With over 70% of companies undergoing complete digitization, it might be your company’s chance to reap the benefits of using sales ERP software for your operations.
But why? How would it even help me? Relax, we understand that you might be having such questions in your mind. And to help you out, in this article, we will be discussing the benefits and features of cloud ERP software.
What is the Need for Business Modernization?
Many industry leaders believe it is the perfect time to automate operations with the help of smart ERP systems. These cloud-based systems will help in improving business efficiency while adding significant value to the system.
The sales software will also help in reducing costs that go into the hardware setup and maintenance process. In addition, deployment of newer updates is also easier on the cloud variants as they are updated automatically every quarter.
The following table shows regular problems due to the absence of smart ERP for sales and how these systems can solve them.
|
Problems with On-premise ERP |
The Solution that Cloud ERP Provides |
|---|---|
|
Dissatisfaction among employees due to complicated processes for simple tasks. |
Cloud-based ERP simplifies tasks by using smart tools that automate the tasks with the help of technologies like AI and ML. This helps in understanding the business and taking actions accordingly. |
|
Lack of collaboration of different departments causes a communication gap |
Cloud ERP uses one centralized platform for storing data, and it is where all the activities take place. This ensures equal contribution from every department and removes the communication gap. |
|
ERP up-gradation becomes hard as every update launches |
Cloud platforms support regular updates, which are done automatically as soon as they are released. |
|
Increased costs with the aging of the infrastructure |
The up-gradation process is automatic, so there is no hassle to improve the existing software. The updates are carried out automatically, and minimal IT support is required. |
|
Scalability problems as the business grow |
Changing the business parameter as the size of the business grows becomes difficult with on-premise setups. Cloud platforms provide a lot of flexibility to the system that helps change different metrics to meet the business needs. |
Benefits of Cloud ERP Software:
Having cloud ERP in sales management is very beneficial for your company. You will not have to be involved in things that can be easily automated, and you can focus on expanding the business. Intelligent, automated systems help reduce overhead costs of paying people for tasks that can be easily automated.
Some of its key benefits are:
- Boundless scalability - Cloud integration can free you from many problems that hinder your company’s growth. The hassle of buying expensive hardware to support the infrastructure of the growing business can be ignored when the cloud platform is used. Cloud allows companies to rely on third-party hardware with added security that protects data while providing the latest features. Cloud ERP software requires a monthly or yearly subscription fee that can ensure the continuation of the business services.
There is also a very minimal requirement of IT support as all the problems and issues can be taken care of by the ERP service provider. Moreover, our country is now undergoing a start-up phase where many small businesses are growing, and cloud platform helps them use all-powerful tools without paying a hefty price.
- Multilayered security - Modernization comes with many vulnerabilities, and such is the case for data protection. While taking all the business processes to the cloud, a company must ensure that the data is stored securely and that any third party should not have access to their data. So multilayered cloud security is critical, and its importance grows when the stored data starts getting valuable.
A multilayered security model allows the company to provide access to the employees based on the tasks that they will be doing. Only management-level employees of the founding members will have full access as admins. Some smart ERPs also allow the admin to track the activities of each employee who enters the database and this monitoring process helps reduce chances of data theft.
- Adaptive Innovation - Technology changes and business innovation happen regularly; you need something flexible and adaptive to keep up with these. Cloud-based ERPs are just the perfect thing; new tools can be easily integrated with these platforms. Cutting-edge technologies like artificial intelligence and machine learning can be used to make business processes more efficient. Chatbots and other predictive features can be introduced into the system to help protect a company’s performance in upcoming times.
Conclusion:
As can be seen, cloud-based solutions are the future of business, and the flexibility they provide is essential for any business. In addition, many perks make established and newer businesses willing to take up cloud ERP software.