CentralBOS
The ubiquitous presence of cloud-based software solutions has really benefited small and mid-sized businesses over the past few years. Cloud-based ERP solutions help these businesses run all the critical functions needed to operate, such as distribution, manufacturing, finance and accounting, sales and customer service, HR, and managing the supply chain.
This solution doesn’t need to be installed locally, giving your employees access to real-time data anywhere. Vendors offer per-month, per-user flat rate pricing.
Many companies now use integrated cloud-based ERP systems, and the benefits of these systems include:
- Increased visibility for more effective financial management in:
- Accounting (GL, AP, AR, billing, sales orders)
- Financial reporting and analysis management
- Businesses are also experiencing improvements in business process management, with easier to implement best practices for more effective day-to-day operations. Areas of the organization that see increased effectiveness include:
- Inventory Management
- Shipping and Warehouse Management
- CRM
- Order Management
- HR / Payroll Tools and Services
- Customer and Vendor Portals
With the advent of cloud-based ERPs, companies can realize all of the same benefits of a more expensive, on premise ERP because the cloud itself provides the following advantages:
- Cost: Unlike with on-premise systems, cloud ERP offers a lower upfront investment. It comes with predictable expenses over time, and there are no additional hardware investments.
- Security: Cloud solutions provide the latest in data security and protection, with round the clock monitoring. With on-premise systems, data security is in the hands of the organization – and many organizations aren’t adept at practicing proper data security protocols.
- Implementation: Cloud ERP takes far less time to implement compared to on-site ERP.
Nowadays, there are more options than ever for companies who are thinking about implementing an ERP system. Luckily, CLOUD-BASED SOLUTIONS have made ERP more accessible for small to medium-sized companies. On-premise systems are more customizable and offer strict control over data, but the cloud provides some significant benefits that can’t be found in on-site solutions.