The debate over on-site vs. cloud enterprise resource planning, or ERP, software is over. Companies of all sizes and in every industry now prefer to rely on the cloud for its ability to lower costs. As well, it increases functionality, simplifies maintenance, and amplifies the benefits of enterprise resource planning software overall.
In practice, however, cloud ERP software is able to deliver even more benefits than even the most enthusiastic adopters expect. Learn about these overlooked benefits early. In this way you can begin taking advantage of their full potential starting on day one.
Improve Data Security
Data security is a paramount concern for every business. The risk of a breach is greater than ever, and the consequences range from disruptive to catastrophic. Cloud ERP software actually enhances the level of data security that companies can depend on by bundling a number of security resources together into a single package. Cloud service providers have invested heavily to secure their clouds, and to manage and monitor those clouds according to the direction of world-class security experts. In almost all cases, it will be too costly for companies to invest in similar capabilities just for the protection of their own data.
Optimize Your IT Team
Since the heavy lifting of managing and monitoring your cloud enterprise resource planning software is handled by the provider, your in-house IT team is liberated from a lot of time and labor-intensive work. Instead of having to install updates and patches, they can spend their time working on more important projects. For example, they can address IT initiatives that deeply affect your bottom line.
Being able to access mission-critical apps from anywhere at anytime is no longer just an exciting capability for today’s businesses. It is an imperative for any company that hopes to remain competitive and avoid the slow slide into irrelevance. Cloud ERP software has been built from the ground up with mobility in mind. That means companies can instantly embrace a mobile strategy. Further, that strategy can evolve easily as new devices, data sources, and client expectations surge into the mobile ecosystem.
Prepare for the Future
Perhaps the single biggest advantage of cloud ERP software over any other type of implementation is how seamlessly it can change. Since the cloud offers on-demand access to a pool of computing resources, companies can match their exact capabilities to their exact needs at all times. As a result, when changes occur, companies are not stuck with IT that is no longer relevant. This is true whether the change comes about because of sudden growth, new markets opening up, or the industry landscape taking a turn to the left. The cloud puts your company in the perfect position to adapt to changes over the short, medium, and long terms.
Maximize Customer Satisfaction
Business owners and managers often view cloud ERP software as an in-house resource. That’s because it’s basically designed to improve communication, collaboration, processes, and strategies for everyone on your team.
However, as a result of its refinements and enhancements, the software significantly improves customer experience as well. Cloud ERP software helps you to easily resolve issues in the financing, distribution, sales, and marketing departments. In this way, every customer interaction is as efficient and effective as it can possibly be. And once you begin basing strategic decision-making on data rather than assumptions, you’re in prime position to adapt what you do to the exact needs and wants of the customers you serve. The effect on the bottom line is immediate and lasting.
Many commonly overlook these benefits. However, many companies find that once they implement cloud ERP software, it also leads to unexpected improvements. Opportunities arise that are specific to their operations and goals. In short, the cloud will benefit anyone looking to reap rewards from ERP specifically and IT generally.