ERP(Enterprise Resource Planning) is a robust application offers wide range of bundled applications with the aim to help business automate process, data collection, storage, management, financial transactions and interpretation from different business sources like marketing, inventory, accounting, research & development, HR department, order delivery etc. Using this automation process, business owners can have a live integrated real time view of all business process, resources & other important functions of organization. Beyond this, ERP helps to share real time and accurate information among departments of an organization, thus data is centralized and can be accessed any time.
Cloud ERP Solutions are simply set of ERP applications that are provided to users over internet. Users have to use the web browser to run this application. Usually cloud based application is not installed on computer’s hard drive in an organization, it is installed over internet at a remote location. Businesses that have integrated cloud ERP for their day to day business operations have seen many overwhelming benefits, five of the major and most common are as follows:
Increased ERP Performance
One of the major issues many businesses come across when they install an in house ERP solution is that, it requires a fair amount of electricity and computer power in order to a run ERP with its highest efficiency.
For many small businesses, it will be a matter of investment, rapid and continuous maintenance. They have to install costly servers and infrastructure in their premises. If the infrastructure is maintained poorly , there are 100% of performance drop of applications and the functions of organization. On the other hand, Cloud ERP Solution only require a steady internet connection, which many organization already have. Hosting and maintenance of the applications are taken care by the provider. Which means that your system will perform better than in house hosted ERPs.
With the help of cloud ERP, procurement organizations and suppliers can easily communicate with each other and monitor their supply chain management. They keep an eye on orders, delivery and tracking in systematic way, so it becomes easier with Cloud Retail Software to manage entire operations related with suppliers. Once it was thought that it was a difficult process, but cloud ERP made it possible.
Decreased operating costs
In-house ERP solution requires a constant professional hardware and software support. For business, it will be like hiring a new resources to maintain the setup and it will not be available at low cost.
When you think about cloud based ERP, you only have to pay monthly flat rate fee, it means the cost of ERP is far lower than your in house installed ERP. Another important and cost saving benefits is this, you don’t need to hire or recruite highly qualified professional to manage and support your cloud ERP solutions. Providers of cloud based ERP will manage, maintain and provide you 24×7 round the clock support. This way it will decrease the expenses of IT department.
Security of data is one of the major concerns for an organization. Cloud based ERP provides round the clock software and data security to business from outside and inside threat. Most of the ERP offers robust and full proof data security when data moves from your system to remote hosted servers.
In the case of internal data security, you will need to access your system with your assigned account with authorized user name and password. This access can be supervised and controlled with master control panel. In general, cloud based ERP are much more secured with the enhanced security measures offered by provider.
Enhanced access to information
ERP can help bring the relevant information in more detail and in effective manner whenever it is needed. Companies that don’t have ERP, will have to struggle hard to find desired information. ERP solutions are hosted over internet, that can be accessed anytime from any location. You simply need an internet connection to access the information. This will help organization to take decision quickly. Top management and managers can have full information about the status of any process. As an example in Cloud Retail Software store or inventory managers are capable of checking the status of inventory and orders at any time and from anywhere.
Published by A R Softwares Pvt. Ltd.