Software integrations make life easier; they minimize tedious workarounds, allow us to collaborate more efficiently, and in turn, reduce costs. This is especially true for small businesses that don’t have the money to compete with larger companies or the time to plan, manage, and leverage their resources wisely. Cloud ERP helps with all that.
What is it?
A cloud Enterprise Resource Planning (ERP) solution combines your finance, accounting, inventory management, and human resources into one solution. It helps streamline business processes with workflow automation and machine learning capabilities, and allows you to assess your company’s performance with intuitive reports and financial forecasting features.
Cloud-based ERP is equipped with a handful of results-driven features. Mostly, this involves connecting separate platforms or departments to each other. For instance, sales and order processing, invoicing and accounting, stock and inventory management, business intelligence, and customer relationship management.By bringing all these data points under one database, you can streamline your operations, create financial reports and performance metrics, define pain points, identify business opportunities, and so much more.
The ability of cloud-based ERP to integrate with third-party applications is foundational to better resource planning.
A Cloud ERP solution like Microsoft Dynamics combines business intelligence with software and office tools to provide better visibility in the form of risk reports. They help you create better budgets, forecasts, and financial plans. And with better insight into your operations and your customers, you’ll be able to make better business decisions and avoid costly mistakes in a timely manner.
Cloud ERP is accessible from anywhere at any time with an internet connection. You can literally access data and other key information needed to make the most informed business decisions no matter where you are. Everyone in your company can also record receipts, invoices, and other financial information on-the-go. This means your data will always be up-to-date.
Unlike an on-premise ERP solution, Cloud ERP alternatives are hosted in state-of-the-art data centers and hosting environments. For example, Microsoft Dynamics on Azure is constantly backed up, encrypted, and hosted in Microsoft’s geographically diverse data centers to ensure optimum security. And with built-in business continuity, you’ll never have to worry about losing your data again.
The ability to scale an asset up or down can make or break your business. If you scale your business too slowly as it grows, you won’t be able to keep up with your customers’ needs. Scale too quickly and you might overspend and waste resources.
Cloud ERP gives you better control; instead of having to purchase or install new software for new employees, you can simply scale your package to accommodate new users.
According to Business2Community, 35 percent of businesses saw a return on investment within three years of implementing cloud ERP. What’s more, 70 percent of the surveyed companies were able to reinvest revenues saved from cloud ERP back into their business.
Implementing cloud-based ERP means you’ll no longer have to fund or manage your own data centers as cloud providers like ourselves do all that for you. Even better, you can choose to pay for ERP services in monthly or yearly installments and treat it as a recurring, fully tax deductible expense.
ERP was once a solution reserved for large enterprises. Thankfully, cloud-based deployments have made this software more advanced and accessible. We’re not called SimplyClouds for nothing; we have extensive cloud experience and are dedicated to customizing the right solutions for our clients’ needs and budget. So if you have any questions about the cloud, or are interested to learn more about cloud ERP, drop us a line and we’ll be happy to help.