How if your business is privileged with an automated system of data collection, storage, management and interpretation from various business sources like accounting, inventory, marketing, etc.? Wouldn’t it curtail costs and efforts to exchange information between departments and reduce chances of increasing disparate data? It can be a game with Cloud ERP implementation.
What is difference between Cloud ERP and onsite ERP solution?
First of all, they vary by nature of accessibility. While cloud ERP is a hosted solution providing browser access, an onsite ERP solution is installed on a computer accessible locally. Cloud ERP delivers solutions to the users over the Internet connection, requiring no upfront investment. Onsite ERP solution requires purchasing, deploying, configuring and maintaining the software.
By contrast, cloud ERP solution is offered per-user, per-month and on flat-rate fee. Implementation, maintenance and management of the solution rests on hosting service provider.
Users who have implemented Cloud ERP solution have experienced a number of benefits. Five of them are sure to attract you.
- Lower upfront costs
- Faster ROI on IT spending
- Increased performance
- Decreased expenses on IT resources
- Enhanced access to information
Lower upfront costs: Cloud ERP hosting service is offered on flat-rate fee, leaving the liability of implementation of the solution, maintenance, updates, and management to the hosting service provider. It eliminates both cost and effort and saves tons of money on installation costs. This is why it is especially advantageous for small-to-medium size businesses which have tight budget and limited IT resources.
Faster ROI on IT spending: Cloud ERP is implemented quickly, enabling businesses to gain returns on their IT investments much faster. Implementation of cloud ERP takes a few days only compared to a month or more required to finalize onsite option. Thus, accelerated speed to implement cloud-hosted ERP can equate to a reduced total cost of ownership over an entire span of investment.
Increased performance: Responsibility of maintenance and management of hosting server rests upon the hosting provider. As a result, performance keeps going with desired level of performance unlike onsite cloud solution which requires to be maintained and managed by the user only and unlikely prompt recovery from a poor performance and execution of the solution.
Reduced expenses on IT resources: Cloud ERP hosting service providers provide technical resources and handle all sorts of hardware, software and network administration.
Enhanced access to information: Cloud ERP brings together relevant information in more efficient way in much shorter time. On many occasions, users of onsite ERP are to struggle to get access to their required info when they really need it.
In addition to these benefits, strict security of data is a feature that clearly sets cloud ERP solution apart from all other forms of ERP solutions. One more benefit is anytime-anywhere accessibility from mobile phones and customizability of users’ invoice and reporting templates.
Content Source: https://www.linkedin.com/pulse/5-benefits-gain-from-cloud-erp-implementation-indranil-chanda
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