If you are looking for an ERP solution for your business, you have two main routes to consider – the conventional on-premise ERP or cloud-based ERP. Compared to cloud based ERP solutions for small businesses, on-premise ERP solutions demand a pretty expensive capital investment. Of course, the initial purchase of on-premise software is going to cost you a substantial amount. Also, you must look after the aspects such as renewing the license and managing the hardware. In other words, your IT team will have to spend a considerable time on managing and operating an on-premise ERP solution. For that and many other reasons, many businesses are now geared towards cloud-based ERP solutions instead of conventional on-premise ERP systems.
In fact, cloud based ERP solutions for small businesses can deliver plenty of advantages and thereby help a business to grow. Any small business that desires to have a cost-effective and highly flexible operation should consider cloud-based ERP as a prominent option. With the assistance of such systems, a small business can experience very impressive benefits that matter a lot in terms of growth and expansion. Cloud based ERP solutions for small businesses can cut down the costs incurred in your IT department. Moreover, it can save a considerable amount of time because it requires zero attention in terms of hardware installation and maintaining software.
Thanks to cloud computing technology, delivering ERP in the form of SaaS has become possible. Because of that, clients can use a highly comprehensive ERP system for the betterment of their business without worrying about installing costly hardware and time-consuming updates. The overall expenses associated with purchasing and maintaining a cloud-based ERP system is minimal compared to on-premise software. Also, the time requires to install a cloud-based system is very less. However, when it comes to functionality, they come with similar or better capacity compared to conventional on-premise options.
Basically, cloud-based ERP systems are managed through a central data storage. Because of that factor, users can access real-time data through the system and stay updated. Moreover, the information on such a system can be accessed even from a remote location using any computing device (including tabs and smartphones). Such an approach becomes incredibly handy when multiple individuals need to access the same information from different locations.
Another beneficial aspect associated with a cloud-based ERP is that it can be perfectly customized to match different complexity levels of different businesses. Also, businesses can rescale the system whenever there is a demand that arises to do so. Both of those practices are not so easy if you use a conventional on-premise ERP solution.
Benefits of cloud based ERP solutions for small businesses
Well, every business had different requirements. Therefore, you must explain your requirements precisely to the ERP service provider so they will build a tailormade solution for your business.