CLOUD ERP BENEFITS FOR BUSINESS
Increased Security
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 Management
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.
