Whether you are an SME or a conglomerate, every business in today’s competitive world requires a streamlined and simplified operational flow for maximum efficiency. This is why businesses should invest in a credible and robust ERP system. Enterprise Resource Planning is a system that manages all the departments of an organization to smoothen the workflow in a cost-effective, quick, and easy manner.
Having an ERP system in place will help your business with:
- Increased transparency
- Strong data security
- Quality production
- Flexibility
- Modularity
- Reduced operational cost
- Enhanced efficiency
- Better collaboration
- Improved Supply chain management
- Scalability
- Standardized business operation
In the beginning, businesses used to rely on the traditional on-premise ERP systems. They thus required the setting up of a hardware structure in the organization. Since they were on an in-house server these traditional ERP systems thus required a dedicated team of IT professionals to ensure regular upgrades and timely maintenance.
But the traditional ERP system has more disadvantages rather than advantages such as:
- The extensive cost associated with the upgrades and maintenance
- Employing and dedicating ERP consultants which will thus add to the overall operational cost
- Relatively less secure than most of the data centers, thus compromising your data security
- Requires storage space in the organization, adding to the expenditure
But as the technology advanced, cloud computing came into being, and an increasing number of organizations made a switch to the cloud-based ERP software. Cloud-based ERP software is deployed on the cloud servers which are owned, operated, and taken care of by a third-party vendor.
Compared to their traditional counterpart, cloud-based ERP systems which function as software as a service help organization leverage the following benefit:
- Less upfront cost. Thereby your money can be invested in vital tasks
- No need for hardware, thus no expenditure
- No need to employ a dedicated team because there are ERP consultants for it
- They are set up and deployment is on the cloud, thus the cost is comparatively lesser in the long run
- You can customize the processing according to the business’s requirement
- It makes use of an encrypted system. Thus, this ensures high-level data safety and security
- It facilitates ease of flexibility and scalability as the demand increases or decreases, thereby making your business scalable
- You do not have to spend money on periodically training your in-house staff on the updates because ERP vendors take care of it.
- You don’t have to stress about the continually increasing maintenance and user license cost because ERP vendors take care of it
- There will be transparency and effective communication between all the departments
Looking for signs for investing in a cloud-based ERP system?
- You are looking for a solution that provides remote accessibility
- Expenses are exponentially increasing with the on-premise ERP system
- Present ERP system doesn’t provide analytics
- Downtime is at an all-time high
- You are lagging behind in the competition due to a poor ERP implementation
Tayana’s cloud-based ERP software experts will guide you through the intricacies and benefits of implementing a cloud-based ERP system like Acumatica. Acumatica is a leading cloud-based ERP system for SMEs. It will help simplify and streamline your business processing. Thus, ensuring maximum productivity, profitability, and efficiency.
Reach out to us, today!
Vijay comes with a vast experience in ERP and enterprise solutions space with about 20 years of experience in various packaged application like Acumatica, SAP, Orion, Salesforce.com, SugarCRM and, SalesLogix.