Many companies are already familiar with the concept of ERP ((Enterprise Resource Planning) software. They use this tool to organise and aggregate data that is spread across each of its independent divisions. Traditional ERP solutions are typically housed within the organisation’s own server infrastructure and require regular servicing and updating to stay current.
Meanwhile, Cloud ERP software, as the name implies, relies on the cloud rather than proprietary server setup. This allows companies to share information across all branches. Cloud ERP integrates some or all of the necessary functions to run inventory, accounting, procurement, client management, and human resources all under one system.
Benefits of Implementing Cloud ERP
Cloud ERP systems are more mobile and accessible than their conventional on-site counterparts. Employees can upload and access data anytime via the cloud, from any device as long as it’s connected to the Internet. This stimulates better collaboration among divisions wherever they are located.
The software can also be hosted on one platform. All your company applications, such as your accounting and customer relationship management, can be installed on the same platform to unify your systems of record with each engagement. Instead of having each application on different systems, you can now enjoy a shared central database to get real-time reporting.
Updates and Security
Unlike traditional ERP programs, cloud ERP users receive updates for the software as soon as they come out. The system can also be configured to match your business’ needs. When it comes to security, cloud ERP uses the same setup as traditional solutions. Information is consolidated into an encrypted and centralised server network. The only difference between the two is that, in cloud ERP, the servers are located in a remote facility secured by the service provider.
Cloud ERP offers a flexible solution for businesses who want a more customised approach to running operations. It breaks down the barriers between departments and promotes better collaboration.