An enterprise resource planning (ERP) system involves integrating primary business processes in real time. It is mediated by software and technology. The modules in an ERP system include product lifecycle management, supply chain management, warehouse management, customer relationship management, and sales order processing.
The latest ERP software currently available on the market provides a much more integrated and strategic business management solution. It comes with tools that have not been offered until this point. Top ERP software providers are in the middle of moving to the cloud as ERPs continue to transform rapidly.
So what does that mean? Let’s talk about how the world is changing from ERP to cloud ERP.
Developments In The Cloud ERP System
There are four major developments you will find with a cloud ERP system compared to a traditional ERP. So if you are currently using an ERP or are thinking about getting it, you should review those developments and see how cloud ERP systems are advancing.
Does More, Costs Less
When it comes to your total IT budget for business, your ERP probably takes a good portion of it. It is the backbone of your business systems, after all. However, some businesses find that they need to cut their budget slightly to keep up with the global competition. Moving your ERP to the cloud means you can have a more modernized ERP strategy, more features, and far fewer costs.
The Changing Role Of ERP Planning
Because business is constantly changing and evolving, it can be difficult to keep up with at times. To be more successful, we need to have access to real-time information. That will help us make better decisions regarding certain business matters such as accounting, transaction processing, and reporting.
To keep up with those rapid changes, cloud-based ERP software improves data and analytics. It also offers enhancements for SaaS subscribers to give them somewhat of a competitive advantage.
Easy To Use
Cloud ERP applications are easy to use and provide businesses with immediate access to what they need. This means they do not have to wait and can download the information they need right away.
Improved Return On Investment
With cloud ERP, you will find a more immediate ROI as well. Cloud ERP solutions were developed to address the core of your business. They allow for unique options for businesses in different industries. They help you avoid costly customizations in the future that may mean constant upgrades to ensure that everything is working as it should.
With the changing ERP landscape, we need to stay ahead and find the best solutions for our business that will lead to success. Changing from ERP to cloud ERP is just one way to cut costs, gain quick access to critical information, and expand your enterprise.
For more information on how SAP Cloud One can help your business and find cloud computing services that work, contact us today.