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Implementing an ERP system in your business can cause massive changes in your operations. You must carefully manage the implementation to reap the benefits of an ERP solution. According to a recent study, only 15% of ERP implementation comes in on budget. More and more businesses are considering implementing a cloud based ERP system. Cloud ERP is designed to reduce the time to implement and deployment at a fraction of the cost of traditional on premise ERPs. ERP Systems previously only affordable by well established and large companies are now available for small and mid-size businesses at less cost, thanks to the adoption of the cloud. The demand for cloud ERP solutions has shown significant growth in recent years. Small to mid-sized businesses can now manage their operations, accounting, and supply chain all in one system with minimal upfront investment and get the return on investment of an ERP implementation much quicker.

What is Cloud ERP exactly?

Cloud ERP is Enterprise Resource Planning application that is hosted over the internet by a service provider. Such model is often called Software-as-a-Service (SaaS) referring to the notion of leasing software instead of paying a large upfront implementation fee.

Five ways Cloud ERP benefits your business

1. Critical business information are accessible anywhere anytime. Multi-user access in a cloud ERP system is super easy. You can collaborate online with your team and associates in real time using a Cloud ERP system.

2. Deployment and implementation is much quicker as every computer and device equipped with a modern browser can access a cloud ERP system.

3. Cloud ERP vendor is responsible for maintaining and keep the system running. Hardware is taken care of for you. No need for internal IT resources to manage it. One less thing for you to worry about. This is critical if you are not large enough to run a dedicated IT department.

4. No more one large upfront investment on implementation that take months and years to complete. One of the biggest differences between a cloud and on-premises software system is the cost. With an on-premises system, you’re paying a larger upfront investment because you typically purchase the software licenses and pay for the implementation all at once. For SaaS or Cloud based applications, implementation costs is often much less and spend is predictable and incurred monthly. This makes it easier to manage the cost under your operational budget and help improve cash flow.

5. You only pay for the actual usage of Cloud ERP. Can add more users and reduce users as needed. You are not locked into a long term contract.

Artikel dikutip dari : http://www.versaccounts.com/cloud-erp-resources/cloud-accounting-cloud-erp/