7 Benefits of Using a Cloud ERP
Long gone are the days of on-premise ERP software. With the cloud technologies barging in, ERP’s have also become cloud-based applications. But it must be noted that on-premise ERP and Cloud ERP have their own advantages. But as far as the modern businesses are concerned, cloud ERP beats on-premise ERP hands down. Let’s have a look at the benefits of ERP.
1. Access from anywhere
This is the primary benefit of using a cloud ERP. unlike on-premise ERP, the cloud ERP can be accessed from anywhere around the world through the internet in their browser. It allows you to manage or monitor your business from anywhere, anytime. It is highly useful for those who are constantly traveling for business purposes and still want to control their business remotely without any hassle.
2. Centralized data for Consistency
When working in an organization, it is important to keep the consistency of data. If any discrepancy in data occurs, it can give you a real hard time sorting out the aftermath. Fortunately, another advantage of cloud ERP is that data will be shared from a single database. Which means there is only a single point of truth. It eliminates any chance for data discrepancies.
3. Reduced Risk of Failure
A major drawback of on-premise ERP is that, if the workstation in which the ERP is installed fails, the whole operations would just get stuck. It can’t continue without the workstation being fixed. But in the case of cloud-based ERP, the ERP application is hosted on a remote server. So if a workstation fails, the user can access the ERP from a different workstation. Since the server is not subjected to any regular human interactions and mostly stable. The chance of server failure is extremely rare.
4. Data Security
Data security is an important aspect for most of the businesses. Any breach in confidential data can lead to serious impacts. That is why all hosting providers provide strong security features for the databases. With multiple layers of security, Cloud ERP is one step ahead of on premise ERP in terms of security.
5. Cost Effective
Contrary to popular belief, Cloud ERPs are not as expensive as they seem to be. This is because there is no need to configure the ERP at the client’s premises, which can be a daunting task at times. The ERP software will be already configured at the vendor’s server. Only a small amount of setting up is required to get things fired up.
6. Faster Installation
With Cloud ERP, there is no need for the vendor to visit your premises and set up the ERP for you. All the configuration can be done remotely. This saves a huge amount of time in setting up the ERP for the initial use. The on-premise ERP would require a lot of time just for setting up the ERP on the client’s location and maintenance involves an abrupt stop to the ongoing operations and would take up a lot of time.
7. Extremely flexible
As far as the on-premise ERP is concerned, once the ERP software is set up and configured, changing a feature, or adding a new feature is a difficult task and it would involve a lot of cost and time. But for Cloud ERP, the changes and new features can be added from a remote location. And through cloud deployment, the changes can be made live without interrupting the day to day operations of the ERP software.
There you have it. The benefits of ERP solution clearly outweighs on-premise ERP for managing the supply chain and other business processes. There are many cloud-based ERP service providers out there. So be wise to choose the best from the lot.