ERP stands for enterprise resource planning, which is a type of software used by companies to manage information across the organization. Cloud ERP refers to ERP software and tools that are offered and managed in the cloud, as opposed to the business hosting their system on premises. While every organization operating today is different, they all face a common challenge—in order to effectively compete in today’s business environment, they need access to technology that helps them innovate, scale, and grow quickly. They need advanced, globally-connected, and continuously updated software tools and systems that allow them to focus more of their time and energy on implementing growth initiatives and less on day-to-day IT management. That’s where cloud ERP comes into play.
As technology continues to advance and evolve, more businesses of all sizes are considering cloud ERP than ever before. This popularity is largely a result of factors such as cost, reliability, speed, and access.
This resource will provide you with an in-depth overview on the topic of cloud-based enterprise resource planning software. It includes information on the following:
Basic cloud ERP concepts and glossary of terms
The main differences between cloud and on-premises ERP
Benefits of cloud ERP
Common benefits and challenges by business size
CRM and ERP systems integration
Implementation strategies
To stay on the cutting edge of innovation, you need to understand what cloud ERP is and how it could help your business. This resource will put you on the right track toward evaluating, implementing, and managing the right cloud-based ERP system for your company and team.
Today, more businesses are choosing to deploy ERP in the cloud than ever before. Why? Here are 10 main cloud ERP benefits that can help answer the question:
Rapid updates and upgrades: Cloud ERP from Epicor offers instant and ongoing updates and upgrades to your ERP software and tools, so you never have to worry whether you’re using the most up-to-date technology to suit your business needs. You also don’t have to spend time updating—or hiring someone to update—your systems like you would if you used an on-premises ERP system.
Lower up-front and operating costs: One of the biggest benefits offered by cloud ERP is that it’s much less expensive than traditional onsite ERP systems. When you deploy on premises, you might pay for the software once by way of a license, but you have other costly expenses such as server purchase and ongoing maintenance, database creation and management, initial implementation, IT staffing, energy costs, and security and backup. With cloud ERP, you pay less up front and your overall ongoing operating costs are much lower because the vendor takes care of updates, maintenance, and security for you.
Rapid implementation: Cloud ERP can also get up and running in much less time than on-premises ERP systems. With on-premises ERP, you have to worry about things like selecting and purchasing hardware, training IT staff, potentially hiring more people, implementing new data security protocols, and ensuring that everyone on your team has reliable access to the tools they need to help you grow your business. With cloud ERP, deployment and implementation are fast and painless. Deploying your software in the cloud is also reliable and offers easy data access in real time from anywhere—which can help make your entire team more collaborative and successful in their roles.
Scalability: Cloud ERP is built to help you scale operations at your company. Cloud ERP allows your team and partners to access information on a global level. With cloud ERP from Epicor, you also benefit from world-class security and system monitoring that allow you to grow quickly without having to wonder whether or not your information is safe.
Focus on core competencies: Because cloud ERP vendors take on most of the burden associated with managing a complex ERP system, you can spend time on what matters most—growing a sustainable, profitable operation. In other words, you get to focus on what you’re best at. When you don’t have to spend time worrying about software upgrades, downtime, and security issues, you get to spend time on areas that directly impact future business growth.
Improved accessibility, mobility, and usability: Cloud ERP is better in these areas than other types of ERP deployments. Because your ERP system is managed in the cloud and global-ready, your team can access the tools they need from anywhere using their mobile phones and an Internet connection. Information is accessible in real time, so key business decisions can be made without having to wait until everyone is in the same room or accessing your ERP system from the same place. In other words, it helps you build a more agile team. This focus on instant accessibility and improved collaboration helps boost productivity both inside and outside your enterprise.
Improved system availability and disaster recovery: Data security is a very real concern for any team today that leverages the Internet to run their business. When you invest in cloud ERP, you put the responsibility on the shoulders of your vendor—and they ensure that your system is protected from potential attacks or vulnerabilities. Epicor invests in world-class infrastructure and security to keep your system protected and allow you to focus on other areas of your business that require your attention.
Cost transparency: When you deploy cloud ERP systems, cost is predictable and transparent. Either you pay a monthly subscription on the SaaS model, or you adhere to a pay-per-use model. In addition, there are no unexpected expenses relating to software updates and technology upgrades with cloud ERP, as they fall under the responsibility of your vendor.
Sales automation: Sales automation is also optimized thanks to the global-readiness, real-time, and mobile access that comes with cloud ERP deployments. With cloud ERP, your partners, customers, and vendors can connect to your system seamlessly from anywhere in the world. Epicor cloud ERP is highly reliable, and customers who deploy ERP through the cloud experience a 99.5% or greater uptime.
Security standards and compliance: As mentioned, cloud-based ERP vendors like Epicor have world-class security support and protection for customers. Epicor has a comprehensive, end-to-end security model. We build security into every layer of the ERP environment—and physical network interface cards, user passwords, and 24×7 system monitoring. A holistic approach to security lets us anticipate and minimize disruptions, giving you more uptime and better peace of mind.
Now that you’re more familiar with some of the main benefits that cloud ERP can offer to businesses, it’s helpful to understand how the benefits and challenges would apply to you given your industry and size of business.
In average, every project will take approximately 3 to 9 months for the entire implementation cycle by adopting our signature methodology.In average, every project will take approximately 3 to 9 months for the entire implementation cycle by adopting our signature methodology.
We pride ourselves in providing the best support possible for all our customers with an established support team.
If you need a system overview or demo, you may email us at stella@stellardynamic.com.my. Alternatively, you can call us at 016-788 8769 from 9 a.m. to 6 p.m. on Monday to Friday.
It depends on the industry and company size. Pls call us at 016-788 8769 to get a free quote or discovery session.