The benefits of cloud ERP software and what solutions they provide to the modern workforce are endless. Digital transformation is the tech industries favorite buzz word, but what does that mean for your business? Here, we will discuss some of the main benefits of cloud ERP software and how it helps your business succeed.
Cloud ERP software offers flexible deployment options because a modern ERP system is often web-based. You can deploy the system using a Software as a Service model (SaaS), where the system is hosted and maintained by the software provider, in a private cloud, or even onsite in a traditional server model.
Cloud-based erp system is also more cost-effective. If you can host your data in a Software as a Service (SaaS) environment, all of the costs to maintain and host the system are typically included in your subscription, so your annual fees are very predictable. In many cases, you can reduce hardware costs, and your IT budget can be better utilized to help expand your business, rather than maintain financial software and related systems.
Another benefit of Cloud ERP software is it's more scalable, with more built-in business intelligence and analysis tools, and combining functionalities that may have existed outside the accounting system in the legacy model. Rather than having to install "bolt-ons," you can easily enable different features you wish to use. Some systems even offer unlimited users so that adding a team member to the system is cost-effective and straightforward.
Anytime, Anywhere Access
A modern web-enabled system allows for anytime/anywhere access and from any device. cloud ERP systems often offer mobile applications, and browser-based systems will enable you to have access to your data, whether you are in the office, at home, or on vacation, without having to utilize a VPN. However, these Cloud ERP programs are also very secure, allowing you to set when, where, and what users can have off-site access.
Modern ERP system's are most often even more secure than a traditional accounting system. Cloud solutions offer more secure environments. Some of the ways this is accomplished is through strong user authentication, multi-factor authentication, role based security and even limiting access to individual records. Cloud solutions often offer both encrypted communication between the browser and the server, and also offer database encryption for sensitive data such as credit card and social security numbers. Read more about why Acumatica is more secure than a traditional ERP system.
Finally, a huge benefit of Cloud ERP software is that it's built with more open architecture. Cloud ERP systems can be customized or configured to adapt to an organization's unique needs, without having to blow your budget, or lock you into a specific version.