Aaryan Rana (3)
I am an experienced digital marketing analyst with a passion for data-driven insights, optimizing campaigns, and driving business growth with 3years exp.
A traditional ERP solution takes a lot of time
to install, update and manage which is further increased by the lack of an
automated provisioning process. With on-premise ERP systems, businesses can expect
to spend millions of dollars on hardware upgrades. Unfortunately, these
investments will increase outlay noticeably at year-end with an upgrade. As
changes are made elsewhere in the system, old outdated technological
requirements begin to change. This may be difficult for firms that do not want
their IT systems spread across multiple platforms.
The solution is simple – move your business
ERP to the cloud. All cloud packages are built using the same common
architecture platform that ensures you will be able to seamlessly integrate new
software components into your existing enterprise-wide system without any
glitches or errors. A cloud-based ERP not only provides a better user interface
and 24/7 access to reports and data but also makes it easy for companies to
connect every other department to the system thus maximizing efficiency and
saving costs. This way you will never have to worry about your data being lost
or corrupted, nor will you ever have to worry about investing in unnecessary
upgrades. The benefits of migrating your ERP system to the cloud are endless.
Not only would it help you achieve total control of your business operations
but also help in realizing better profits and stronger revenues.
Agreed, cloud ERP systems do certainly come at
a higher price than their on-premise counterparts. But businesses need to
realize that the actual cost of purchase is rarely the set price they pay. They
must take into account the higher costs of purchase and maintenance over the
lifetime of the software. Chances are when it comes to such ERP systems, you
would need to enter into agreements with multiple vendors in order to ensure
compatibility among your internal and external applications. This can increase
your operational costs considerably.
For businesses, the question is whether the benefits of cloud ERP outweigh the costs. There are, however, several compelling reasons to move your ERP to the cloud.
4. Continuance - Businesses
that have a presence in multiple locations can leverage cloud-based ERP
solutions. They can ensure the availability of systems in multiple locations,
ensuring that no customer gets affected because of any downtime.
Take a look at the comparison chart below to see how on-premise and cloud
solutions compare on some important aspects. This will help you figure out
which one is best suited for your company's needs.
Factors | On-premise ERP | Cloud
ERP |
Cost | Upfront
cost is higher | Low upfront cost and predictable over time |
Implementation
Time | Implementation
is quite longer especially if there are many customizations | 14 days to go live |
Software
upgrade | Requires
full time IT administrator | Routine
software updates are managed by vendor |
Mobility | On-premise
systems have restricted remote access and often you are unable to manage business
operations when away from your office premises | Data
stored in these systems can be accessed anytime and from anywhere through any
device with an internet connection |
Contact
us today to learn more about your options for migrating your current ERP system
to the cloud. https://www.tyasuite.com/contact
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