Cloud services are certainly on the rise with Cloud SaaS (Software as a service) revenue expected to grow to $151.1 billion in 2022 alone.
More businesses than ever are opting to migrate their existing ERP (Enterprise Resource Planning) software to the cloud to capitalise on the many benefits it offers.
Migrating to the cloud is allowing companies large and small to become more agile and streamlined which is essential in being able to compete in today’s tough business landscape. So, what are the main benefits of moving your On-premise ERP to the cloud?
Benefits of moving your on-premise ERP software to the cloud
The cost of running and maintaining an on-premise solution is much higher than that of a cloud based one. In order to have an ERP system running on-premise, the business needs to have not only the physical equipment, but also the in-house expertise in order to manage the day to day up keep. This includes the necessary hardware to physically run the ERP software and make it available to users and also the overhead utility costs to keep the system running 24/7. The combination of these requirements make on-premise a high cost entry strategy to deploying an ERP software sysyem throughout a business.
With cloud-based ERP software, the need for in-house expertise and costly equipment are removed, making it easier for SME’s to implement these systems throughout their business. Cloud based ERP software allows businesses to scale the costs based on the functionality they need at the time. This means that businesses can pick and choose the functionality they require in order to manage their costs more effectively without losing the opportunity to scale up their functionality as the business grows in the future. This method also allows businesses to better predict their spending which is particularly important with smaller companies who may not have significant budgets to spend on IT and technology.
Remote Access (Working From Home)
Many businesses throughout the UK have a large portion of their workforce still working from home, so the demand for remote access to services is higher than ever. With Cloud based ERP software, staff can access the businesses services, applications and software from any location, at any time and from any device.
Traditional on-premise solutions require a level of complexity and adapted infrastructure in order to allow users to access their services when working remotely.
Cloud ERP software allows businesses to remotely update and patch devices, systems and software in order to keep them secure and reduce the risk of data loss. This process is made easy with the use of cloud as every device and piece of software can be updated accordingly and rolled out across the organisation in far less time than it would take to do on a traditional on-premise ERP system.
Cloud ERP software security has continuously advanced as technology developments are made and incorporated into ERP capabilities. With cloud ERP software, security updates can be installed and deployed throughout the business completely remotely and in far less time, which ensures that devices and systems throughout are kept secure and business critical data is protected at all times.
Cloud ERP software uses the latest encryption technology to enable businesses to maintain security compliance throughout their industry and keep their data safe. With many businesses handling personal data, the need to maintain data safety and security is vital, cloud-hosted ERP software helps to maintain security encryption updates across the system automatically.
The ability to add functionality to an ERP system once it has already been configured has traditionally been a challenging and time-consuming task which requires development, installation, and deployment, not to mention the costs associated. With cloud based ERP, resources and functionality can be scaled up or down depending on the business needs at the time and simply turned on or off when needed. This change can be deployed remotely to all users within the business, meaning the functionality would be available on demand.
Similarly, when needing additional users, businesses can scale their operations effortlessly by adding or removing users based on per user pricing options. Typically with on-premise solutions, businesses may need to buy additional licences which then need creating and configuring with the system. Cloud smooths this process out by remotely being able to add and remove users without the need for external expertise or complex processes.
Thinking about a move to the cloud?
At Syscom, we offer various cloud options for installing ERP software and migrating current on-premise solutions to the cloud. If you would like to learn more about how Syscom could help your business in migrating to the cloud, please get in touch with us by filling out the contact form below,calling us on 01384 400 600 or emailing us at email@example.com.