As you run your business, you’ll need to find a simple and effective way to consolidate and manage data across your enterprise. Fortunately, a cloud-based enterprise resource planning (ERP) system like SAP Business One can be the perfect solution for you. But before you choose SAP for small business management, you need to answer this question: why move to a cloud-based ERP solution? This article explains reasons why you should use a cloud-based ERP system like SAP.
What Is a Cloud-Based ERP Solution?
A cloud-based ERP solution is a system designed to help you manage different aspects of your business without installing infrastructure on your business premises. This type of system uses cloud computing, allowing you to manage your business processes with just a web browser and an internet connection. All other business management resources, like servers, are provided by a third-party service provider.
Why Move to a Cloud-Based ERP System?
Many enterprises are currently switching from on-premises ERP to cloud-based solutions in a bid to streamline their business processes and cut down the cost of running their businesses. Here are the main reasons you should also consider moving to a cloud-based solution.
Compared to on-premises ERP solutions, cloud-based solutions are cheaper to set up, because you’re using third-party resources. With on-premises ERP systems, you have to set up expensive servers and pay monthly electricity bills, but these costs are eliminated when you use a cloud-based ERP solution.
Low Maintenance and Upgrades
With a cloud-based ERP system, you don’t have to worry about unexpected expenses because hosting, upgrade, and maintenance costs are handled by the service provider.
Access to Advanced Technology
Today’s business world is evolving with each passing minute, and to remain competitive and relevant, you need to keep up with these technologies. Cloud-based ERP service vendors are working tirelessly to develop advanced solutions—solutions that enable businesses to make accurate forecasts, uncover hidden insights, and improve business operations. Cloud computing eliminates the high cost of exploring and implementing these technologies.
Cloud-based ERP Solutions offer rapid and boundless scalability because you don’t have to upgrade or replace your current hardware. This kind of scalability is impossible with on-site ERP solutions because the existing hardware may not be compatible with the latest software updates, forcing you to replace the entire infrastructure.
With a cloud-based ERP solution, as long as you are connected to the internet, you can access your business account from any location. This kind of accessibility is impossible with an on-premises ERP solution without a dedicated virtual private network (VPN) or imitation software.
The decision to move to a cloud-based ERP solution like SAP starts with understanding what the system will do for your enterprise. So, ask yourself: Is SAP worth it for small business operations? Does it match my business needs? What is the purpose of SAP Business One? Once you have the right answers to these questions, it will be easy for you to move to a cloud-based SAP system.