As more and more organizations learn to trust the Cloud with their business-critical data, they are seeing more potential in deploying a Cloud ERP solution. There are a number of
Enabling Collaboration and Visibility
More and more organizations are trying to do business across an increasing number of locations and work across multiple time zones, making collaboration across these entities and visibility into the data at each location critical to the success of the business. Aberdeen found organizations with Cloud ERP solutions were ahead of those with on-premises solutions in the following areas:
- Real-time collaboration across departments and divisions
- Integrated manufacturing operations and coordination with product design
- Real-time visibility into all processes from quote to cash
- Ability to notify decision makers when certain conditions occur or scheduled events fail to occur
Clearly, businesses utilizing cloud software have managed to increase visibility for themselves, and improve communication between employees, thereby strengthening their bottom line.
Faster Decision Making
Using cloud ERP can lead to faster and more efficiently made decisions. Overall, businesses using SaaS ERP saw twice the decrease in decision-making time compared to those without it over a period of two years. Because SaaS ERP allowed employees to better collaborate on projects, they had quicker access to real-time data. This technology also allowed them to contact each other in the event that an activity fell through almost automatically. Should problems arise, employees can take the necessary actions to improve the situation almost immediately.
Decreasing Cycle Time
24% of mid-market businesses with cloud ERP were able to decrease the cycle time of key business processes in two years, compared to the 16% of companies with on-premise ERP. Faster business processes means your revenue is coming in faster and you are building your profitability more rapidly.
Organizations leveraging cloud systems also saw improvements in the number of complete and on-time orders they were able to deliver, as a direct result of better business data management in their ERP solutions. Better shipments and delivery not only help your immediate profitability, but also improve customer satisfaction and the likelihood of retaining repeat customers, which is a huge factor in supporting organizational profitability.
By Socius, a Cloud ERP partner in Ohio (www.socius1.com)