Cloud computing can help organizations improve efficiency and achieve greater agility across all business areas. But great things happen especially when industry-specific solutions, such as enterprise resource planning (ERP), are deployed to the cloud. A company that combines cloud computing with the right ERP solution can realize incredible benefits, more quickly, and with lower costs compared to an organization using an on-premise ERP solution.
Transform your Business with Cloud ERP
Although all ERP solutions target the same industries (e.g. manufacturing, distribution, food processing, and services sector), only a cloud computing system allows you to access information from anywhere, at any time, get true real-time, in-depth insights into business operations, make data available to all those who need it, address and solve problems in a timely manner, and automate processes to ensure consistent work flows. Specifically, cloud ERP can help you:
- Streamline processes – Whether your goal is to consolidate your geographically dispersed company or to gain more visibility into your business operations, the journey to enterprise cloud computing must always begin with defining the improvements you seek. If you intend to reduce the downtime associated with ERP system implementation and maintenance, and to eliminate the manual operations known to cause inefficiencies and create error-prone results, an ERP solution deployed to the cloud might be the answer you’re looking for.
- Minimize investments – Typically provided on a pay-as-you-go basis, cloud computing delivers sophisticated ERP solutions with minimal investments. Savings occur in three main areas: 1) cloud ERP systems are accessed from web browsers, while the software and data are stored by vendors in their servers – this means that you don’t need to invest in costly hardware infrastructure; 2) most cloud implementations follow a phased approach, delivering a cohesive implementation process and reducing risks by allowing implementers to correct errors as they occur; 3) there are no labor costs associated with in-house technical administration of cloud computing systems.
- Simplify implementations – Streamlined implementation is another strong point of cloud ERP. Default configuration settings streamline the entire implementation process, reducing the time and costs associated. However, you have to delineate clear goals and metrics before starting the implementation process.
- Operate as a single entity – In today’s global economy, the ERP solutions deployed in the cloud bring about one more benefit: the ability to implement the same system in all subsidiaries and interconnect various activities to form a single entity. Using the cloud to connect the main office to different locations will allow you to benefit from real mobility, boost efficiencies, and reduce capital expenditures in the long run.
Since small companies can now benefit from the same computing power and speed as larger organizations, they can handle any operations, respond efficiently and quickly to changing market conditions, and execute processes with greater responsibility. In a nutshell, small companies now have an equal opportunity to grab their share of the market.
Although the importance of execution capability cannot be neglected, another essential factor relates to expert knowledge of what needs to be done when implementing an ERP system. Any cloud ERP solution consists of a data repository and a series of best practices. But only the service provider knows how to perform technical configurations, what modules and settings to enable and disable, what analytical tools to select, and how to adjust system processes to help you exploit the true potential of the solution you’ve chosen.
Furthermore, an expert in enterprise cloud computing can help you define your business goals and strategic objectives, and narrow down your organization’s needs, while serving as a trusted advisor throughout the implementation process. Since most SMBs don’t possess in-house IT staff to perform complex ERP implementations, finding a trustworthy consultant willing to offer unbiased guidance is sometimes more valuable than knowledge and experience.
In conclusion, to make the most of cloud computing, irrespective of the sector in which your organization operates, the first thing you need to do is to define your goals along with the improvements you seek. Then, find a reliable service provider who isn’t only able to recommend the right cloud ERP solution for your company, but also ready to walk you through the implementation process.