What Are the Benefits of Cloud ERP for Your Business?
Every few generations, society undergoes a revolution that has the power to change the course of history.
It’s usually a shift in the norm that forms so indelible a mark on our way of life, that looking back, we wonder how we ever got on without it. It’s safe to say, that we’re in one of these revolutions right now – one of hyperconnected, always-on living, powered by the cloud. And indeed, how did we ever function without it?
We’ve all embraced this new way in our personal lives – we connect to family and friends the world-over from the comfort of home, we socialise and shop online, and we do it all via a system of devices and platforms that are interlinked and controlled at a single touchpoint.
And there’s an iteration that fulfils just that role – the enterprise resource planning (ERP) system for business. With it, operations in client interaction, supply chain status, accounting and finances, human resources, and sales and marketing, can all be centrally controlled and managed in your business’s enterprise resource plan (ERP), powered by the cloud. That’s a flavourful recipe for entirely agile business processes, overall.
But what are the exact benefits of moving your processes and operations into the apparently better, faster, more interconnected universe of the cloud?
Here are some of the more telling features:
Security
The cloud is protected by end-to-end encryption – all activity is bound by coded data that conceals information around business processes. It’s a virtual lock and key that makes in very difficult for unauthorised users, and prying eyes, to see.
Data
Data is insight into how to make your business more efficient, more agile, and more profitable.
It’s the insight driven by numbers that tells the story of your business, its standing in the market, what your clients respond to well. So, every rich pool of data generated by your operations must be tapped into, and the information used to deftly tweak your overall procedures to align with the best possible path for your business.
A cloud-based ERP system automatically collects data from every channel in your business and shows you collections of insights that tell detailed stories about what your business is great at, and areas that you can adjust to better suite the market.
Lower costs
A cloud ERP solution is a Software as a Service (SaaS) product.
This means that you won’t need to invest in costly software or exorbitant hardware or server capabilities. With a SaaS product, you simply pay a monthly subscription fee, and that subscription gives you all the cloud-based insight and features of the ERP, without you having to spend more on physical infrastructure.
Scalability
You can custom-build your ERP structure.
This means that the features it offers, from finance and accounting, marketing and sales, to data and reporting, can be added or removed from your subscription, as your business changes and grows. Simply put, your cloud ERP system will scale with your business.
We’re an internet generation – a society that’s enjoying levels of connection like never before.
Do you need help building your
ERP integration strategy?
Strategix can help.
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