Cloud-based ERP Software – Everything you should know

Whether you are an SME or a conglomerate, every business in today’s competitive world requires a streamlined and simplified operational flow for maximum efficiency. This is why businesses should invest in a credible and robust ERP system. Enterprise Resource Planning is a system that manages all the departments of an organization to smoothen the workflow in a cost-effective, quick, and easy manner.  

Having an ERP system in place will help your business with: 

• Increased transparency 
• Strong data security 
• Quality production 
• Flexibility 
• Modularity 
• Reduced operational cost 
• Enhanced efficiency 
• Better collaboration 
• Improved Supply chain management 
• Scalability 
• Standardized business operation 

In the beginning, businesses used to rely on the traditional on-premise ERP systems. They thus required the setting up of a hardware structure in the organization. Since they were on an in-house server these traditional ERP systems thus required a dedicated team of IT professionals to ensure regular upgrades and timely maintenance.

But the traditional ERP system has more disadvantages rather than advantages such as: 

• The extensive cost associated with the upgrades and maintenance 
• Employing and dedicating ERP consultants which will thus add to the overall operational cost 
• Relatively less secure than most of the data centers, thus compromising your data security
• Requires storage space in the organization, adding to the expenditure  

But as the technology advanced, cloud computing came into being, and an increasing number of organizations made a switch to the cloud-based ERP software. Cloud-based ERP software is deployed on the cloud servers which are owned, operated, and taken care of by a third-party vendor.  

Compared to their traditional counterpart, cloud-based ERP systems which function as software as a service help organization leverage the following benefit: 

• Less upfront cost. Thereby your money can be invested in vital tasks
• No need for hardware, thus no expenditure
• No need to employ a dedicated team because there are ERP consultants for it 
• They are set up and deployment is on the cloud, thus the cost is comparatively lesser in the long run 
• You can customize the processing according to the business’s requirement 
• It makes use of an encrypted system. Thus, this ensures high-level data safety and security 
• It facilitates ease of flexibility and scalability as the demand increases or decreases, thereby making your business scalable  
• You do not have to spend money on periodically training your in-house staff on the updates because ERP vendors take care of it.
• You don’t have to stress about the continually increasing maintenance and user license cost because ERP vendors take care of it
• There will be transparency and effective communication between all the departments 

Looking for signs for investing in a cloud-based ERP system? 

• You are looking for a solution that provides remote accessibility 
• Expenses are exponentially increasing with the on-premise ERP system 
• Present ERP system doesn’t provide analytics 
• Downtime is at an all-time high 
• You are lagging behind in the competition due to a poor ERP implementation 

Tayana’s cloud-based ERP software experts will guide you through the intricacies and benefits of implementing a cloud-based ERP system like Acumatica. Acumatica is a leading cloud-based ERP system for SMEs. It will help simplify and streamline your business processing. Thus, ensuring maximum productivity, profitability, and efficiency.

Reach out to us, today!