5 Benefit of Having Cloud-Based ERP for SMBs

 By Pranjali Manore


 

Today, every Small and Medium-Sized Business has deployed a cloud-based ERP system. It also shares the reasons for the shift to Cloud ERP from Traditional ERPs. Deploying an ERP software helps these businesses to aggregate and organize the data spread across various departments in the business organization. Speaking about traditional ERP software, it is present within the company’s self-managed infrastructure with a constant need for updating and servicing. 

 But before that, let us discuss what exactly is Cloud ERP…

 As its name suggests, a Cloud ERP is based in the Cloud on similar lines to SaaS. It is quite different from traditionally used ERP software. 

 

Cloud-based ERP is different from conventional ERP: 

Cloud-based ERP is dependent on the Cloud for helping the companies share their information across different departments. The systems depict a shared database that supports various functions being used by different business units. Moreover, it allows the employees to access the same information to match their own requirements in various departments. 

 

Benefits of Cloud ERP:

Nowadays, you could see various cloud ERP vendors provide innovative and sophisticated alternatives compared to on-premise ERP implementations. There are several benefits that SMBs get when going for cloud ERP solutions. Such benefits are useful for SMBs as they do not have enough resources to implement an on-premises ERP solution. 

 

1)     Inexpensive cost:

Generally, a cloud ERP solution has a lower cost as compared to an on-premises solution. In the case of security concerns, the business can be stress-free. One more benefit of using this software is that it reduces IT costs. Lowered costs can save a lot to the SMBs as it helps the SMBs overcome the unwanted cost of their under-utilized staff. 

 

 

2)     Lesser time:

Experts believe that the predicted time taken to implement a Cloud ERP is nearly 1/4th of the time taken to set up an on-premise ERP. Cloud ERP usually takes less time to set up because a Cloud ERP is already set up with predefined modules integrated into it. The businesses have to pay the subscription amount and begin using it.

Furthermore, installation of a Cloud ERP is much easier as compared to traditional ERP software. Cloud ERP faces less downtime during the upgrade process. The vendors entirely manage cloud ERP systems, and software setup eliminates any intervention in the businesses, or even if any disruptions are taking place in business operations. 

 

3) Increase efficiency:

It is difficult for businesses to have an on-premises setup as the ERP always needs continuous maintenance and operation with the highest efficiency. Whereas on the other hand, with a Cloud-based ERP solution, the only requirement that remains is a steady connection that helps the businesses have maximum proficiency with no hindrance and interruption. 

 

4) Stores data securely:

When small businesses go for a Cloud-based ERP system, it provides several layers of encryption for enhancing the security levels of business-critical data; therefore, make sure the information is securely stored. It enables the management to administer individual access to this data. 

 

5) Integrate necessary information:

With Cloud-based ERP, it is simpler for organizations to integrate all the necessary information and be an effective method to enhance business operations. Also, Cloud ERP connection helps the employee fetch and update the required data and can be of great help for the employees working from remote locations to find and share the information they want.

 

Conclusion:

As per the current scenario, the market trend depicts that the SMBs rely heavily on cloud computing to store and maintain their crucial business information. Cloud-based ERP systems are going to offer several benefits to these organizations. It will also help them to stay ahead of the competition.     

 

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