Is Your Company Ready for ERP on the Cloud?
Cloud-based ERP applications have reached the market and there a number of factors that determine whether an â€œERP on the cloudâ€ solution is feasible for a given organization.Â ERP on the cloud can be ideal for small to medium-sized businesses that may not have the information technology infrastructure and personnel for a traditional erp implementation.Â Most small to medium-sized enterprises (SME) will find ERP on the cloud to be a good match for their business.
How a Company Knows ERP on Cloud is a Viable Soulution?
One of the major indicators that alert a business to its need for ERP on the cloud is when its client list grows too large for an effective marketing strategy.Â When a company notices that sales opportunities are falling through the crack because marketing has not met its goal, ERP on the cloud can help.Â Another major sign that ERP SaaS can provide value appears when salespeople find themselves duplicating marketing efforts towards the same clients due to disorganization and a lack of structure.Â When the right information is not available at the right time, and when employees spend too much time searching for lost documents, it’s time to start searching for an effective ERP solution.
Another clear sign that a company is ready for ERP on the cloud is when its marketing efforts are generating plenty of sales leads, but they arenâ€™t translating into new revenue.Â ERP solutions almost always produce higher sales.Â The result is salespeople who are more productive, earn more in commissions, and are more loyal employees.Â For a company to be successful in todayâ€™s very competitive market, it must have the ability to make effective and accurate forecasts of future market trends and the ability to gauge public interest in its new products and services.
As a business grows and develops, the ability to use tools, such as spreadsheets and standard documents, becomes more and more obsolete.Â With an outdated system, communications between business factions are difficult and ineffective.Â One of the primary benefits of ERP on the cloud is improved communications between company departments that are fast and accurate so decisions are based on the most up-to-date information.Â Improved communications across the supply chain help ensure that suppliers can deliver raw materials needed to produce products in a timely manner.
Cost of ERP on the Cloud
The cost of ERP on the cloud is much lower when compared to an onsite ERP enterprise solution.Â There are no long-term contracts to be signed, which make this a very attractive option for companies projecting future growth but without current budget.Â Most ERP on the cloud solutions require a simple monthly fee and do not have contractual obligations.Â Therefore, a firm may vacate the contract at any time as its business needs change.Â Most SaaS ERP vendors charge a reasonable monthly fee, which makes this option one of the best solutions on the market for small to medium-sized businesses.
Any growing business with more than a few employees that wants to grow its market share should be a good prospect for an ERP Software as a Service.