There are so many ERP (enterprise resource planning) options at present on the market that it’s easy for enterprises to find one entirely suited to their unique requirements. Before diving into the details, however, it’s important for any forthcoming user to choose between an on-site or cloud ERP deployment. There are advantages and disadvantages to both approaches, but without a doubt, an ERP performs better overall in the cloud.
Your IT team is one of your biggest assets. But when they have to spend their days on the maintenance, updates, and repairs that your on-site ERP system requires, their time is not well spent. When the ERP resides in the cloud, all of these scheduled tasks are handled for you by a dedicated team of off-site expert. That ensures you always have the strongest, fastest, and most up-to-date version of the system to use. Plus, it frees up your IT team to work on more productive projects.
The reason you’re putting tools like ERP finance in place is because you want your company to grow. But when it does, the version of the system that you relied on initially may no longer be suited to your expanded requirements. With an on-site system, it’s a time and labor intensive process to scale your capabilities upward. And depending on certain factors your growth may be limited. But with cloud ERP you can move to a larger, more capable system immediately, affordably, and without limits.
Since an ERP is basically a repository for all your company’s data, the security of the system is a paramount concern. Data security is a challenge no matter where the data resides, but it’s much harder when your in-house team is solely responsible for maintenance, monitoring, and response. Your level of defend doubles when you use cloud ERP because both your in-house team and your cloud provider are focused on the security of the system. It’s not an assurance against attack or breaches, but it is a welcome safeguard.
Given the scope of even an unassuming ERP system, implementation is a notorious challenge. If you have a limited or inexperienced IT team, this implementation can drag on for months. And when the system is finally up and management it may be buggy or poorly suited for the particular needs of your staff. But when you choose a cloud ERP, the service contributor helps you to plan, customize and implement your system. These consultants have years of experience combined with expert knowledge of the ERP in question. As a result, the implementation is faster, and the final product is stronger.
These are the benefits that relate to performance, but a cloud ERP can also save you money, offer you more feature, and prove to be a viable option for a greater number of companies. You understand the importance of an ERP. Now make your focus finding the right ERP.