Productivity is key to any business process and it is the quintessential element that businesses of all sizes and niches strives for. But productivity does not fall from the sky, you need solid planning for it. You particularly need to plan about deploying and delegating your resources to ensure desired output. Enterprise Resource Planning or ERP is long regarded as the planned approach to boost productivity with proper utilisation of resources. The old time ERP has now come in the more powerful avatar of Cloud ERP making resource management smarter and efficient more than ever.
Let us try to understand the role of ERP from the very basic level before explaining the ways cloud ERP can boost efficiency and productivity.
- What ERP Stands For?
ERP is the abbreviation for Enterprise Resource Planning and it is a modern resource management and utilisation approach to boost efficiency of businesses and enhance output in terms of sales and profitability. ERP systems are resource management software allowing employees access to business data for sharing and collaborating with them. When crucial business data are shared among the employees, they can identify underlying opportunities and can work proactively to reduce cost overheads. By managing resources effectively ERP systems allow consistency, higher level of innovation and smooth collaboration.
- What Is Cloud ERP?
When an ERP system is hosted on a cloud platform to allow data access irrespective of the location and device, we call it Cloud ERP. As it is clear that thanks to unperturbed access to enterprise data across devices and locations with the help of cloud platform, operational efficiency of the ERP system will have a boost. In an IT enterprise universe dispersed across devices and locations, this will help availing the productivity benefits of the traditional ERP by hosting the data over cloud.
Let us have a look at some of the key benefits businesses can get through the implementation of cloud ERP.
- Significantly Lower Upfront Cost
In complete contrast to the traditional localised ERP solution Cloud ERP hosting services are mostly offered with a flat-rated fee while the hosting service provider takes full responsibility for management, implementation, maintenance and updating. This lowers the upfront cost for the cloud ERP solutions significantly and allow even small companies avail the services.
- Quick Implementation Boosting The ROI
Unlike regular ERP systems cloud ERP solutions can be deployed faster and this allows businesses getting returns from their investments quicker. Both the implementation and profit generation become quicker with cloud ERP.
- Enhanced Performance
Cloud ERP solutions are hosted by hosting service providers with their own servers The hosting company taking full responsibility of maintaining and managing the cloud services, always keep the cloud based ERP solution safe and streamlined. This in the overall measure ensures enhanced performance requiring least maintenance.
- IT Expenditure Gets Significantly Lower
The hosting service providers responsible for the Cloud ERP system provides all the required resources including hardware, software and networking as well as administrative tools. This offers more budgetary room for the enterprise IT administrator.
- Easier Access To Business Data
By allowing non-location specific access to business data across devices and multiple locations and by allowing easy collaboration with business data, Cloud ERP makes it easy for the enterprises to utilise information for relevant needs when they need it.