5 Benefits of using Cloud-based software for ERP

5 Benefits of using Cloud-based software for ERP

Cloud solutions can be a very lucrative investment with minimal risk and huge scope for scalability for businesses of all sizes, especially for the small to medium-sized ones.

Implementing a cloud storage solution like SkyFlok means that you can access your data securely anytime and anywhere. We give you a secure environment, called Client Space, where you can share files with your clients and keep the privacy of their data.

Also, as Cloud technology is heavily regulated, you don’t have to worry about keeping up with current compliance laws: SkyFlok does it for you. This makes SkyFlok particularly useful for the implementation of GDPR.

Subscribe to SkyFlok and enjoy secure enterprise-grade storage at small business prices.

In the following article we look at 5 benefits of using cloud-based software for ERP.

Security

When cloud-based software first came around many were sceptical about the security and were concerned for their data safety and privacy. As more businesses adopted the Cloud and demonstrated that actually, this option provided a higher level of security, the critics were soon silenced. Cloud ERP solutions ensure that data is secure and protected.

Certain Cloud providers also back up your data to remote servers meaning data loss will not occur. External data centres will regularly audit their security processes as their customers’ data security is paramount to their reputation as a business.

Cost Effective

One of the main features that draws many businesses to Cloud-based solutions is the low setup cost. Cloud-based solutions usually involve a monthly subscription fee and little to no initial set up cost. Companies also do not have to spend large sums of money investing in hardware installations as all they need to access their ERP is a web browser.

Companies that switch to Cloud-based ERP systems from an on-premise system will also experience immediate savings as they no longer have to manage their own data centres. This can be particularly crucial for smaller businesses where IT costs can typically make a big impact on a company’s budget.

Scalability

A key benefit of using the cloud is the ease at which you can scale up your business. A business that operates with an in-house ERP system and is looking to scale up would have to audit their current processes and see if the hardware they have currently in place is sufficient for growth.

If the hardware is not sufficient, this could mean installing additional servers on site which may mean downtime for your system. There is then the issue of powering and cooling the hardware, this would also need to be considered when looking to up-scale your business.

Access Data Anywhere

The main draw of SaaS is that it can be accessed from anywhere, which is particularly useful if you have staff that work remotely. This also means that if you wanted to work from home but forgot to email an important file to your personal computer you can simply log in from home and access the files.

For salespeople who go out to visit customers and secure deals on the road, having a Cloud-based system they can access in real time is incredibly useful. Having accurate stock levels is crucial to ensure customers are not let down. It would be incredibly embarrassing if the salesperson agreed a sale only to then find when they got back to the office that the order cannot be fulfilled.

Regulatory compliance

Not only is cloud technology secure, due to it being provided by external companies that make data security their top priority, the technology itself is governed by a stringent set of laws and regulations that ensure best practices are maintained.

These regulations are also by no means static, and the laws and regulations are constantly evolving as the technology itself evolves. It is the responsibility of your cloud provider to adhere to these regulations and ensure they are compliant with the most up to date legal requirements. Therefore, anyone using Cloud technology should be safe in the knowledge that their system is secure and fully compliant.

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