Why to Switch ERP System for Your Business?
An ERP solution is literally the backbone of a company based on which many business processes run simultaneously. However, the time may have arrived to make a switch over to a cloud based ERP solution from the traditional on premise ERP solution as it offers many advantages over the former. Here are the top reasons why to switch your ERP system for your business.
1.Reduce IT Costs and Maintenance
While an on premise ERP solution would require costly hardware and time consuming installations, a cloud based ERP solution comes with little hardware costs as the servers are all third party and the company need not invest in costly hardware. They just need to have a monitor and an internet connection to log in to the cloud to access information from there.
2. Superior yet Cheaper
In essence, a cloud based ERP solution is always better than a legacy ERP solution as it offers superior features than the latter and is also more cost effective. For example, in case of a legacy ERP solution one might be required to buy different software and then integrate it with the mother platform separately, while in case of a cloud based ERP one doesn't have to buy additional software as it is already there in the bundle package. Hence, when it comes to superior yet cheaper products, cloud based ERP solutions possess a natural advantage over their peers of legacy ERP.
3.Easy Access to Business Information
In case of a legacy or on premise ERP solution, access to valuable business information is not very easy as it remains within the network of computers of the building. However, in case of a cloud based ERP solution such as Netsuite ERP, business information could be accessed from anywhere as it is always available on the cloud and can be accessed on any electronic gadget such as a laptop, palmtop or mobile by logging into the cloud with a valid user id and password. Moreover, it gives meaningful insight of the business data in real-time providing indispensable business intelligence to the user.
4.Automate and Streamline Manual Business Processes
One of the major advantages of using a cloud based ERP solution is that it takes manual processes off the picture thereby reducing the chances of errors to a great extent. Right from doing complex calculations to keeping a track of the orders so placed, everything is maintained in real time online. This helps to keep the workplace clutter free and ensures smoother processing of orders through all the stages of the business cycle.
Last but not the least, the ability of an ERP solution to keep itself abreast with the scalability of a business is a big deal. If one is running a legacy ERP solution, then chances are he/she would be required to upgrade to a totally new platform if the business has grown out from its initial cocoon to a much bigger organization. This would involve installing new software importing the old data into it which might sometimes result in loss of valuable data. However, scaling up in cloud based solutions such as NetSuite is a child's play and can be done without any hassles or loss of data.
Hence, choosing a cloud based solution is always better and offers multiple benefits over the legacy ERP solutions.