At one point in time, people thought that housing sensitive data in the cloud went against best practices when it came to security. Then they started to see how ERP cloud vendors could actually provide a more secure environment in most cases. They hire the right people to manage the tools and appliances that keep data safe. They are responsible for testing for vulnerabilities and patching systems with exposed weaknesses.
While you still have to take a hand in making sure that your data is safe, reputable cloud ERP vendors act as your partner when it comes to security measures.
Decreased Operating Cost
The main draw to cloud-based ERP solutions is that you don’t have any additional capital outlay for networking hardware. Since you are buying subscription from your SaaS provider, you don’t have to buy new servers to house the application or databases, nor do you have to hire people to install, troubleshoot and manage hardware and software associated with your ERP solution. That is all covered in your licensing costs.
Increase ERP Performance
ERP is a tool to standardize and integrate business processes to accelerate access to common resources across the organization so that ERP systems help organizations facilitate information sharing and improve operational efficiency . The successful deployment and use of ERP systems is critical to organizational performance and survival . ERP is increasingly important in modern business because of its ability to integrate the flow of material, finance, and information to support organizational strategies.
Enhanced Access To Information
The very nature of SaaS offerings is that you can access the application from anywhere. This means that if you can provide access to your staff if you have a remote office, a remote workforce or just someone who has to use the ERP system while at home or while away at a conference.
Procurement is the act of finding, acquiring, buying goods, services or works from an external source, often via a tendering or competitive bidding process. The process is used to ensure the buyer receives goods, services or works the best possible price, when aspects such as quality, quantity, time, and location are compared..Procurement software (often labeled as e-procurement software) manages the purchasing processes electronically and/or via cloud computing.