Controlling and keeping abreast of your finances means you have to be watching your numbers, but that does not necessarily mean you have to stay on-premises.
You can’t argue with the facts, whether you’re an advocate or a skeptic. Price Waterhouse Coopers (PWC) had estimated those investing in a cloud-based ERP system would double by the end of 2016 and they were correct. More and more people rely on mobile phones and similar devices, and organizations increasingly turn to the Internet and social media. It is clear we are soundly entrenched in a digital world. The cloud has become the only platform for the majority of businesses, not only for managing their customer relationships, but also for payroll and ecommerce solutions.
You are likely wondering if your financial operations can be safely and efficiently managed by a cloud-based system. You will be very surprised at how much cloud technology has advanced. Advocates of the cloud will have the all the data they need to argue their case, and skeptics will be surprised to find themselves less skeptical, if not completely sold on the potential that the cloud offers.
5 Questions to Help Guide Your Decision
When all is said and done, ERP offers a strategic advantage whether it’s deployed on-premises or in the cloud. However, after answering these questions, we think you’ll agree that the cloud is the right choice:
1. Is time a factor? Your old legacy system often costs more to maintain that a cloud-based system and you could be putting your data and your business at risk. You require quick access to dependable financial data to guarantee your business is going in the right direction. Typically, the cloud allows for faster implementation over an on-site set-up. This varies due to certain factors, such as special integrations or customizations.
2. What level of security do you need? In most instances, a
3. Where are your end-users? You service teams out in the field, traveling sales people and other remote workers are regularly out of the office far more than they are in it. These employees have the ability to enter, retrieve and share data from almost anywhere, any time and on most mobile devices with little more than a browser. With relevant data, your employees can react on the spot and satisfy your customer’s needs.
4. What volume and type of data are you managing? Servers and systems that are maintained on the premises can come with significant data limitations. A cloud system provides a little more wiggle room to scale your data, as needed. Cloud applications frequently process data faster within the cloud, especially when compared to aging and inadequate internal systems.
5. What are your backup and disaster recovery strategies? While your IT department likely has manual or automatic backup procedures, you should be asking what your hosting provider could offer. Since the cloud offers more flexibility and storage space, you will discover a more redundant, secure and economical solution by taking backup and disaster recovery plans into the cloud.
Choose the Right Cloud ERP Provider to Determine Your Strategy
The benefits of ERP in the cloud are impressive.