Small to midsize businesses visage many challenges, the biggest of which is usually managing growth. A business that grows faster than expected may be hindered by operational constraints, such as a lack of staff, workspace and set of connections infrastructure.
According to Deloitte, businesses that have stirred to the cloud have grown 26% faster and deliver 21% higher gross profit. Of all the companies survey, 85% said that the cloud had enabled their business to scale and grow faster. In essence, more and more businesses are realizing the benefits of the cloud and have grown faster and reaped more profits from first to last cloud-based technologies.
One fundamental cloud-based solution that all SMB businesses should consider implementing is an enterprise resource planning (ERP) system. Having this all-in-one business management software tool will allow for departments to access data in real-time through one system. An ERP is a critical backbone for any company with benefits immediate benefits including increased efficiency, streamlined processes, better visibility and precision of corporate data and much more.
If you are making an allowance for moving your ERP system to the cloud, have outgrown your accounting system and/or want to transition to a cloud-based environment, here are 4 ways your business will run faster with Cloud ERP.
By using cloud computing, your upward business won’t have to purchase, install and maintain server equipment which can be tedious and time-consuming. The cloud provider will take care of all security and continuation, saving time to allow you to focus on what your company does best.
The speed of cloud scalability means that you can quickly grow your IT infrastructure to be as powerful and expansive as you need it to be the minute an opportunity for growth presents itself. You can scale up immediately and get to work faster as your business increases its headcount and volume of data. Read more about cloud ERP scalability and flexibility.
No matter what trade you’re in, the market burden fast service, product and service reliability and transaction predictability; crucial factors that can put your business in a disarray if not handled properly. Moving to the cloud allows you to push products to the market much quicker.
With a cloud-based ERP, your workforce will be able to access data and make decisions on the fly wherever they are. Since data is not locked up in individual employees’ machines, you can give teams 24/7 access at home, on a plane or event at a client’s spot for a meeting. They will have the power to do more and collaborate.