Most businesses today heavily depend on Enterprise Resource Planning (ERP) solutions for their daily business operations and management. Introduction of cloud-based ERP solutions has brought with it numerous advantages, particularly for the small to medium-sized businesses that cannot afford an in-house IT team. Initially, many companies were skeptical about handing over their operational data to a cloud solution maintained by a third-party company. With time, more businesses have embraced this model mainly due to the reasons discussed below.
Overall cost savings
Cost saving is perhaps the most significant draw to cloud-based ERP solutions. The Software as a Service (SaaS) subscription model delivers all the benefits of an in-house solution, but without the need to buy expensive hardware such as servers and networking equipment. This also means that a company using Cloud ERP won’t require additional staff or resources to maintain the solution, therefore, allowing it to focus on its core business operations.
One of the key features of Cloud ERP is its inbuilt flexibility, which allows businesses to change the services they subscribe to according to their needs whenever they want.
Cloud ERP usually comes with 24/7 support services provided by the solution vendor. Businesses subscribed to these services also get regular upgrades and training in the newest feature.
Cloud ERP solutions vendors pay more attention to system security threats than the average in-house IT department. The solution providers are also better placed to identify and patch up vulnerabilities in their products. Get in touch with us now for more details.