5 Benefits of Using Cloud ERP for Small Companies

Jonathan Pollard
Jul 20, 2017 · 3 min read

For a business operating at a smaller level, the proper management of the resources plays a major role in determining the finances of the company. The ERP system is the need of the hour for proper management. Described below in the article are the 6 features that one should look for in an ERP for small business.

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1. Security

The information about the resource available to the organization is absolutely crucial and at no cost should this information be leaked to any of the competitors or even to the other employees.

By using the cloud ERP for the small companies, one ensures security. The cloud ERP system is way more secure than other onsite ERP systems because it has defined layers of security. The stringent security system includes the intrusion alert system in case one tries to reach beyond their defined layers of access. Also, one can monitor the changes that are being made to the data on the dashboard.

2. Cost effective

When compared to the implementation and maintenance of an in-house IT system, cloud-based programs like ERP and the data storage costs way less in initial capital. On the top of that the cloud ERP’s monthly service fee is more cost-effective in the long run. It eliminates the annual maintenance fees and only charges on a per user or a per month basis, thus one can safely say that cloud ERP is more economical. This is because it does not require expensive licenses and constant hardware and software upgrades.

3. Agility

The ERP software has high agility. It has an intuitive user interface that is easy to understand and even easier to use. Since all the data is directly available on the dashboard, it is easier to locate whatever is needed to know about a project. This in-turn helps to create the needed bills and invoices as the data about a project is streamlined at one single area.

4. Better means of communication

What keeps a business running is the coordination between the organization and its clients and customers. The means of communication should be a medium, which is transparent and is immune to any kind of glitch that can be a cause of ‘bone of contention’.

So, the Cloud ERP system for the small businesses is a transparent platform where there can be a clear channel of communication. It is inclusive of CRM capability and this integration of the CRM in ERP enhances the customer-supplier relationship.

5. Productivity

A common concern of every business owner is the barriers that are encountered in the workflow due to the implementation of the technology. But, one should know that such an inconvenience is temporary.

Shifting to a cloud-based platform is indeed enhancing as it adds to increase the overall productivity. By allowing easy and real-time collaboration among employees, it successfully eliminates the need to contact other members of the team for, say, a document, as it is now accessible anywhere via any device. Less time spent on these tedious processes means more time allocated for innovation. This is something that every organization should consider pursuing in the growing digital economy.

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