More and more businesses are moving to Cloud ERP solutions because they are trusting their data to be accessed virtually anywhere, anytime in a safe and secure way. Mobility is one of the major benefits of opting for a Cloud solution over the traditional on-premise model. The demand for Cloud software solutions or Software as a Service (SaaS) Enterprise Resource Planning (ERP) software is growing. As ERP consultants we are working with more companies who are seeing the big picture benefits of a cloud hosted solution to run their business solutions software.
Here are 6 Reason More Customers are Choosing Cloud ERP Solutions.
- Data on Demand: Accessing critical data from any location is one of the biggest benefits of selecting a Cloud ERP model. As the business world becomes a more global marketplace, so does the need for executives and employees to access company data from remote locations. With a Cloud solution, you can access your data anywhere you can get internet access. That is the beauty of the cloud, your data, anytime, anywhere. If data security is an issue, a company should just check the publisher’s security credentials. Most reputable ERP publishers offering Cloud adhere to the highest security levels including 128 bit encryption standards, strict password policies, role based security levels and location based IP address restrictions.
- Reduce IT Costs: Another benefit of cloud computing is the reduction in IT infrastructure. With your data stored offsite, you no longer need additional servers and data centers. No need for expensive temperature controlled rooms to house the hardware. Cloud computing also reduces the need for additional IT resources to maintain and administer your hardware.
- Secure Data: Cloud ERP solutions typically include backup and disaster recovery as well, so this not only eliminates the additional cost of BDR plans, but also eliminates the added stress of worrying about what you would do if you lost all your data.
- Rapid Deployment and Return on Investment: Yet, another advantage of the Cloud model is rapid time to deployment. Cloud applications can take substantially less time to implement depending on the individual business requirements. Less time to deploy equals less external resources which equals less expenses to the company.
- Reduce Software Costs: Cloud ERP solutions are generally less expensive upfront as well and keeps more cash in your pocket, which reduces the overall Total Cost of Ownership (TCO).
- Automatic Updates: Because the application is hosted, all software updates are automatically pushed to all users at the same time, again reducing the TCO and keeping you current on all software releases without the need for an additional maintenance and support plan from the publisher.
However, Cloud ERP solutions are not for everyone.
A company will need to see the big picture to gain all the true benefits. If a company tends to only look at the bottom line hard dollar figures, they will not see the value proposition from a cloud ERP. They will only see a more expensive solution in the long run, and they will not factor in the intangibles benefits.
- Access to data anywhere you can get an internet connection
- Reduced IT infrastructure and resourcesImbedded backup and disaster recovery
- Secure Data
- Rapid deployment
- Reduce software costs
- Automatic updates gives you the ability to always be on the current version of the software
If all of these benefits are factored into the ERP equation, a company can gain all of the true value of a Cloud ERP solution.
Note: Two examples of Cloud ERP Solutions are Acumatica and NetSuite.
Contact us at SWK Technologies to learn more about Cloud ERP Solutions. Our experienced and dedicated team of ERP experts provide you with a free phone consultation and a no obligation review of your software to help you determine the right solution for your company. Drop us a note or give us a call at 877-979-5462 to get started.
Article written by David Guido - SWK Technologies
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