It is becoming more and more relevant and prevalent to host your enterprise resource planning (ERP) software in the cloud. There are various cloud ERP solutions available to the market. One such solution that seems to stand out lately is Acumatica.
Unlike on-premises systems, cloud ERP uses the cloud infrastructure rather than an enterprise’s data centre to perform various business operations such as purchasing, inventory management, customer relationship management (CRM), finance, HR and much more.
Cloud ERP solutions have many advantages over a traditional on-premise setup, but also various challenges that need to be taken into account. There is, however, no one solution for everyone though, and businesses need to ensure that it works for them. If it does, it can be of huge value.
Acumatica is a software technology provider, offering a cloud and browser-based Enterprise Resource Planning (ERP) solution for small to medium sized businesses (SMB’s). Acumatica’s ERP system is built on its own platform. The software can be deployed on premise, hosted in a data centre or run on a cloud-computing platform and can be licensed or purchased.
Cloud ERP Benefits
Cloud ERP increases accessibility to online data and enables users to access, share, view and transfer this data in real time across the business
Generally, a cloud-based ERP also comes with availability, backup and disaster recovery plans to minimise downtime, reduce software interruptions, and ensure continuous business operations. A cloud-hosted ERP solution will inform organisations about the necessary system and security updates, which can be automated.
A major advantage of using cloud ERP is the cost-effective subscription payment model (Software as a Service, also known as SaaS). The software as a service model increases flexibility and scalability. Users can easily scale resources as needed, as they pay only for the used resources instead of a fixed price upfront regardless of what they have used. There is no need for additional hardware and maintenance on-site, which decreases hardware, operational and maintenance costs.
Cloud ERP Challenges
The main challenges with implementing a cloud ERP solution refer to management, customisation, security and integration. New management processes for a cloud-based ERP system can create some integration complexities if the business uses multiple services and third-party products. This needs some thorough investigation and understanding.
Furthermore, admins must also pay attention to data hosting requirements, data regulations and compliance, as information can reside in multiple data centres across various regions. An ERP vendor with cloud infrastructure expertise should easily address the above and mitigate or manage any potential risks.
A Cloud ERP solution such as Acumatica is a good fit for startups and small- to medium-sized businesses looking to scale operations and transition to the cloud. It can be a very cost-effective solution.
Acumatica offers a cloud and browser-based Enterprise Resource Planning (ERP) solution for small to medium-sized businesses (SMBs).