By WalkingTree May 24, 2021
Innovation is the key to growing your business. The faster your organization innovates, the more rapidly it can reach the goals. Cloud computing and SaaS are maturing with time, taking control of the most demanding applications. Enterprise resource planning (ERP) is one of those applications. However, the traditional on-site ERP systems are often too rigid to keep up with the evolving technologies and advancing business practices.
Cloud-based ERP solutions offer an incredible range of possibilities and benefits to both small and large businesses. Here are some of the advantages of shifting to a cloud-based ERP solution.
- Investing less initial capital
Compared to the traditional hosted model, cloud-based ERP systems sidestep many common financial pitfalls. The on-premises ERP systems are more about cost overruns and difficulty in implementations. While the cloud-based ERP systems hold numerous financial benefits such as – saving hardware and infrastructure investment, reducing the labor costs, eliminating the server maintenance, etc.
Now that the ERP industry is firmly moving in the direction of SaaS, the eventual phase-out of on-premises ERP systems makes cloud-based ERP a better investment.
- Avoiding the drawbacks of ERP implementation and streamlining the deployment strategies
High-profile ERP disasters often occur during the implementation phase due to difficulties in coordination and planning. On-premises ERP deployment can be a tough task resulting in production stoppages and innovation halts. Whereas, cloud-based ERP software addresses these issues. These systems are designed to aim specifically at creating solutions that are more stable, responsive, and easier to implement for businesses.
- Heightened security for corporate data
The core of an ERP is creating efficiency around data sharing to enhance collaboration without any security risks. It’s one of the biggest reasons that some businesses still prefer on-premises ERP systems. However, the misconception of cloud-based ERP to lack information security is not correct. Today, cloud ERP systems provide a suite of tools for data security that no on-premises system can offer. If your business needs an extra layer of assurance, switching to the cloud can be the best investment!
- Faster and easier update processes
On-premises ERP’s periodic updates can be a long and burdensome process. Deploying cloud-based ERP systems removes the burden of constantly updating your systems from the overworked IT departments. Security patches, recent modules, new software updates, and more are installed automatically. Thus, causing minimal or no disruption to the employees.
Read on to learn about several other benefits of shifting to cloud-based ERP systems.
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