The Future of ERP is in the Cloud
- On January 15, 2023
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- Business Benefits, cloud, cloud erp, cloud innvations, Cloud Technology, enterprise resource planning, ERP, ERP Implementation, Food and Beverage Software, increase efficiency, inventory management, manufacturing software, operations, SAP, SAP Business One, SMB Business Technology, SMB Technology, Softengine, Software, technology
The Future of ERP is in the Cloud
When ERP (Enterprise Resource Planning) software emerged in the market, the only option was to host On-Premise, meaning that the business’s own IT personnel would be responsible for maintaining the software. On-Premise hosting additionally requires the software to be installed on the business’s own hardware which can be accompanied by additional stress and risks. As technology advanced and evolved through the years, Cloud ERP took center stage and is only becoming more popular amongst ERP customers and providers. In today’s Softengine blog, learn what it means to host on the Cloud and the benefits that can be gained by choosing the Cloud. The future of ERP solutions truly lies in the Cloud environment because of the state-of-the-art technology being developed.
By definition, Cloud ERP is when the ERP software is hosted on the provider’s cloud platform and is managed and overseen by their IT department. Instead of the software being located on the business’s own hardware, it is accessible over the internet. Because the software is hosted on the provider’s platform, various types of Cloud ERP solutions are often referred to as “Software-as-a-Service” (SaaS) because the customer does not own the software, rather leases it as a subscription service. Due to Cloud ERP being offered as a service, this eliminates the upfront hardware installation costs and allows the customer to not be responsible for maintenance, security, upgrades etc. It also eliminates the necessity of having an in-house IT team to oversee the software (1).
Benefits of Cloud ERP
Maintenance Ease: Due to the cloud ERP provider managing the maintenance of the software, this relieves the customer of many responsibilities and efforts that are required for software maintenance. This saves customers money if they do not have an IT department employed to handle the proper maintenance and support of the software. Overall, if a customer is looking at purchasing an ERP but has hesitations due to the absence of an IT department, this is no longer a concern due to the extensive options for service and maintenance that hosting on the cloud offers (2).
High Levels of Security: When choosing to host on the cloud, it allows for greater peace of mind when dealing with security issues. Every business is aware of the threat that security breaches pose to their business and critical data, but when hosting on the cloud, data, security, and disaster recovery are all handled by security experts who work full-time to ensure that their customers’ data are secure. Due to the collaborative, complete, and connected nature of Cloud ERP and the top-notch security they provide, vulnerability and security risks are decreased (1).
Mobile ERP Support: With the on-the-go culture and the increasing number of businesses moving to a hybrid or remote work life, the ability to access ERP and complete business out of the office is becoming more prevalent and necessary. With Cloud ERP, mobile device support is built into the product and offers customers the secure capabilities to conduct business from anywhere at any time with the peace of mind that their data remains secure and confidential (1).
Faster Innovations: Technology is constantly being updated to improve functionality and performance for users, and with Cloud ERP, customers can benefit from innovations faster. Quicker access to new updates within the software allow for user-experience to be increased in shorter amounts of time. Remaining up-to-date and operating at peak performance levels is a sure way to continuously improve and innovate on pace with the newest technological advances (2).
Improved Agility: When a business is growing, there is no time to wait for an outdated legacy system to keep up with the requirements necessary to continuously grow. Software flexibility and cross-departmental integration are two key ways to maintain and increase growth. With the features and functions that a Cloud ERP offers customers, it is a great asset to drive operations while providing the detailed insight into the heart of the business. In conclusion, to continue to grow a business, it helps to have an ERP that is well-equipped and capable of growing along with it and supporting the specific requirements (1).
Overall, Cloud ERP is a fantastic option for businesses looking for extra flexibility, security, and access to innovative technologies. Cloud hosting is only becoming better with every new innovation and technical additions.
Making the shift to the cloud may seem daunting, but with the right ERP partner, the transition can occur with minimal business disruption. At Softengine, we are a SAP Gold Partner specializing in SAP Business One, the leading ERP solution designed specifically for the Small to Midsize business market. We offer Cloud ERP hosting options and are readily available to offer further business-specific insight.
For inquiries into SAP Business One on the Cloud, contact one of our specialists at [email protected]
More information about SAP Business One: https://softengine.com/product/sap-business-one/
More information about Softengine: https://softengine.com/about-softengine/the-softengine-advantage/