Many companies rely on enterprise resource planning (ERP) systems to save time and money. Cloud software stores information off-premises and at the vendor’s data center and may be accessed through the internet. ERPs bundle valuable benefits to help businesses obtain an integrated and real-time picture of various procedures. Because cloud-based ERPs offer multiple benefits that traditional software does not, many organizations are now choosing them over traditional ERPs.
Benefits of Cloud-Based ERPs
Cloud-based ERPs are easily accessible through an internet connection. Anyone on the team can use the software on their computer, laptop, or tablet in the office, at home, at a customer’s home, or from remote locations. Because module updates are easily done by the provider, the latest features are easily accessible. You can find the desired information in real-time to make better business decisions.
Cloud-based ERPs are flexible. You can scale your software along with company growth. You also can add features and benefits by changing your subscription package. Browser-based systems let users type in a URL, enter login and password information, and connect via remote desktop protocol (RDP) to access information from a mobile device. Data can be shared across multiple locations, divisions, and departments, increasing collaboration among teams. Integrating additional functionality with credit card payment systems, payroll software, electronic document management platforms, and eCommerce platforms can further optimize the automation of business processes.
Cloud-based ERPs are low-cost. Implementation fees are minimal because there is no real setup. Maintenance fees are low because the provider, rather than an additional IT professional, manages the work. No hardware and IT staff are needed to install and manage the software, further saving on expenses. Your annual fee even includes a level of support and maintenance including updates, security enhancements, and on-call support.
Security of cloud-based ERPs is strong. The software has security certifications and data center audits that safeguard the data. The level of safety measures and disaster prevention systems is higher than most small/medium companies have. If a fire, flood, or other disaster were to occur, the system still would be accessible and the data safe. Backup power generators, state-of-the-art fire detection and suppression systems, levels of redundancy, automatic fail-over, and other security features guard data centers where servers are managed. Multiple levels of security including biometric scanning, PIN code, and access card provide around-the-clock monitoring. Vendors encrypt data to protect business information from being accessed by third parties.