The United States economy has been stagnant in recent years, and small and mid-sized businesses have been affected just as much as anyone.
As a result, many small and mid-sized businesses have looked toward innovative technology as a means of cutting costs while also increasing productivity. More often than not, cloud computing software has offered the right solution – including enterprise resource planning (ERP) systems.
Cloud-based ERP solutions have many benefits, beginning with improved productivity. Because the cloud allows companies to integrate multiple functions – for example, many cloud-based ERP systems have integrated business intelligence (BI) programs and customer relationship management (CRM) – workplace efficiency has been able to skyrocket.
Another advantage of cloud-based ERP solutions is that they are typically able to accommodate mobility strategies. Small to mid-sized businesses in particular have enjoyed significant benefits from accessing corporate applications outside of work, such as
Through improved communication and collaboration, many small to mid-sized companies have been able to increase their productivity as the result of implementing cloud-based ERP solutions.
Cost-efficiency in the cloud
Saving money is a goal of just about every business, and cloud-based ERP does that extremely well.
Scalability and flexibility are two of the top benefits of cloud computing. Cloud-based ERP solutions are subscription-based, meaning companies only have to pay for what they use and can scale up or down at any time. In addition, the Cloud tends to be more compatible with emerging technology than many on-site ERP packages.
Cost-efficiency is the top reason businesses decide to move their ERP systems to the cloud. Have you considered moving to the cloud? Or have you already made the switch? Let us know what your experience was in the comments below.