Benefits of migrating to cloud based ERP solution
The debate continues: What is the best choice for ERP On Premise or Cloud Why are so many businesses migrating to cloud based ERP solutions over the latter? Is cloud based ERP solution really worth its hype? And if so, what are all the advantages of cloud ERP?
A purposeful and robust Enterprise Resource Planning (ERP) application can help your business in so many aspects – from acting as a single storage repository to connecting your backends and managing your finance, inventory, supply chain, warehouse, manufacturing to streamlining the whole business process. There are lots.
While the world is being adjusted to work remotely from their homes or elsewhere, the onus is more now than ever for a distributed workforce where employees can work from wherever they want.
And what is one thing that connects them all is the CLOUD.
Benefits of On Premise to Cloud Migration
From being adaptable with built-in optimizations to manage your business and offering secure protection to your critical data, Cloud ERPs have come a long way. And looks like there is no looking back. They are here to stay. Well, let’s take a look at the key benefits of cloud ERP.
- Less Operating Costs
- Easy Access to Data
- Better Security
- Faster Implementation
- Quick Updates
- Improved Collaboration
- Reduce Dependency
- Faster Time to Value
- Increased Productivity
Since cloud ERP requires less deployment time and the non-requirement of an in-house team to take care of the proceedings, the impact can be seen on the cost level. And these are its levels in real-time:
- 50% decrease in Dev Team costs
- 25% less Requirement Analysis Efforts
- 15% reduced Backup Management Cost
- And an overall 40% cost reduction
Source: The above stats are reflected from research done a few years back by Al Johani A, Youssef A about the framework in ERP systems.
- Less Operating Costs – Unlike an on-premise which requires a team for installation, a physical space in your office, and other requirements – Cloud ERP does not require any of these, which means, the operation costs for ERP is reduced to a large extent due to its easy maintenance and flexibility.
- Easy Access to Data – Once the data is stored in the cloud, it can be accessed by anyone, anytime with the only condition being the user should have the necessary credentials. And the time spent for searching data can also be eliminated because the files are easy to search and locate.
- Better Security – Hate or like it, but the concerns for data security are always alarming and this can be a prime reason why tech giants like Microsoft are focusing completely on improving the security of their platforms like Business Central, Dynamics GP, and so on. But in the case of on-premise, the onus falls back on YOU for keeping the data safe inside the office space.
- Faster Implementation – Choose the ERP you want to move into. Check out its features and how they’ll help your business. Finalize the Business Central pricing package. And you are good to go – after setting up a few specs and credentials. Business Central Implementation can be done swiftly with better technology for cloud ERP.
- Quick Updates – Needless to say, every software that we use gets into a timely update to better its performance, fix security issues, and provide more value to your business. For the cloud, the updates can be done w/o disturbing your day-to-day activities. And there will always be a team to support, in case of any hiccups during the process.
- Improved Collaboration – With just a click on a few buttons and access links, you can collaborate and brainstorm with anyone who is part of your organization, irrespective of where they stay. And efficient collaboration can always lead to effective results.
- Reduce Dependency – With the assistance of a cloud based ERP solutions to advance your business operations, the need for employees to always sit > enter details > repeat… This whole process can be eliminated if you have an ERP solution that processes tasks automatically and stores data at the necessary touch points.
- Faster Time to Value – It is a red-flag situation when customers or prospects ask for some details and it either takes a lot of time to respond if there is improper communication. This can be avoided when integrated with a cloud ERP as all the details are updated.
- Increased Productivity – Wondering how having a system around can impact the performance of your employees? Simple: When a system can take charge to do repetitive and redundant tasks that are usually done by employees, there is a lot of scope for employees to spend more time achieving your business revenue goals.
What is the best Cloud ERP Solution?
Well, it would not be fair on our part to label this as just another Cloud ERP solution. Because Dynamics 365 Business Central is more than that and does so much to elevate a business’ performance. With its cloud version, you can achieve significant results with its end-to-end business management capabilities loaded within this powerful tech solution by Microsoft.
Streamline finance management, provide awesome customer service, better supply, and warehouse management, accelerate the sales process, predict using the Business Intelligence feature, and do much more – All when you choose a single system to leverage your company.
- Read more about Dynamics 365 Business Central
- Explore the features of Dynamics 365 Business Central
- Know about Dynamics 365 Business Central Essentials
- Check how much Dynamics 365 Business Central costs
And if you want to go a step further to understand more on how “exactly” Business Central will cater to and lift up your organization’s chances of business success, schedule a demo and we’ll take you through.
Now is the time to take a step towards technological advancement!
