Cloud-based services have now become a common thing for business’s IT departments. From complex infrastructures to platforms for communication and collaborative applications, Cloud services are gradually replacing on premise architectures. Despite the global business trends towards the Cloud-based services; the ERP world is making this shift slower. Enterprise Resource Planning or ERP is a business tool which aims at managing and optimizing the key services of organizations on a single integrated platform, from production to development, marketing & sales. Business organizations benefit when they have central access to the data shared with a single software app and user interface. Also, SAP Cloud ERP expands the benefits of the tool itself with hybrid environments and tailored Cloud-based models.
Here are the things that you must know about SAP Cloud ERP and how your business can benefit from the latest technology on the market.
Often ERP is associated with enterprise-level companies or even with specific industries, but nowadays cost and operational benefits offered by this integrated software platform are more accessible. From sanitary facilities to financial services, every business can benefit from SAP Cloud ERP solutions. The chance of sharing operational resources provides significant cost benefits to all types of businesses. Thus, Cloud ERP solutions are budget friendly for all, including small and medium-sized enterprises.
Even though it provides the benefits of an integrated approach, ERP systems can also create problematic issues when there is a need for business to change internal processes. Instead of blinding to the complex hardware and software infrastructures, many business organizations are migrating to Cloud; this offers greater system flexibility. Indeed, Cloud-based ERP applications ensure better adaptability for adopting and maintaining core activities rapidly and efficiently.
Cloud-based ERP solutions are more scalable than the same level of onsite services. Along with the cost benefits, Cloud services allow businesses to update their goals and commitments along with the growth of the business. This represents a substantial benefit for small and medium-sized business enterprises that don’t have access to unlimited capitals. And by avoiding large expenses on hardware & software licenses, the budget can be dedicated to the core business services & activities. Thus, the ability to scale resources according to the seasonal, operational, and market demand turns out to be a great advantage for all the firms.
One of the basic features of Cloud Computing is the ability to operate and adapt rapidly. Instead of using the outdated infrastructures, cloud-based ERP solutions take the advantage of the latest technologies and provide enterprise-level speed & power. In addition to this, the chance of using IaaS, PaaS, and SaaS solutions improves the whole system agility and productivity.
The Cloud-based ERP systems ensure that there are maximum security, privacy, and data protection. Whether it is a cyber-attack, a human error, or a natural disaster, with Cloud-based ERP, your data is always safe and sound. A recent study on global companies says that about 94% of businesses think that their security has improved with the implementation of Cloud services. ERP solutions include regular backup services, and along with those specific features for the platform security, such as multi-factor authentication, decentralized infrastructure, multiple data centers, hardware maintenance, and complete Disaster Recovery strategy.
Therefore, we can say that a Cloud-based ERP solution offers several benefits, and is able to enhance the advantages provided with the ERP itself. The trend that is taking business organizations towards adopting the Cloud services emphasizes once again on the need to give up the outdated technology in favor of more convenient and up-to-date Cloud solutions.