The debate over on-site vs. cloud ERP software has now been settled. Companies of all sizes and in every industry prefer to rely on the cloud for its ability to lower costs, increase functionality, simplify maintenance, and amplify the benefits of enterprise resource planning software overall.
In practice, however, cloud ERP software is able to deliver even more benefits than even the most enthusiastic adopters expect. It is worth being aware of the overlooked benefits early so that you can begin taking advantage of their full potential starting on day one.
Data security is a paramount concern for every business. The risk of a breach is greater than ever, and the consequences range from disruptive to catastrophic. Cloud ERP software actually enhances the level of data security that companies can depend on by bundling a number of security resources together into a single package. Cloud service providers have invested heavily to secure their clouds, and to manage and monitor those clouds according to the direction of world-class security experts. In almost all cases, it will be too costly for companies to invest in similar capabilities just for the protection of their own data.
Since the heavy lifting of managing and monitoring your cloud enterprise resource planning software is handled by the provider, your in-house IT team is liberated from a lot of time and labor-intensive work. That means that rather than having to install updates and patches, they can spend their time working on IT initiatives that can deeply impact your bottom line. You free your IT team up to utilize the full extent of their credentials rather than handle an endless stream of rote assignments.
Being able to access mission-critical apps from anywhere at anytime is no longer just an exciting capability for today’s businesses. It is an imperative for any company that hopes to remain competitive and avoid the slow slide into irrelevance. Cloud ERP software has been built from the ground up with mobility in mind. That means companies can instantly embrace a mobile strategy, and evolve that strategy as new devices, data sources, and client expectations are introduced into the mobile ecosystem.
Perhaps the single biggest advantage of cloud ERP software over any other type of implementation is how seamlessly it can change. Since the cloud offers on-demand access to a pool of computing resources, companies can match their exact capabilities to their exact needs at all times. As a result, when growth suddenly accelerates, new markets open up, or the industry landscape takes a turn to the left, companies are not stuck with IT that is no longer relevant. The cloud puts these companies in the perfect position to adapt to changes over the short-, medium-, and long-terms.
Cloud ERP software is often viewed as an in-house resource. It is designed to improve communication, collaboration, processes, and strategies for everyone on your team. But as a result of these refinements and enhancements, the overall customer experience improves significantly as well. Issues in the financing, distribution, sales, and marketing departments can easily be resolved so that every customer interaction is as efficient and effective as it can possibly be. And once you begin basing strategic decision making on data rather than assumptions, you’re in prime position to adapt what you do to the exact needs and wants of the customers you serve. The effect on the bottom line is immediate and lasting.
These are the most commonly overlooked benefits. But many companies find that once they implement cloud ERP software, it also leads to unexpected improvements and opportunities that are specific to their operations and goals. Anyone looking to reap the greatest rewards from ERP specifically and IT generally should be very enthusiastic about the capabilities of the cloud.