5 Important Features of Cloud ERP
The introduction of cloud technology has revolutionized the way people think of access and mobility. With the cloud, users with an internet connection can access files anywhere at any time, crossing physical boundaries and time zones with a quick tap on a mobile device. Considering its powerful functions and unique advantages, it should come as no surprise that the business sector has also tapped into this technology, particularly in the realm of enterprise resource planning (ERP) solutions.
Cloud-based ERP systems, as the name suggests, are ERP programs that function on the cloud. They are commonly acquired through subscriptions with third-party vendors that are responsible for maintaining and upgrading the system.
Having ERP on cloud offers several unique advantages that can rival the functions of traditional on-premise solutions. Depending on a company’s needs, an organization can significantly benefit from its implementation. For a better understanding of cloud ERP, here are some of its important features.
Integration
One of the most advantageous features of cloud ERP is that it offers a higher level of integration. Legacy ERP systems were already offering this function with a centralized database, but people can only access this database within company premises. Hence, enterprises that have multiple local or international branches are still limited when it comes to information access. Cloud ERP breaks down these barriers and unites different sectors of the company into an optimized business machine. As such, productivity increases as well as work performance.
Tracking and Visibility
It is crucial for company management and stakeholders to have an eagle-eyed view of how a company is doing. While accomplishing this is easier when the business is still small, tracking operations and accurately figuring out its current financial standing becomes increasingly more difficult as the business grows. With cloud ERP, company management and stakeholders will be able to see the business as a whole and access more data and statistics to guide them in making important company decisions.
Data Analytics
Never underestimate the importance of data. In the highly global and complex market, data is everything. It can help predict trends that can lead to new market opportunities. On the flip side, it can also help company leaders spot potential issues before it causes problems for the company. As cloud ERP systems integrate various sources of information and automate repeated processes, it allows the organization to better allocate its resources and reach its goals.
Mobility
In an era where people are constantly on the go, the importance of the internet and mobile devices cannot be stressed enough. The same applies to cloud-based programs, such as cloud ERP. Implementing this type of ERP solution will ensure that authorized employees and company leaders will be able to access information wherever they go. Whether they’re heading out to meet a client or working from a remote location, they can effectively accomplish their tasks and reach their deadlines by accessing the cloud ERP.
Scalability
For the longest time, ERP solutions have been limited to big companies due to the need for substantial capital upon implementation. However, cloud ERP solutions today offer more affordable software packages that even small businesses can afford. Moreover, small businesses do not need to let go of the programs that they use even as they grow. Select cloud ERP programs can be scaled up or down to fit company needs. For example, an organization can ask the solutions provider to allow for more users or increase data storage as the company expands.
These five features are only some of the reasons why cloud ERP is one of the most highly sought out programs today. Like businesses, there are different kinds of cloud-based ERP software on the market, which targets various companies from varying industries. The key to finding the most suitable ERP match is to partner with a legitimate and experienced vendor, who can pinpoint areas of growth and suggest the best solution–a vendor like ANSI Incorporated Systems Inc.
ANSI is a leading solutions provider in the Philippines and has served both local and overseas businesses for over thirty years. We are dedicated to helping companies, both big and small, find the best ERP match that will ensure the best returns for your investment. For more information, contact us, and let us help you find the right ERP solution for your business.
