Before diving into the benefits of why you should opt for cloud-based ERP, it is important to first understand its role in your company.
What is Cloud ERP?
ERP (Enterprise Resource Planning) is a software system that helps businesses manage and automate their day-to-day operations, such as inventory management, accounting, production, sales orders, and human resources.
Unlike traditional ERP systems that require on-premise hardware and software, cloud-based ERP is hosted in the cloud, meaning that businesses can access the software and its data from anywhere with an internet connection.
Cloud-based services are becoming increasingly popular as businesses realise the benefits of being able to access their software securely from anywhere, on any device, at any time.
In the past, people were worried about storing sensitive information on a remote server, but advancements in technology and cyber-security have made Cloud services more trustworthy and secure.
The Cloud-based software allows for more flexibility and scalability, as businesses can easily add or remove users and modules as required, without needing to invest in expensive hardware or software upgrades. Additionally, a cloud ERP system is typically more cost-effective and requires less IT maintenance and support than on-premise ERP systems.