Has your business had to adapt to the latest hybrid workplace model? The best cloud based ERP software is the perfect solution to manage your business off-site and continue to innovate, scale, and grow in the current business environment. Learn more about how cloud based ERP software gives companies a competitive advantage in the modern business landscape.
What Is Cloud Based ERP Software?
Cloud based ERP software presents the fusion of cloud-based technology and ERP to bring your business the best aspects of enterprise resource planning software that can be managed offsite. The latest developments in cloud-based technology, cloud based ERP software allows companies to access their data related to strategic planning of business resources and make quick decisions from wherever their staff is.
How Does Cloud Based ERP Software Work?
Unlike the on-premises version of ERP software, cloud based ERP software serves as a SaaS (software as a service) platform that enables you to access all business planning data without the hassle of maintaining the IT servers required without the help of an IT staff. The cloud-based ERP software vendor is solely responsible for their SaaS product's maintenance, updates, and security features.
Why Choose Cloud Based ERP Software?
There are many benefits to choosing cloud based ERP software for your business:
One of the most significant factors driving businesses towards cloud based ERP software is the cost savings of deploying a SaaS version of ERP software. Companies can focus more energy on making strategic business decisions with convenient access to data by removing the need to employ staff to maintain their servers consistently. Most cloud based ERP software comes with a per-user subscription model, which makes it an excellent option for small businesses looking to get organized.
Since the cloud based ERP software vendor takes care of all updates and maintenance along with your subscription, cloud based ERP software can save businesses thousands of dollars to use an ERP system.
One of the most significant advantages of using cloud based ERP software is its improved accessibility. When maintaining your database on a cloud with cloud based ERP software, your business can operate from any location. All that is required to use cloud based ERP software is a reliable internet connection. Employees can also access cloud based ERP software capabilities on their mobile devices to improve accessibility to company data. Your staff can be more agile with better collaboration tools thanks to cloud based ERP software.
Better Safety Standards
When you subscribe to cloud based ERP software, you can be assured that you will receive the most recent security updates using automatic updates from the cloud based ERP software vendor. Vendors are responsible for maintaining their software and ensuring the highest safety standards for your data when using cloud based ERP software. Interface cards, user passwords and role-based access, multifactor authentication, and 24x7 system monitoring are standard features offered by many popular cloud based ERP software vendors.
Better Data Recovery
Another key benefit of using cloud based ERP software is maintaining a data backup off-site in case of system vulnerabilities or physical harm to the servers. Since the cloud based ERP software vendor supports their servers away from your establishment, you can be assured that your data will be safe in their hands.
As your business grows with better collaboration and strategic planning tools with cloud based ERP software, your cloud based ERP software can also develop alongside your company. Cloud based ERP software vendors offer various plans to fit businesses of any size, and you can add or remove users as needed.
What Is Cloud Based ERP Software Examples?
Sage Intacct is a leading cloud based ERP software vendor specializing in accounting functions. Sage Intacct services over 5000 organizations globally with their trusted cloud based ERP software services. Sage Intacct is the preferred cloud based ERP software provider for the American Institute of CPAs and can fit businesses of any size requiring financial planning. Companies that have outgrown their essential accounting software opt for services like Sage Intacct cloud based ERP software.
SAP cloud based ERP software systems combines all operational aspects of your business into one solution. SAP is a leading cloud based ERP software provider in the small to the medium-sized business frontier with their budget-friendly ERP products to fit businesses of any size. With its fully-fledged suite of financial, human resources, and operations modules (that include supply chain management and production planning), SAP cloud based ERP software solutions is a great scalable business solution for businesses of any type.
Oracle cloud based ERP software continues to dominate the ERP frontier with high-profile acquisitions to boost its product portfolio. The combination of CRM, ERP, supply chain management, transport management, and financial management modules, Oracle is a complete suite of cloud based ERP software with multiple products for businesses of all sizes. Oracle cloud based ERP software can unite divisions of your business in different locations to give you a comprehensive look at your company on demand.
What is the best cloud based ERP software?
NetSuite is the undeniable leader in cloud based ERP software that services over 40,000 organizations with solutions to streamline all aspects of business and resource planning. Built-in intelligence features of NetSuite cloud based ERP software help businesses use better innovation in business to better plan financial management, business processes, logistics planning, CRM, and supply chain management to reduce the overall cost of maintaining separate systems within your business.
NetSuite delivers up-to-date security updates to ensure proper compliance while helping your business achieve flexible and efficient business planning.
Finding the right Enterprise Resource Planning solution for your business should not be taken lightly and should involve input from all the respective users of the end product. If cloud based ERP software is the right move for your business, compare the best cloud based ERP software vendors to make sure that your select the best option for your specific needs.