Why are companies moving their businesses to Cloud ERP?
By: Softype Inc
Date: 29 June 2020
What is ERP (Enterprise Resource Planning)?
Enterprise resource planning is the management of day-to-day business activities such as Accounting, Procurement, Manufacturing, Project Management, Supply Chain Management and other functional areas of an organization.
An ERP system is a unified platform for tracking all business operations which provides data integrity as a single source of truth. Without an ERP system, data is siloed by departments which makes it difficult to share the data across a company. This slows down the ability to react to business needs and market changes.
Nowadays ERP systems are being used by thousands of organisations of all sizes and all industries. ERP Platforms offers three key alignments: Strategic, Operational and Tactical. These alignments help business stakeholders make decisions based upon facts, not assumptions.
Why choose Cloud then?
Lower implementation costs are one of the main reasons why small and medium-sized businesses decide to move their business operations to the Cloud. There is no hardware setup and there is no need to waste IT resources on server maintenance and software upgrades.
However, apart from the lower costs, cloud ERP systems give more flexibility since users can access the data from any location without being tied to the office or only one computer. Access to critical business data anytime and anywhere enables top managers to make sound business decisions in a timely manner.
Another significant benefit of Cloud ERP systems is their scalability. Cloud infrastructure of the ERP system can grow as transactional volume increases. Companies can focus on their performance without thinking about system updates. Cloud ERP providers can provide system updates seamlessly and at no extra charge.
In addition, Cloud-based ERP systems provide organisations with Business Intelligence capabilities, Real-time reporting, and the opportunity to drill-down to discover more specific information. All these benefits lure enterprises worldwide to replace on-premise ERP systems with Cloud Based ERP systems.
All these benefits lure enterprises world wide to replace on-premise ERP systems with Cloud Based ERP systems.
This article is by Softype. You can view the original content here.