Cloud ERP gives you the opportunity to select the deployment option that fits your particular need so that your business will be taken to another level. You can also explore models like software-as-a-service (SaaS) in the cloud in contrast to the conventional on-premises software application.
Cloud ERP lowers your business’ total costs as well as flat-fee prices and there is a high level of security, privacy, easy accessibility and integration. You can also move your data at anytime while new features and functions are added continually. It is a flexible and cost-effective option for medium-sized businesses because of its pricing model that comes with various alternatives like paying a flat fee for unlimited users which can boost return on investment (ROI).
Furthermore, Cloud ERP provides application scalability and reduces cost on hardware. The hassle of managing hardware, software and upgrades is reduced while upfront expenses are also reduced. You can create an internal cloud in order to reduce constant hardware costs even as you maintain a greater control over integration as well as have local access to your data server.
You will also save money and time on installation and maintenance. Cloud ERP delivers access from any device on any platform devoid of costly and intricate VPN and remote access software. It can be managed from a central data store so that you can have access to real-time data and dashboards from anywhere. You will also have the opportunity to make use of it in multiple locations if you have branches.
In addition, due to its multi-tenancy in nature, cloud ERP is not costly. The cost of upgrade and product update is also reduced and the swapping between flexibility and cost gives good reason for a multi-tenant infrastructure and a multi-tenant platform. However, the multi-tenancy takes place at the infrastructure, platform and application levels.
Big companies can own a server containing many servers as a cloud datacenter. This is referred to as internal cloud but if a company has only one server, there will be limitations in the ability to add capacity. Hosting is another method of outsourcing IT operations and it can be only effective if the software does not have any client components.
Cloud ERP makes the integration of various areas of your business easier. Using the cloud in contrast to traditional ERP applications will give you an edge over your competitors because of the amount of money and time you will save.
