3 Reasons Why Your Business Should Switch to a Cloud-Based ERP System

Posted on 27th October, 2023

3 Reasons Why Your Business Should Switch to a Cloud-Based ERP System

Giving companies access to their mission-critical applications at any time, from any location, and offering a nearly infinite ability to scale and innovate, cloud ERP is enterprise resource planning software that is delivered over the Internet. As the IT backbone of a business, cloud ERP software provides advanced functionality for all the core processes in an organization.

Cloud ERP is usually delivered "as a service." Customers do not own the software but instead, lease it on a monthly or annual subscription basis. There are no upfront hardware costs, and the vendor takes care of application maintenance, upgrades and innovations, data storage, and security.

If you are thinking of switching to a cloud-based ERP system, here are three reasons why you should do it.

1. New Functionality

Cloud ERP vendors deliver new functionality and application improvements to the businesses that use their software through continuous upgrades, as well as several new larger releases every year. Because these updates are delivered to everyone at once, you will never miss an opportunity while waiting for a vendor to update your custom ERP system. Furthermore, if customers identify similar requirements, they can push the ERP vendor for changes. As a result, the overall pace of innovation is more responsive and a lot faster.

2. Lower Costs

With a subscription service, there is no upfront purchase cost for hardware or ERP software. Ongoing IT and related staff costs are also lower as upgrade and maintenance expenses are handled by the provider. Cost savings can be significant, especially with a public cloud ERP deployment. Cloud ERP operates on a subscription-based model, where companies pay for the services they use on a recurring basis. This eliminates upfront software licensing costs and reduces hardware expenses, making it more cost-effective for many businesses.

3. Real-Time Insights

Cloud ERP systems have been architected to unlock Big Data so you can access information hidden within large and complex data sets. While legacy ERP systems provide reporting tools, they do not offer the integrated, real-time analytics available through the cloud, and these are the keys to better decision-making. The ability to see trends, automate processes, and predict changes improves resource usage and greatly enhances customer service. Cloud ERP systems offer real-time access to business data, allowing decision-makers to see the current state of affairs at a glance.

In conclusion, cloud-based ERP systems allow businesses to trim overhead and make better use of the time they would otherwise spend on process coordination. Your organization can boost its efficiency and complete tasks faster and more easily with a cloud ERP. In a world where business colleagues can collaborate on documents and enter data from any location, ERP is most efficient when it is accessible via the cloud. The remoteness of the cloud also makes the ERP system easier to use, as there is no onsite, laborious upkeep required.

The team at Quantum ERP Solutions can efficiently help you implement your ERP system

Quantum ERP Solutions works together with reputable software companies to ensure the implementation, customization, and automation of Epicor ERP, and Oracle NetSuite. We can assist you throughout every project phase to achieve the results that will improve operational efficiency and turnaround time.

Our team can seamlessly integrate our solutions into every Microsoft application, every payment gateway API, every API type, every file type, and every database type through Open Database Connectivity. If you are a company looking to implement an ERP system, do not hesitate to contact us.