantages of both, cloud ERP solutions are seeing a huge boost in today’s business environment due to easy access to business-critical applications at any time from any location. Cloud ERP also provides access to full-function applications at a reasonable price without a substantial upfront expenditure for hardware and software.
In a post from Space Coast Daily, available here, editors discuss four ways cloud ERP solutions can help prevent major business and process management disasters.
Scalability and Flexibility
Failure to adapt and lack of flexibility can force businesses to downsize, and in worst cases, can even force them out of the marketplace. The ability to fluidly scale is very important for organizations that want to keep up with changes and new trends in their individual industries. Cloud ERP software allows companies to pay for services as they’re needed, otherwise known as a subscription model. Flexibility in an ERP solution allows for a more competitive advantage (for the company) and a profitable business model that has the potential to save companies from an ERP failure if they need to quickly change direction.
Avoid Cybersecurity Risks
The security of data stored within your ERP system should be a number one priority. Some believe a cloud-based platform isn’t as secure than a local server or on-premise solution, however, this is false. Cloud ERP software can aid organizations in keeping their data private and more secure more. A good cloud ERP vendor knows that the security of their customer’s data is important to their survival, this is why they’ve taken measures to provide exceptional service when compared with local networks.
Cloud-based ERP vendors hire the best talent in data security to maintain security measures. If you’re still wary about cloud security, it may help to know that it allows for laptops and other devices to be disable from the network if they’ve been stolen or compromised in any way.
Cloud ERP software allows integration of all departments within a business, which brings all of the company data onto one collaborative platform. This can be accessed by all employees with an Internet connection. In this way, cloud-based ERP allows for some incredible features, one being unprecedented data collection and analysis. Gathering real-time, accurate statistics for Key Performance Indicators (KPI) has never been easier. This continuous stream of real-time data and information can help identify future trends and insights as well, which can help businesses pivot in time to adjust to shifting industry tides.
Reduce Repeatable Tasks
Another way cloud ERP software can protect a business is through its ability to automate business tasks, like in areas such as HR and finance for instance. Obviously businesses can benefit financially from automating these tasks because in doing so, organizations 1. don’t have to hire as many employees and 2. those individuals are given the opportunity to focus on the bigger picture instead of worrying about minor business tasks.
However, the real benefit of automation is its ability to limit mistakes and reduce data redundancy. What’s more, cloud ERP services offer automatic updates to keep up with compliance regulations. Non-compliance is an error that can sometimes be fatal for some businesses, so these services can really help you when and if things ever escalate or get out of hand.
So, if you’re in the beginning process of buying your first ERP solution, or if you’re looking for something a little different than what you already have, download our ERP Buyer’s Guide.
Looking for more? Download our ERP buyers guide for free and compare the top-24 products available on the market with full page vendor profiles. The guide includes four key capabilities to look for in an ERP solution, plus five questions to ask yourself and five questions to ask the software provider before purchasing. It’s the perfect resource for anyone looking to find right ERP for their business/organization.
- The 4 Top ERP Vendors to Be Paying Attention To This Year - March 9, 2021
- The ERP Software Guide and How to Choose The Best One - March 5, 2020
- 3 Security Features to Protect Your ERP Data - March 4, 2020