Gone are the days when the businesses tried to avoid cloud-based services due to fear of security and costing. However down the years, they have actually realized that transfer of data through cloud would not cause any disaster.
Initially, only a few people adopted the cloud and they shared their satisfaction with others who also started to think it to be a viable option for storage solutions. Even, the recent statistics have revealed that out of 87% of start-ups to medium sized companies who have adopted cloud-based solutions, nearly 43% of people have wished that they would have adopted this step sooner.
One of the areas where businesses have explored cloud-based service is with enterprise oriented application such as Enterprise Resource Planning (ERP). It comprises set of applications to the customers who are highly aggressive, while managing business complexities, it provides to be intimidating. Here are a few benefits of cloud ERP solutions you can avail for your business.
Resources of minimum requirement
The main advantage of cloud ERP application for jewellery, retail, manufacturing or other industries is that you hardly have to make additional investment for hardware networking, storage arrangements, etc. You eliminate large expenses comprising server installations, man-power employment for troubleshooting etc, by subscribing for cloud licensing from SaaS provider. It can be easily covered within a minimum cost.
Cloud supported ERP allows more flexibility
Cloud supported ERP ensures flexibility because it is accessed from any place with internet connectivity. It means that you have the scope of making business decisions with the help of laptop, tablet or any other mobile device with internet connectivity. You may also share data easily across diverse locations or departments and since every person in a company interacts with centralized data through common interface, likelihood of data interpretation between functions seem to be reduced and also scope for integration can be increased.
Boost up security
When it came to data security, people believed that housing sensitive data in cloud went against best practices. They later began to check how Enterprise Resource Planning cloud vendors would actually offer secured environment at minimum cost. Today, companies can hire right people to manage tools as well as appliances that help to keep data safe and secured. They can help you test vulnerabilities as well as patching systems thereby detecting weaknesses. While you have to ensure about data security, trustworthy cloud ERP vendor may play the role of vendor in terms of security measures.
Scale development and growth of business with cloud supported ERP
If you want to grow and scale the business too slowly, you will fail to remain in competition and maintain good relationship with the customers. However if you scale up quickly, you may run the risk to spend more money as well as waste your valuable resources. Cloud supported ERP application solves this issue since it provides scalable platform that seems to be perfect for start ups as well as fast growing companies. With any addition or deletion within your company, you do not have to think of the additional expenses or surplus infrastructure. Rather you are able to scale cloud supported ERP package in order to accommodate multiple users without even facing the problem of maintaining on premise hardware or software.
