Thinking Business Growth with Low Investment? Think Cloud ERP!

With growing needs of on-demand nature of business, organizations are moving towards Cloud ERP. They need lots of data on demand which might impact considerably the growth and function of the business- like financial data, inventory status data, production data etc.

In other words, business owners need anytime-anywhere access to their business stats, so that they can make necessary changes in strategies & decisions as and when required.

With such a pace of business, old on-premises version of ERP won’t help and therefore, realizing the need of the hour, businesses are looking up to cloud-based ERP.

But how can cloud ERP help in business growth at low investment?

While on-premises ERP systems charge licensing fees, cloud-based ERP operates on a subscription model known as Software as a Service (SaaS).

This means you pay for access to the service for as long as you need it, much like subscribing to Netflix, Amazon Prime, or Spotify. Moreover, it doesn’t require a complete IT setup. A system, an internet connection and you are good to go.

This cuts down the cost of the SaaS model of ERP considerably. Hence, if yours is a company looking for growth with low investments then Cloud ERP can be the best select. Besides cost-effectiveness, flexibility, scalability, security, and speed have equal contribution in making it a perfect fit.

Let us explore top five ways in which Cloud ERP can be beneficial to your business.?

Pocket Friendly:

The most common reason of avoiding an ERP implementation by many organizations is the heavy cost and time involved. Usually, the expense goes up to lakhs, especially in the cases of exclusively customized solutions.

Cloud ERP comes with a budget-friendly tag.? According to research conducted by Aberdeen group: The organizations with SaaS ERP, spent exactly 100% of their ERP implementation budget on implementation, compared to organizations with on-premises ERP that went 12% over budget.

Cloud ERP lets you escape from the hassle of complex hardware and software management, instead, utilizes already available in-house systems. Since ERP on cloud doesn’t require any additional hardware, it saves a lot of money spent in procuring and installing its infrastructure. ??

The organizations, which deploy ERP on cloud are entitled for 100% support and maintenance by IT experts of the service providers, which if they employ at their own end, can be a recurring cost in the form salaries.

Apart from this, regular backup and maintenance activities are taken care by the service providers. Hence, company is not required to spend on hefty annual maintenance cost, and restoration is free.

Moreover, there is no extra expenditure in terms of money and labour for upgrades which is yet another advantage.

Flexible and secure:

ERP on cloud is also flexible and cheap due to its accessibility from anywhere through any internet enabled devices like desktop, laptop, mobile or tablet. Users can simply login using the authorized credentials, from anywhere and at any time allowing greater collaboration among departments. Data security is ensured by digital signatures and passwords.

Fast and reliable:

Cloud ERP offers exceptionally fast deployment, much like instant noodles, where you get what you want. Here is a surprising result of a research conducted by Aberdeen Group which says SaaS ERP implementation takes nearly 63% of the time it takes to install an on premise solution.?

Your ERP’s data centres are maintained by renowned web services and it stores the data at multiple locations, so that there is a backup always. Relying upon big web services, you can be 100% sure that your data is always available for you.

Moreover, the disaster recovery facility is sound that runs 365 days of the year and ensures data is recovered quickly in case of any unfortunate event.

Nearly no downtime:

Many service providers are now delivering the services with a remarkably good uptime i.e. up to 99.9%. So, loosen up your fears of facing halts or rundowns at the most crucial times.

Auto Upgrades

Notifications of recent upgrades and amending activities are auto generated on the client’s server. These upgrades and backups are conducted during holidays or at non-working hours, bringing down the wastage of productive hours to almost zero and the system remains current, up-to-date and available 24X7.

Faster ROI

Yet another statistic reveals that organizations with SaaS solutions achieve ROI 75% faster than those with the on premise solutions. These facts were emerged by research conducted by Aberdeen group and justify the cost effectiveness of SaaS ERP for companies of various sizes.

Basically, the reasons of faster ROI are less investment, anytime connectivity, low rentals, lesser infrastructure requirements and lesser overhead costs associated with cloud ERP implementation vis-à-vis on-premises ERP.

Concluding thought:

It doesn’t matter if your organization is big or small, ERP on cloud brings significant cost saving for your business. SaaS ERP is even beneficial for the new organizations or the first time ERP buyers, as they can enter the ERP arena in their limited budget and leverage its benefits quicker.

This quick “Time to Value” feature has resultant impact on ROI. Such cost saving features make SaaS ERP a sensible, can’t afford to lose kind of opportunity.

?With benefits coming along, one must ensure that only an ERP vendor having experience and expertise in industry is selected. With experience, the vendor sweeps away various hurdles which might delay ERP implementation and extend waiting time.

On this note, it is worth mentioning that BatchMaster has more than 30 years of experience in ERP implementation. With more than 3000 implementations so far, the vendor has earned great reputation in the field of ERP.

Besides, it offers BM Lite, a cloud ERP for start-ups, small to mid-size companies. BM Lite has just 21 days of implementation cycle and has got all the features that your organization requires at an initial level.

It gives flexibility of scaling up as and when required.

Doesn’t matter if you are a start-up, a small size, mid-size or a large size company, BatchMaster can deliver you as per your requirement, not to forget expertise and experience it brings along.

To discuss more on cloud ERP, or how it can be a partner in your business growth, please contact us on [email protected] .