As more and more Australian businesses are moving away from on-premise ERP solutions in favour of the cloud, find out the key benefits cloud ERP offers. And find out if you should be making the switch.
The many upsides to the cloud
If you’re already using an on-premise ERP solution, chances are that you already know the of the benefits of ERP software, sometimes called business management software. At its most rudimental form, an ERP basically brings all your information into one system and allows you to automate and improve processes across your business.
In general, licenses are purchased outright and then installed on an internal server. To access the software, your team needs to be connected to the server, which generally meant they had to be on site. As you may know, this becomes restrictive, costly, and hinders growth.
In contrast, cloud software is hosted by the provider instead, so no need for costly internal servers. Businesses simply pay for a subscription, then they access the software online using any browser – Google, Edge, Safari or Firefox.
From a technical point of view, the key difference comes down to the hosting. However, cloud ERP systems also significantly reduce costs, offer better access and functionality, increase scalability, speed and security, all while reducing IT costs.
Accessible from anywhere
As flexible working becomes the new norm for many businesses, this has become critical functionality. The cloud means your team can access your ERP system from any internet-connected device.
If you need to scale up to capitalise on growth opportunities, you need cloud ERP. Add users instantly without any loss of performance, unlike on-premise hosting. Cloud ERP future proofs your business and scales alongside it.
Automatic upgrades + bug fixes
With cloud ERP, upgrades and bug fixes happen automatically in the background so you’re always getting the full benefit of the platform.
Less downtime + faster recovery
Cloud ERP software generally has more built-in backups than most on-site servers. This means you can avoid loss of data, and reduce downtime while you get back up and running if disaster strikes.
While high-performance servers can deliver fast speed, regular maintenance is costly. In contrast, cloud systems are the better option and faster to use.
A common misconception is that the cloud is not secure. In reality, cloud ERP has better security measures in place than most on-site servers.
No costly equipment
On-site hosting is expensive – there’s the cost of purchasing and setting up the server, plus ongoing maintenance. The cloud eliminates these costs because your subscription fee includes hosting and upgrades.
Flexible working = smaller offices
Due to the events of 2020, corporations began allowing employees to choose where they work. This downsizing is facilitated by cloud technology. Now there is no longer need for all teams to all be onsite at the same time.
With the Cloud, the sky really is the limit
Whether you’re looking to get more mobile or support your fast growth, moving to cloud ERP could be your next step. You’ll find it significantly reduces your upfront and ongoing costs compared with on-premise systems, while improving access, scalability, security and speed.
Think cloud ERP might be right for your business? Get in touch with our team to discuss MYOB Advanced Cloud.