There is more than one reason why cloud-based ERP for small businesses should be the choice when opting for an ERP system that supports the management of a small business. Here we look at the top five ways how cloud-based ERP solutions work for the benefit of small enterprises.
ERP for Small Businesses
Diverse industry segments ranging from financial, healthcare, education, tourism and travel, food and FMCG among other verticals need one integrated software solution to help manage their business effectively.
An Enterprise Resource Planning (ERP) software does just that – enables smooth business operation through a software installed on one of your company systems. The key advantage with one integrated software solution is that it keeps track of your entire operations and can be run without hindrance as long as you are connected to the internet and your system is free from malware and virus attacks. However, the data generated from business transactions still needs to be stored in a secure location, while allowing you the advantage of accessing it from any location in the world.
This is possible through cloud-based ERP software solution as your entire business data is securely stored on the cloud space, directly impacting your business management with positive results as you can access your data any second, from anywhere on the planet.
Also read our blog Traditional ERP In Manufacturing Industries That Stall Company’s Progress
Here are the five ways how cloud-based ERP benefits your business:
1) Round the Clock Access
With a cloud-based ERP software solution you can access all your business applications round the clock. As strategic business decisions need to be taken depending on the volatility of market trends, having access to your business software hosted on the cloud will give you immense control over processes and data pockets.
Your Smartphone can all have right keys for you to punch and observe checks and balances without having to worry about minute details and categorical approvals which could stall your business proceedings.
2) Data Safety & Security
Data pertaining to your firm’s own products & services, finances, human resources, etc. is highly important and protecting it from malware and virus attacks is of top priority. In addition to this, your firm might be holding your client or customer data which needs to be guarded from theft.
Cloud based ERP systems have robust security infrastructure which exist in layers, preventing it from phishing, malware, or virus attacks. As we move into the future, data security will become the bone of contention owing to its malleable property.
3) Ease of Customer Relationship Management
ERP software solutions for small businesses enable efficient customer relationship management with a lot of ease while ensuring quality of the interactions.
With a cloud ERP system, you can also automate your communication with your existing and prospective customers, thereby engaging them with your brand in a qualitative way. Marketing Gamification is enabled by an ERP software on cloud.
4) Reduced Operational Costs
As most of transactions happen online and monitoring can happen on a real-time basis, as the owner of a business you can witness reduced operational costs. Once all your business processes are streamlined, you will not need additional manpower or technical resources to support your business journey.
5) Supports Scalability and Expansion
Cloud based ERP solutions for small businesses will support you whenever you’re ready to expand your business and scale your operations to newer heights. Let’s assume you have a niche business such as a kid’s fashion & trends salon in one city and would like to expand it to at least 6 other cities. In this scenario the cloud-based ERP software can help you to easily integrate the data from all your centers.
The best part of implementing ERP is that these 6 or more cities could be located anywhere on the globe and you can keep track of every transaction without having to worry about how things are running in your absence.