All companies need to be able to keep track of every single detail of their operation at any time. Managers need to know they have the data they need on financial reports, orders due to be processed, inventory, and personnel. The same goes for all the staff and department heads trying to keep every cog of this machine running effectively. ERP systems can help. When you pick an ERP system that’s cloud-based, it can be even more advantageous.
How Can ERP Systems Help Your Company?
ERP stands for Enterprise Resource Planning. What this means is a series of tools that can help you manage the way your business – your enterprise – manages all its systems and resources across all departments. The aim is to bring everyone together in one system so there’s no room for miscommunications or lost data. Everyone should be able to see the same information, interact with it, and make sure the business runs as efficiently as possible. These systems are essential for any company dealing with supply chain operations, project management, and all the financial and HR factors that go along with that.
Some companies will use on-premise ERP systems to keep everything in-house and under the full control of IT teams within the organization. This has its benefits if you want to be 100% in control and insular about everything. However, you could be missing out on some benefits and find yourself stuck in a system that’s inefficient and not as cost-effective as you expect. The alternative is to sign up for a subscription with a cloud-based provider. While this might not be ideal at first, the benefits are significant, especially when thinking about future growth and development.
8 Reasons Why You Need A Cloud-based ERP System
Easy Access To Data
The immediate benefit of using services like Oracle NetSuite cloud ERP software is the way you can access the data. The systems make it easy to save everything you need to know about orders, prices, invoices, and inventories and access them as needed. This includes simple interfaces on mobile devices for access in any location at any time.
Easy Access For Everyone
This improved accessibility also makes it easier for everyone to get the information they need when they need it. Data is no longer on a need-to-know basis when every department head and manager can log into the same system and manage their portal. This access should mean better communication between staff members and everyone working together with ease.
Real-time Information
Sending everything up to the cloud and making it immediately accessible like this also makes it easier to get hold of real-time information. You’re not sitting waiting for reports through emails and left falling behind other departments. You should all be on the same page at the same time.
Real-time Adaptability
When you have high-quality data updated in real-time and sent out to the people who need it, you also get greater adaptability. Your workers can take what they see and adapt their approach to new orders or problem-solving. Smart cloud systems can also adapt to new processes and workloads.
Improved Scalability
Continuing from this point about adaptability, this also leads to great scalability. Scalability is when you can increase or decrease the operations and package you’re working with to suit your needs. Many will look at ways to increase storage and boost features as they get more competitive. However, you can also downgrade subscriptions to make things easier and cheaper during slower months.
Better Support
When you keep everything in-house and on-site, you’re relying on your personal IT team to be there at any time to fix problems, find data, and keep the system in check. That’s a lot to ask from a small team, and issues may fall through the cracks. An ERP system provider should have a dedicated customer support team and a ticket system to help resolve queries with ease.
Better Security
A fear with cloud-based systems is the idea of sending data out into some unknown void where someone else might get hold of it. The truth is that professional companies are on top of their security systems to keep customer data safe at all times. It should be easy to back everything up and know it’s unlikely to get stolen or corrupted. Besides, an in-house system is at risk of hacks, malware, and bugs anyway. You’re better off with the professionals.
Better Pricing
When you work with the right cloud ERP system provider, you can find that it’s much more cost-effective than you thought.
You don’t have to deal with the costs of all the hardware and software upgrades that you might have with an in-house system. Also, if the scalability works in your favor, you may be able to reduce the monthly costs during quieter months. You can figure all that out with your provider.
Working With The Ideal Cloud ERP Providers
The only way to get all of these great benefits of cloud enterprise resource planning is to work with a provider that understands the full potential of both ERP services and cloud-based software. It’s no good turning to a company with great cloud services and reliable connections only to find the interfaces and features on their programs aren’t up to industry standards.
Find someone who can offer user-focused Oracle NetSuite cloud ERP software at a fair price. Make sure they can do so with room to scale up the plan as needed and customer support to help with any issues along the way. These companies should be able to offer a clear idea of what to expect from the platforms, maybe with some demo videos to highlight the features. They should also have experts ready to answer any questions and help you sign up.
Get Online With Cloud-based Enterprise Resource Planning
If you’ve been on the fence about cloud-based solutions before, hopefully, the benefits highlighted here can change your mind. Look into the different programs and subscriptions available and see how they can help your business thrive.