Once upon a time, only large multi-national companies needed ERP software. This is no longer the case, as many small and mid-size businesses can now benefit from this technology. Having an effective
A recent Microsoft survey indicated that businesses with 50 or fewer employees are rapidly adopting
1. Faster Deployment
Young companies today are pressed to become profitable as soon as possible. In the Days of Yore, start-ups could rely on venture capital and loans, but today, lenders need a clear understanding of their ROI from the beginning. A cloud-hosted ERP solution can be deployed quickly, allowing businesses to start reaping the benefits of the solution sooner. By streamlining and connecting internal processes, such as finance, sales, marketing, invoicing and others, organizations can work more efficiently and gain a competitive edge from the beginning.
2. Limited Budgets
The cost to implement and maintain an on-premise ERP solution is often not feasible for small businesses. Limited budgets must be carefully spent, and “doing more with less” is usually a common theme. Over a period of 5 years, the
3. Security and Data Management
For a small company, the cost of maintaining hardware and backing up data can be daunting. With the cloud-hosted option, you can focus on getting the most out of your new ERP system and growing your business, instead of worrying about these tasks. Cloud hosting providers like OmniVue conduct regular server maintenance to make sure your data is secure. You still maintain complete control over access to confidential information, thanks to the Role Tailored Client available in
4. Disaster Recovery
Business continuity is essential for all organizations, but it’s extremely important for young companies who can’t afford any downtime. With an ERP system in the cloud, it’s easier to get back up and running after unforeseen interruptions, since
5. Growth and Scale
ERP solutions like Microsoft Dynamics GP and NAV are well-suited for many different types of organizations, small and large. They can accommodate fledgling entrepreneurial shops as well as large, established manufacturing plants. As small businesses become larger or fluctuate in size, cloud-based applications can easily scale to accommodate growth - users can quickly be added or removed as needed.
While traditional on-premise ERP solutions are still a good option for many businesses, the shift to the cloud has many advantages especially for small to medium-sized organizations. The business case for this is evidenced by the fact that many smaller companies are adding cloud-based solutions to their application portfolio. Even for organizations without the resources or the capital, cloud-based applications can provide fundamental business services to young companies at a fraction of the cost.