No matter where you fall on this scale of consideration, here’s what you need to know to guide your ERP deployment decisions—both now and in the future.
about cloud ERP
About cloud ERP- A strong enterprise resource planning (ERP) solution can be the lynchpin to successful business growth. While several corporations are now making the transition towards cloud-based ERP solutions, others may not be ready to move off on-premises deployments.
No matter where you fall on this scale of consideration, here’s what you need to know to guide your ERP deployment decisions—both now and in the future.
Why is cloud ERP usage increasing?
In the past, businesses considering cloud ERP were attracted by the cost benefits. The ability to consume ERP on a monthly subscription basis offered businesses the ability to leverage operating expenditure (OPEX) as opposed to capital expenditure (CAPEX). It eliminated the responsibility for businesses to run and manage software applications, and invest in servers and infrastructure.
Cloud ERP has quickly levelled the playing field, enabling even smaller businesses to rapidly leapfrog older, more established companies—a compelling argument for its adoption. Companies want, and need, to see value from their technology investments and they don’t want to wait for implementations that take a year or more to see that value manifested. Nucleus Research, in a December 2017 report, stated that cloud deployments deliver 3.2 times the return on investment of on-premises deployments. This is notable and significant—especially to C-level executives who are increasingly part of the ERP selection process.
However, aside from bringing about improvements in responsiveness, agility, and costs, the cloud is helping businesses digitally transform and get fit for growth. As businesses shift away from traditional on-premises systems to cloud-based ERP they are taking advantage of new capabilities to improve their business and optimise processes. What’s more, cloud ERP is enabling teams to access real-time information from across the business, and then use that data to make better business decisions.
Are concerns still growing regarding cloud ERP usage from a customer viewpoint?
Understandably, security will likely always be a concern, no matter how far technology progresses, but companies need an insight-driven strategy to outpace ever-evolving threats. The reality is that all software is prone to viruses and vulnerabilities, whether it is stored on premises or in the cloud. Having your ERP in the cloud offers several security benefits that could outweigh on-premises options for your business.
One is that your ERP is automatically upgraded by your ERP vendor more often, so that you are constantly and consistently safeguarded with the latest security patches. Another is that world-class global cloud infrastructure now uses the latest in artificial intelligence and machine learning to detect and remediate vulnerabilities at scale, even before they are exploited. Physical datacentre security for world-leading cloud platform providers is so strict and technology-driven that it would be extremely costly for a single business to try to replicate that on their own premises.
We encourage businesses to be educated on cloud ERP and security, and not just to subscribe to the myths that if you’re running your ERP in the cloud, your data is more susceptible to threats. It’s absolutely not true. The cloud is likely more secure than what many can realistically provide in house.
The role of cloud ERP in effective ‘digital transformation’
One of the biggest benefits of running ERP in the cloud is that it can help prepare your business for future changes via its inherent scalability and flexibility, particularly from an integration perspective. This is particularly essential as companies look ahead and consider future needs. For example, might an acquisition or merger come into play? Will growth plans include a global or national expansion strategy? Will new machinery, robotics or Internet of Things (IoT) initiatives be initiated? In all these scenarios, cloud provides ease of integration, to help connect people, processes, data, and things.
While ERP has always been associated with efficiency, today and going forward it’s more about delivering intelligence, insights, and predictability to sustain competitive advantage well into the digital age.
The post Everything you ever wanted to know about cloud ERP, but were too afraid to ask appeared first on Statii News.
source http://news.statii.co.uk/everything-you-ever-wanted-to-know-about-cloud-erp-but-were-too-afraid-to-ask/
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