Take a smart decision and move to cloud ERP

Biswas Nair

Enterprise Resource Planning (ERP) software that connects your finance, accounting and operations data is a must have in this competitive age, particularly for dynamic and fast-growing companies to be a step ahead of their competitions.

ERP is the most impactful technology an organization can implement and it can actually make a difference in the way of doing business. It improves organizational collaboration, automates and streamlines workflows to help identify the best-fit solution that can meet the business needs along with the financial goals. Therefore, in order to utilize the potential efficiency, information accuracy and cost benefits, organizations must embrace ERP system. Businesses need to understand how an ERP system can add value to their business by making their job easier meeting new demands and focusing on value creation.

According to Gartner, by 2018 some 30 percent of companies’ will moved their ERP applications to the cloud. There is a plethora of reasons why one should go for Cloud ERP.  A few of them are:

Greater Efficiency & Cost Savings

The fundamental advantages of the cloud are well established today. By choosing the Cloud ERP, organizations can avoid the high upfront costs of on-premise solutions as they “pay only for what they need”. Also, it helps in removing a layer of cost uncertainty to shift IT expenditure from CAPEX (capital expenditure) to operational expenditure, which align computing costs more sympathetically with growth. In short:

• Low-cost upfront investment
• No additional hardware investments (e.g., server infrastructure)
• Predictable cost

Drives Business Flexibility & Innovation

ERP software is designed to make business processes (sales, manufacturing, accounting, invoicing, etc.) more efficient and innovative by offering rapid scalability, pay-as-you-go pricing, offering tools to innovate, and eliminating the burden of client-software.

Additionally, it also offers SaaS and provides the flexibility and efficiency required to reduce the cost of innovation, allowing new ideas to be implemented faster and sooner than legacy software solutions – making Cloud ERP both efficient and innovative.

Highly Customizable & Easy to Implement

With Cloud ERP, organizations can work with various vendors/solution providers in order to customize their solution aligned with their requirements. Also, it typically takes less time to implement compared to on-premise which significantly takes longer time frame to implement.

In addition, Cloud ERP solutions can be continually upgraded by the provider assuring that we are in sync with the latest, most advanced version of ERP software without additional investment.

Improved System Performance & Accessibility

Cloud software architecture is designed from the scratch in order to provide maximum network performance. Moreover, to adapt/cope up with ever changing demands, Cloud-based ERP can provide optimized performance.

If there is a spike in your business, cloud ERP automatically adjusts and dynamically provisions additional resources to handle the surge.

Real Time Data Collection

It's also important to note that a cloud-based ERP solution provides real-time data that can be accessed via the Internet anywhere at any time. Ensuring employees/staff can access accurate information on smart devices, laptops and smartphones while they travel or telecommute—all without extra setup fees or ongoing costs.

ERP aids Value to Company

Whether organizations adapt on-premise ERP, software-as-a-service, or cloud-based solutions, the same principles apply. The ERP system offers an effective and profitable way of collecting, managing and analyzing data to support smarter decision making. Deploying Cloud ERP can help them gain the same with accuracy and minimal risk, thus ensuring real value adds in the financial decision making.

The author is Managing Director at Inspirria Cloudtech