Cloud-based computing (also called Software as a Service, or SaaS) allows users access to software applications that run on shared computing resources (for example, processing power, memory, and disk storage) via the Internet. These computing resources are maintained in remote data centers dedicated to hosting various applications on multiple platforms. Application Managed Services (AMS) provide new ways to manage applications with agility and greater insights into today’s biggest challenges.
Cloud ERP is Software as a Service that allows users to access Enterprise Resource Planning (ERP) software over the Internet. Cloud ERP generally has much lower upfront
costs because computing resources are leased by the month rather than purchased outright and maintained on-premises. ERP Hosting continues to gain in popularity. Cloud ERP also gives companies access to their business-critical applications at any time from any location. Here’s are some of the benefits your business can relish in when equipped with Cloud ERP.
Defining Cloud ERP: – A cloud service is delivered through an off-site model, as opposed to on-premise or co-located hardware and software. In the case of Cloud ERP, the Enterprise Resource Planning solution is hosted off-site through a vendor. Cloud ERP solutions are strategic, innovative, cost-saving measures that can fit business needs without investment in on-site hardware and other infrastructure.
Cutting Costs and Raising ROI: – Cloud ERP can be deployed fairly quickly at a lower cost than on-premise solutions and enables real-time access to critical business information. Cloud ERP solutions offer frequent, automatic upgrades that are less pervasive to the business. The software evolves to fit growing/changing companies.
These lower operating costs make it easier for organizations to improve ROI without interruptions to day-to-day operations. This higher, is what has been driving many businesses to move from on-premise systems to Cloud ERP. Though the specific offerings vary with each solution, most Cloud ERP vendors also offer valuable business and user support – lessening the burden on internal teams.
Reducing Risk: – Cloud ERP systems offer enhanced security, and often 24-hour support, allowing companies to significantly reduce risk by choosing to transition to a Cloud ERP. Cloud ERP also increases uptime, meaning fewer disruptions and increased productivity for companies running less reliable legacy systems. Secure data storage in the cloud also alleviates concerns that can arise when an employee leaves the company, or a company device is stolen or misplaced.
Improving Productivity: – Cloud ERP provides many tools to improve users’ productivity, allowing for flexibility without the need for “bolt-on” solutions, explained Trudell. Implementing modern technology is also important for attracting and retaining top employees. The cloud offers consistency and enables the entire organization to be on the same up-to-date version of the software. Cloud ERP also aids businesses with real-time monitoring of key performance indicators.
Moving to Cloud ERP: – If your current applications are no longer upgradeable, or you have security concerns, it may be time to consider a Cloud ERP. Other indicators include a low ROI from your on-premise program, lack of organizational flexibility, the frequent need for customization, substantial use of internal technical resources to deal with support issues rather than focusing on business initiatives.
The Cloud is particularly valuable to small and medium-sized businesses (SMB’s) because it provides access to full-function applications at a reasonable price without a substantial upfront expenditure for hardware and software. Using the right cloud provider, a company can rapidly scale its business productivity software as their business grows or a new company is added.