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WHY SHOULD SMES CONSIDER CLOUD ERP SOFTWARE SOLUTIONS

If you own a start-up business or an SME and are eyeing to outperform your competition & peers, it is essential that you leverage technology in all forms. Right from social media channels, cloud & big data computing and other mobile-friendly software!

In fact, a host of start-ups and SMEs are transforming their business with value-added visibility, effective operations and better management of data from various departments such as sales, marketing, procurement, project management etc.

However, despite proper collection and management of data, there comes the challenge of effective utilization of available data to make some business sense out of it. This is where ERP software solutions come into the picture – to achieve actionable insights!

ERP software solutions too have evolved with the cloud technological advancements and moved from its core functions towards a cohesive and comprehensive solution.

Cloud technology has brought about a revolutionizing change in the ERP market. For SMEs looking for a rewarding technology and cost-effective solutions that drive productivity, cloud-based ERP is the solution.

To utilize a cloud-based ERP solution, you must first carefully assess your business needs. This would help in understanding the required functionalities of the cloud ERP solution and how it would benefit your business.

Cloud ERP Implementation Benefits for Your Business!

Implementation of cloud-based ERP solutions can take your business to the next level. Enlisted here are some of the major advantages:

  1. Everyday Benefits:

By moving to a cloud-based ERP, your business attains more data computing power, makes data analysis simpler with everyday real benefits as you do not require extra manpower to track and record user data.

  1. Improved Productivity:

cloud-based ERP software solution is endowed with real-time employee coordination and collaboration, which eliminates the need to meet in person. This saves time from the complex processes of in-person meeting and discussions, visiting other teams for a certain file or document and allows enough time for employees to think of innovative ideas for your business growth. Everything is stored in the cloud and accessible from anywhere, anytime within the company and thus, improves the overall productivity.

  1. Cost-effective Solution:

Cloud services are cheaper than their counterpart in-house IT systems. Wondering how? When you consider the long run, cloud ERP comes at an affordable monthly pricing as it charges per user for a month. Hence it is budget-friendly as compared to other software that charge for license, upgrades and hardware updates.

  1. Highly Secure:

Although this is still a topic of debate whether in-house process is secured or cloud-based services provide greater security, a majority of business have trusted the cloud for their data management. The simple reason for this is that cloud-based architecture addresses the major security concerns such as the implementation of major security patches, user authorization and user provisioning details, etc.

  1. Agile Business Operations:

Cloud-based ERP solutions provide immense flexibility and convenience than the traditional systems, making task management easy by connecting teams at different locations, thereby creating agile businesses.

  1. Real-time Integrations:

Cloud-based ERP solutions offer easy integration of APIs without separate data inputs and processes. Since cloud stores all the data, it is easy to integrate with the other data management systems as well.

  1. Better Visibility of Resources:

By moving your operations to cloud ERP, SMEs can efficiently manage operations such as inventory, billing & accounting, and other administrative tasks. Utilizing the cloud reduces the complexity of owning a server, network or an in-house data center. As the tasks are carefully distributed, the users have a clear idea of their job functions and permissions.

Implementation of cloud-based ERP software also comes with some other benefits, like:

  1. Better cash flow
  2. Faster quote to cash scenario
  3. Informed decision making and
  4. Higher customer satisfaction

Concluding Views

This new epoch of Cloud-based ERP solutions is transforming the ERP industry! They are the new-age technology solutions that can assist your start-ups and SMEs with highly advanced planning and execution modules giving you an edge over the cut-throat competition.

Cloud ERP is also the key to revolutionize your business!

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