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Top 10 ERP Advantages
In a world where businesses have to constantly keep up with customer demands, innovation is key to survival and growth. The faster a company can innovate, the higher and likelier their chance for success. However, legacy enterprise resource planning (ERP) solutions have been too sluggish to keep the company up to speed with the latest trends.
But today, we can see how cloud-based ERP systems help integrate separate components of a company into one harmonized whole and be available for all personnel to see and access. While most companies recognize the value of a streamlined process, many haven’t taken proper action in this regard.
If you’re among those businesses, this article on cloud ERP advantages can help you make the final decision with conviction.
- Security
Cloud ERP is safe and secure despite certain unfounded claims because it offers tight security on facilities and continuously runs multilayer tests to detect any vulnerability within applications and the firewall. It’s a lot of work to separately install and manage security software on each server that operates in every location.
One of the leading cloud ERP advantages is that security across all servers is simultaneous and continuous without the need for a log-in to take effect.
- Better Accounting & Order Management
As the process becomes streamlined and departments become more interconnected, various departments such as accounting and order management operate a lot more in sync. That level of harmony makes order management and fulfillment much easier. That’s how multiple orders are processed simultaneously, delivery timelines shrink, and schedules become more on point.
It’s also a bit odd to see how companies, especially online retailers, handle their accounting without enterprise resource planning. Cloud ERP can greatly facilitate account management and provide info updates on an hourly basis. You can deal with substantial order volumes stress-free and generate invoices without tackling piles of paperwork.
- Affordability
One of the primary cloud ERP advantages over legacy ERP is you don’t need additional infrastructure or on-site servers. That alone will significantly lower the implementation costs of a new ERP via a simple web browser. Plus, reasonable subscription fees now allow small companies to easily bypass the in-house build-up process and access enterprise features and resources previously unavailable.
Most companies couldn’t afford to use legacy ERP solutions due to the high-cost barrier that came with installing expensive hardware and infrastructure, but that’s completely resolved with cloud ERP.
- Faster Implementation
The implementation process is considerably shorter since you can skip the infrastructure build-up and jump straight to benefit from cloud ERP. By acquiring the software from a third-party provider, you can be up and running almost twice as fast as an on-premise implementation.
The tremendous upside to many cloud-based ERP solutions is you can easily plug and play without any need for complicated, lengthy installations. All you need is authorized access to the platform, which can happen rapidly, leaving you more time to train your employees.
- Seamless Updates
Businesses in multiple industries report how they’ve all struggled with time-consuming updates. They spend so much time resolving bugs and dealing with patches that could’ve been spent on core aspects of their operation. That issue is nonexistent with cloud-based ERP since it’s hosted on the web and is always up to date.
There’s zero more concern about using the latest version of the software because all of that is conducted for you, and every minor issue or bug is fixed seamlessly without needing any intervention on your part. Moreover, you’ll receive access to new features on an accurate schedule, propelling you towards striving for maximum customer/client satisfaction.
- Widespread Access
One of the biggest cloud ERP advantages lies in its remote nature, enabling anyone from anywhere to access the software online. All authorized personnel can easily log in to retrieve or add data to keep the operation flowing.
The staff can work safely and comfortably with their smartphones, tablets, and laptops without the need to be present on site. That allows all members of the company to stay connected no matter what.
- Scalability & Laser Focus
As stated previously, companies have to pay a fortune to set up the infrastructure and hardware needed for in-house systems. But the bigger problem is they aren’t flexible enough to keep up with the growth. That drawback is among the primary cloud ERP advantages because you can scale according to customer demand without needing to constantly invest more time and resources.
Your company can utilize that time, expertise, and money to laser focus on the core aspects of the business toward elevating quality, customer satisfaction, and ultimately, profits. You don’t have to bother anymore with costly, time-consuming maintenance.
- Less Downtime
A stark contrast between legacy and cloud-based ERP is the amount of operational downtime. All the above issues, such as high build-up costs, time-consuming updates, and the need for on-site presence, can create significant hang-ups that can only be resolved through affordable third-party software that efficiently works remotely and is constantly up to date.
- Real-time Data
In a time where all businesses have to continuously improve with unrelenting pressure from the competition, first-hand access to information is invaluable. Using a cloud ERP, you gain real-time insight into all the events in your industry and get instant analytics on your in-house operations. That’s among the cloud ERP advantages you simply cannot have with a legacy system.
- Better Decision Making
The cloud ERP interface is so clutter-free and straightforward that all the information is readily there for you to see. Getting real-time analytics and info through heat maps and flow charts allows careful examination of customer/client behavior across all demographic and geographic segments. You can even break them down further to annual or seasonal timeframes. That helps you make informed decisions placing you way ahead of the curve.
Bottom Line
Small companies face an uphill battle when managing large volumes of data and harmonizing their departments to boost their position on the market. The high-cost barrier of legacy ERP and its additional shortcomings is in no way sufficient to keep up with the high demands of the current market.
The arrival of cloud-based ERP systems provides these companies an affordable and fast option to help increase their productivity significantly. In addition to eliminating the need for online presence, you don’t have to spend a good portion of your budget, time, and expertise on annoying updates and maintenance that a reliable third-party provider like IMTS can undertake.
That provides you with the opportunity to laser focus all of your resources on the core pillars of your business to generate and maximize profits.
Therefore, don’t hesitate a second longer, and contact us right away!