Effective planning, management, and extensive use of the resource are crucial for a successful business operation. These factors allow the business to allocate the right resources to manage and effectively execute the business operation.
The need for a management system leads to the development of ERP software. This software is designed to manage and streamline the business process. ERP software integrates all the information of your business and streamlines it in one platform, which allows the business to stay updated about your business operation such as inventory management, human resources, financial management, and customer management.
Now that the business is slowly shifting towards digital transmission, ERP has now become an integral part of many businesses. As the percentage of using ERP software has increased from 21 to 36 percent during the five years from 2010 to 2015, and the global ERP software market is expected to worth $41.69 billion by the end of the year 2020.
Number clearly evident that ERP has become more prominent in mainstream business. However, as technology tends to advance, to gain the upper hand in the competitive market and to take full advantage of the time and money benefits of the software, companies are now shifting their way towards cloud based ERP systems.
There are many factors that drive the organization to adopt Cloud based ERP solutions. Companies adopting Cloud-Based ERP solutions are more successful with the growth strategies that are acquired from the insight gained from the Cloud ERP system. And the new companies entities created from these transactions aim to increase the quality and pace of the product.
In addition, due to the recent COIVD-19 outbreak the business transformed digitally by adopting cloud based ERP systems. The use of cloud ERP systems is probably going to increase over the next few years in order to build agile, responsive supply chains.
What is Cloud ERP Software?
Before jumping on to the topic, you must be wondering what Cloud ERP is and why it is different from on-premise ERP.
Cloud ERP is similar to that of on-premise ERP, but the one thing that differentiates this software is that the system employs cloud computing; therefore, the user can access the ERP system through the internet. Commonly known as a SaaS model, which means the system can be available on a subscription basis and does not require infrastructure.
Advantages of Cloud ERP over the business
Cloud ERP software is cost-efficient and easy to implement when compared to the traditional on-premise ERP system.
Since the Cloud ERP is hosted in the cloud, it does not require an in-house data center or maintenance team, and implementation is simple. Usually, cloud ERP is charged based on a monthly/ yearly subscription basis. This cuts down the capital investment.
No-more waits time anymore; Cloud ERP software eliminates server maintenance, meaning it reduces the work of the IT department.
No need to switch to a new system every time a new update arrived. Cloud ERP is hardware-free, and it typically eliminates the cost of upgrading the system.
2. Enhance Security
As of today, the business operation becomes more data-oriented, ensuring data security is important for every business. Recent attacks on cybersecurity have made it more difficult to maintain data protection at a traditional ERP software system.
Cloud ERP, on the other hand, offers maximum security and ensures a high degree of information safety. Cloud ERP adheres to predefined procedures against malicious activities and complies with the data privacy regulation.
3. Remote Access
With the cloud- ERP software, the user can access the information and data remotely through the internet from anywhere at any time. ERP software is designed to operate easily from anywhere for todays modern workers. The platform offers web features and user interfaces for smartphones and Laptops. There are no issues accessing a cloud infrastructure for multinationals with remote locations.
Cloud ERP software is more scalable compared to traditional ERP. It allows companies to simplify efficiency in all main business fields, including efficient planning of resources and allocation. Strict SLAs and regular processes run on Cloud ERP systems contribute to fewer downtimes and higher speeds. New updates and improvements on the cloud are automatically upgraded, updated the infrastructure, and enhances productivity.
Best Cloud ERP software for Business -Konnect ERP
Konnect ERP is a cloud-based ERP system designed to meet the growing needs of the organization of all sizes. With it highly adaptable, flexible, and easy to implement features make it one of the best Cloud-based ERP software in the market.
Konnect ERP is integrated with various modules that help in streamlining the business. Modules include CRM, Purchase, inventory, PPC, project management, task management, quality control, finance, and Hr module.
One of the key features is the complete inventory control and real-time inventory updates to avoid duplication, minimize mistakes, and save team time. In retail accounting, it also helps to understand and enhance the financial position of your company.
The significant difference between Konnect ERP and other ERP System
True Cloud Experience: true cloud means that all the features can be accessed on the web through a normal browser, without the need for further user-specific software installation or software licensing. Without external infrastructure or applications, Konnect ERP can be deployed on-site or in the cloud.
Mobility: Out-of-the-box, you can access the whole Konnect ERP suite on your chosen computer. Konnect ERP is designed to resize each page and view to any computer that you use. If its on a PC, tablet, or phone, every screen has the same information and flows.
Modern APIs Technology: Leveraging modern cloud technologies enables Konnect to support current APIs for easier integration with other cloud applications.
Multiple deployments: While most of the ERP system are available on-premises and hybrid, Konnect ERP also supports true cloud deployments.