Cloud-Based ERP Benefits, Key Features, And Challenges

SaaS  is known as a cloud-based subscription service, which is available through the internet. ERP software on Cloud stores your company data securely in the cloud server. It enables you to access ERP software tools and applications remotely. Unlike on-premise ERP solutions, you’re not tied to one place. You can get real-time insights and take control of every aspect of your business wherever you go.

In general, SaaS ERP is simpler to implement from a technical perspective. You don’t need to purchase additional servers or physically install the software yourself. Addition to that, there will be no need to download or install software into the system and thus can get regular updates and support. 

This can be a big relief to companies that are struggling to build ERP with the right technical skill sets.

Key Advantages of Cloud-Based Intelligent ERP:

• Rapid implementation
• No requirement of local IT team to manage it
• Cost-effective
• Strong data security
• Ease of upgrades and maintenance
• Always get the updated upgrades
• Low risk of getting hacked or threat of malware

Nowadays, time is changing and companies are moving towards complete digital transformation, so ERP is upgrading to an intelligent ERP (iERP).

Key Features Of iERP

• AI- AI tools used in iERP include interactive chatbots, intelligent process automation, and AI-infused financial planning.
• Software BOTs- Bots, make it easy for ERP to interact with many other systems.
• IoT– It builds smart manufacturing, predictive maintenance, connected logistics, workplace safety, and connected customer experience into the organization.
• Mobile Apps– Through several mobile Apps users don't need to login into ERP for every activity, they can simply use it through mobile phones or tabs.

Why Cloud ERP Is On-demand Today:

• Users are asking why ERP cannot be like mobile Apps so that we can use it on mobile phones.
• Increasing the maintenance of servers and another hardware cost is again a challenge for the company.
• For every upgrade, users have to pay additional cost if they are not on AMC whereas on SaaS all these costs are included.
• Globally companies are moving all processes on the internet so ERP must support these operations internally.
• Sometimes to get into any business partnerships or engagements they prefer SaaS model system in the company to have great control and better monitoring.

Implementation Challenges of Cloud-based ERP

• Lack of process understanding while doing initial requirement analysis.
• Change of scope or requirement during implementation phase.
• Movement of consultants between implementation phase.
• Anticipating Go-live schedule without actual efforts due to market pressure or clients’ needs.

Cloud-Based ERP- ebizframe- Eastern Software Systems

Eastern Software Systems helps enterprises manage their end-to-end business seamlessly with Cloud-based (SaaS) ERP-ebizframe-hosted on the world’s best platform-Oracle Cloud Infrastructure (OCI). Our ERP experts always take care of aforementioned challenges while implementing ERP to provide you seamless experience.

Embrace the most trusted software for sales, inventory, finance, procurement, fixed assets, and other core aspects of your business. Cloud ERP is the best solution to help your company grow. It allows your company to stay mobile, integrate future software technology, and use updated Intelligent ERP.

To keep your business moving with our advanced, globally connected cloud-based intelligent ERP-ebizframe, please email at marketing@ebizframe.com.