Modern ERP and in particular cloud-based ERP systems have revolutionised our industry. The technology has become faster, simpler and more cost effective.
Let’s examine some of the key differences and benefits of a modern ERP sysytem:
Cloud services are offered on a SaaS (Software as a Service) model, which basically translates to pay as you go. This model reduces the traditional up-front cost of software procurement.
Many companies now also offer implementation services on a subscription basis, helping the CFO to turn this type of cost from CapEx (capital expenditure) to OpEx (operational expense).
It’s an old adage but why re-invent the wheel? A large percentage of processes and tasks in any finance function are the same. ERP providers recognise this and their systems are now driven around best practice processes.
If these are standardised, it becomes quicker to implement and easier to train new users.
Modern solutions provide a highly intuitive user interface that will increase adoption rates and engage users to become more proactive. Users tend to spend a large proportion of their time searching for information within business systems.
Modern systems are designed to push information to the user, rather than relying on users to pull data from different sources. Highlighting areas of interest in real-time enables users to take action quickly, as issues occurs.
Traditional ERP projects could take years to complete, often requiring lengthy customisation. Modern ERP systems follow industry best practice and have ready-to-use methodologies that dramatically reduce project length.
This allows the project to be driven by best practice and challenges the ‘what won”t work for us’ as opposed to the ‘how do you work now’ approach. In many cases this can bring implementation time down to as little as 8 to 10 weeks.
Upgrades & Maintenance
Upgrading an on-premise solution was often a lengthy process, requiring considerable time and investment from the end user. By adopting a cloud solution, companies can take advantage of software updates that are managed by the provider, and reduce on-going maintenance costs.
Likewise with maintenance, the hardware and software is the responsibility of the provider and large internal teams are no longer required to support the infrastructure of the software.
Backup is a major headache for any company with an on-premise solution. Reputable cloud providers or hosting companies take careful measures to ensure there is no data loss and provide a service against downtime. This in turn gives peace of mind by removing the internal overhead and risk from the business.
Modern solutions are built on open standards and designed to allow integration with additional products now and in the future.
Scalability & Flexibility
Modern ERP solutions are feature-rich in comparison with their predecessors and are continually evolving. Additional functionality or business changes can easily be added without any of the traditional challenges such as impact to existing customised processes.
The flexible reporting and social collaboration now available in modern ERP complements each business process, making them more appealing to the user. Information is pushed to them, whereas traditionally they had to request it, often in the form of lengthy paper-based reports.
In the past ‘real time’ reporting would have been difficult to produce and would often be out-of-date by the time the report had been sent.
Business Cloud Software
We’re unique in that we work with both Oracle and Sage cloud-based ERP solutions. We do this because each system has its own strengths, and we want to offer our customers a best fit solution for their business needs.
If you would like to know more about the benefits of the cloud for your business, get in touch or call us on 01606 871332.