A big part of avoiding business disasters is building it up around reliable software platforms that help the business grow and become more efficient rather than one that hinders business tasks and operations. With this in mind, an Enterprise Resource Planning (ERP) solution can do exactly that, but there are some that struggle to find which deployment method works best for their organizations: whether it be on-premise ERP solutions or in the cloud.
Below are the top four ways a cloud ERP solution can help prevent business disaster:
1. Avoid Data Breaches and Cybersecurity Risks
Regardless of what industry the company is in, the safety of employee, client, and business data should be a number one priority. Cloud ERP software can aid organizations in keeping their data private and more secure more than ever before. This idea that a cloud-based platform is more secure than a local server or on-premise solution may go against intuition, however, is largely the case.
A good cloud-based ERP provider knows that the security of their customer’s data is important to their survival as a business, so they know and understand why you’re so skeptical. This is why they’ve taken measures to provide exceptional service when compared with local networks.
Cloud-based ERP vendors hire top talent in data security to maintain firewalls and other security measures. Since ERP providers have more expertise in their product than any other outside source, they can do an excellent job in helping protect it.
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 anyway. Cloud connectivity refers to all information being stored remotely from devices, so by cutting their access, they become nothing more than blank computers or laptops.
2. Predictive Analytics
Cloud ERP software allows businesses to integrate all departments of a business and all data onto one collaborative platform, accessible 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.
3. 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 payroll and accounting for instance. Obviously businesses can benefit financially from automating these tasks because in doing so, organizations don’t have to hire as many employees. However, the real benefit of automation is its ability to limit mistakes.
What’s more, cloud ERP services offer some innovative services that can save organizations from disaster, for instance, automatic updates so keep up with compliance regulations. Non-compliance is an error that can sometimes be fatal for some businesses.
4. Scalability to Adapt
Failure to adapt can force businesses to downsize or even shut down operations. This makes the ability to fluidly scale very important in order to allow organizations to keep up with changes in their industries. Cloud ERP software combats this by allowing companies to pay for services as they’re needed. Since businesses don’t need to purchase any equipment upfront, they don’t have to spend any more than what is necessary.
Flexibility allows for more competitive and profitable business models and even has the potential to save companies from disaster if they need to quickly change direction.
Looking for more information about ERP systems? Download our free buyers guide, where you can find the top ERP software vendors, snippets about their highest ranking ERP solutions and products, plus the top 10 questions and tips to ask yourself and software vendor before purchasing!
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