Maintaining business continuity is always a challenge, but doing so in the midst of multiple national crises requires an even higher level of proactiveness. Between dealing with the daily news cycle and adapting to a remote work environment, your customers – like your business – are looking for ways to pivot, evolve and reshape their industries.
Protests and pandemics, however, aren’t the only reasons that enterprise organizations need to be rethinking their business processes. In particular, the widespread adoption of cloud-based technologies has made digital initiatives even more crucial. In fact, 83% of enterprise workloads will be in the cloud by 2020.
In this post, we break down the technical reasons for modernizing to a cloud Enterprise Resource Planning (ERP) system. From disaster recovery to artificial intelligence (AI), learn the features and advantages of adopting a solution that’s capable of keeping up with today’s unprecedented challenges.
1) Easier Access for Remote Users
With businesses of all types and sizes switching to a remote or hybrid work environment, the need for simple, seamless access is crucial. Without a cloud ERP, these instances typically require either using a work-issued computer with pre-installed software or locally installing an application on a personal device.
With the right cloud ERP software, however, users only need internet access and a browser to access your system. By leveraging web-based and cloud-native technology – not to mention mobile capabilities – your employees can work efficiently whether they’re working from home or traveling away from the office.
2) Built-In Disaster Recovery and Security
Whether you’re concerned about natural disasters or just everyday system errors, maintaining processes that ensure data integrity is a must. With cloud ERP software, all data is hosted within geographically-dispersed data centers for system redundancy and built-in security protocols, meaning you’ll never lose more than an hour of your work due to system failure.
On-premises ERP software requires businesses to purchase and install hardware that must then be configured for best practices. Building this infrastructure eats up time and resources. Cloud ERP systems, on the other hand, safeguard your data in multiple servers, simplifying access to your information and reducing the risk and resources associated with system failure.
3) Improved Scalability to Support Growth
In the days before digital transformation, growth came with a hefty price tag, as businesses were forced to install infrastructure to support increases in users. Due to the abundance of physical hardware to manage, this requirement added considerable costs while also increasing risks.
Cloud ERPs solve this problem by offering a dynamic solution that grows with your business, regardless of your current size or goals. Software-as-a-Service (SaaS) pricing allows you to pay a single, predictable monthly bill based on the number of users, and you can easily reconfigure your processes to adapt to your changing needs.
4) Consolidation With a Global Reach
Whether you’re attempting to consolidate a multinational corporation or simply trying to add operations in another state, the need for additional server infrastructure can be a barrier to expansion. Between the costs associated with purchasing hardware and the setbacks that can arise from installation, growing organizations can often see their timelines balloon.
Cloud ERP minimizes factors that often slow you down in a new location, such as the need to maintain hardware, and enables you to easily add users at the same rate you add customers. Additionally, enlisting the help of an ERP provider with experience in multiple countries and languages means you won’t have to maintain a team with localized expertise yourself.
5) Integration With Best-in-Breed Tools
Organizations without an ERP lack the agile functionality that their competitors can leverage. At best, they’ll hamper their IT team with the time-consuming tasks of creating makeshift business tools and managing expensive third-party integrations.
By contrast, cloud ERP software can seamlessly integrate with APIs and third-party software to support business intelligence, workforce engagement and customer experience. By quickly and easily extending your platform’s capabilities, you’ll be able to promote growth while also reducing operating expenses.
6) Access to Intelligent Enterprise Functionality
One of the biggest opportunities that digital initiatives offer businesses is the ability to incorporate real-time reporting into decision-making. Leveraging analytics and dashboards allows you to minimize disruptions and improve the efficiency of your processes.
With the arrival of the Intelligence Era, cloud ERPs now offer capabilities such as machine learning, AI and the Internet of Things (IoT). By incorporating these technologies into your business processes, you gain both the visibility and the consistency you need to make growth-oriented decisions.
While current times hold a fair share of uncertainty, small and midsize organizations will continue to take advantage of digital transformation by moving their operations to the cloud. Adopting a cloud-based ERP is one way to gain a competitive advantage and stay focused on what’s next for your business.
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