Having proven themselves over the last several years as game-changers within enterprise software, SaaS and loud solutions are now being widely deployed by organisations of all sizes.
Analysts are still predicting upward growth trends for cloud based solutions and it’s become a billion-dollar market. Among these solutions is cloud ERP – but what is the difference between cloud ERP and traditional ERP and what are the main benefits of cloud ERP software?
This blog will highlight six key advantages of cloud ERP software and make a persuasive argument for professional service firms of all sizes to consider the Cloud if they haven’t already.
Why consulting firms move to the Cloud
1. Lower Initial Cost
The first benefit impacts the bottom line in that companies with a cloud ERP solution can avoid the significant upfront costs associated with on premise solutions. There are no large application license fees or servers to purchase which reduces immediate IT expenditure.
2. Operating Expense vs. Capital Expense
Unlike on premise solutions, a cloud ERP solution can be considered an operating expense rather than a capital expense. This works well for companies who prefer to keep a leaner, more flexible balance sheet.
3. Lower Ongoing Maintenance Costs
Maintenance costs are significantly reduced as the responsibility for maintaining the solution and ensuring functionality falls with the cloud ERP provider rather than the individual company. This frees up in house IT teams, allowing them to focus on more strategic projects.
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4. Rapid Deployment
Another difference between cloud ERP and traditional ERP is that deployment is a matter of hours or days rather than months. There is no need for expensive installation and implementation, rather, the solution is already running in the cloud so organisations can access them and get up and running at an unprecedented speed.
5. World-Class Security
In many cases, the cloud ERP provider has better security for applications, data, servers and networks compared with what a business may be able to run. This is particularly true for small and mid-sized businesses who do not necessarily have the staff, budget or time to follow stringent security standards.
6. Remote Access
A final benefit is you can access a cloud ERP solution from any device and any location as long as you have an internet connection. This means more flexibility as users are no longer tethered to a particular location or a particular device. This is particularly attractive to organisations with employees that work off-site or in multiple locations.
The benefits of cloud ERP solutions when compared with traditional ERP solutions are clear and present a compelling no-brainer for companies looking to invest in ERP software.
The flip side being, that those who do not invest in cloud solutions run the risk of being left behind or finding their technology doesn’t afford them the competitive advantage the cloud does for others.
IT Europa Report:
Why are so many consulting firms moving to the Cloud?