6 Benefits of Cloud ERP Software
- Low Operating Costs – Compared to on-premise, ERP has a lower cost of operating. Cloud vendors provide ERP solutions as a subscription model – Software-as-a-Service (SaaS) – these costs are reasonable and generally customized to work around an organization’s budget.
- Real-Time Analytics-ERP software offers real-time analytics, which is one of the biggest benefits. This allows companies to view important information as it becomes available. You can feel confident that the data you are looking at is current and relevant. Analytics in real-time can be a great tool for optimizing your business processes and helping you make critical business decisions.
- Facilitate Implementation – ERP is faster than traditional ERP systems because it doesn’t require the hiring or training of IT staff.
- Flexibility- ERP system enables users to access business information in real-time, from anywhere and on any device. This ensures users across the organization are working with the same data, no matter the business unit or location, and can make faster, smarter decisions.
- Scalability –ERP solutions simplify scaling businesses without the need to add servers for additional users or locations. The ERP will grow with a company’s growth.
- Security, compliance, and disaster recovery – Many organizations are concerned about relying on an outside vendor to store their business data. ERP providers can offer greater security and compliance than most companies would be able to afford. A business can be confident that its data will always be backed up and that the vendor has prepared and practiced disaster recovery plans.
