Cloud ERP is gaining momentum over the years as many companies are looking for ways to reduce the costs of ERP systems, speed up deployment times and also make it easier to customize software as per their needs.
The cloud-based ERP is installed on third-party servers and software and delivered via a cloud computing model, unlike traditional ERP systems, installed on servers and hardware located on a company's premises.
Cloud-based enterprise resource planning (ERP) applications are favourable to any organization as it can be customizable. Let us take a look at the features that every cloud-based ERP application should have, and every organization should consider.
Customer Management:
It is essential for any small to medium business. It will help owners to keep track of customer profiles and interactions along with quotations and orders.
Ease of Use:
The primary consideration while looking at cloud-based ERP applications is the Ease of Use. Any company would adopt an ERP application that is easy to use and intuitive.
Scalability:
To be considered useful and cost-effective, cloud-based ERP applications should expand and contract with demand, which means it should be flexible enough to increase the number of licenses whenever required.
Cost Saving:
Cloud ERP requires no particular configuration, be it hardware or software, additional maintenance, and support, or cost as it works on the "Pay-as-you-go" subscription model.
Faster Time to Value:
Cloud ERP is super beneficial, which in turn makes the staff more productive, improves operational efficiency, and this results in more rapid ROI.
Complete Security:
Cloud ERP software provides reliable security to businesses of all sizes. Companies need not have to worry about data getting backed, as the system tracks all activity along with disaster recovery facility 24*7.
Pricing Management:
Cloud-based ERP systems include a pricing management feature to help companies track all pricing-related data. Keeping track of pricing becomes challenging as companies will offer more products or services based on the requirements.
Easy Customization:
As we know, most ERP applications require some level of customization. Few work with every system and perform every necessary task on demand. Cloud-based ERP applications generally require low levels of customization, even when integrating ERP with other applications.
Disaster Recovery:
Automatic software upgrades, regular data backup, and 99.9% uptime with Disaster Recovery plan assures that the Cloud ERP system is always current, up-to-date up and running.
Real-Time Analytics:
Access to Real-Time analytics is one of the most significant benefits of choosing Cloud ERP. It allows companies to keep a tab on important information that is relevant and always up-to-date. It also helps in process optimization while making business decisions.
It can be quite a challenge in finding the right Cloud-ERP solutions. Based on the company's complex set of features and capabilities, the Cloud-ERP application is designed to help it run the operation as efficiently as possible but TYASuite will helps you in thatcase.