13 Ways to Improve Your Luck with ERP in the Cloud

Banner 120X 600While Cloud solutions are rapidly becoming more mainstream, you might not naturally think of the cloud as option for your ERP and financial management software solutions.

However, there are a number of reasons that a Cloud ERP solution could be a very beneficial choice for an organization. In honor of it being Friday the 13th, here are our top 13 benefits that businesses can expect from ERP in the Cloud:

  1. Cost Savings – Reduce capital costs by avoiding the purchase of hardware to host your ERP system while eliminating some operating expenses such as IT support for your ERP system and the power needed to run your server equipment.
  2. Reduce Your Dependence on IT – By hosting your ERP application in the cloud, common help desk calls and other IT management tasks like procurement and server configuration are reduced, freeing your IT staff to concentrate their talents on tasks that will improve the business and revenue generation rather than on general technical problems.
  3. Improve Your Ability to Scale– You can adjust users and applications up or down to meet the changing demands of your business, try-out new applications without a large capital investment, and roll out new applications to smaller groups individually, reducing risk and spreading training costs.
  4. Improved Security – Cloud providers have much more expertise in securing data than typical internal IT departments do, meaning that data is often safer from electronic and environmental threats in the cloud than it is in most company’s server rooms.
  5. Provides Business Continuity – Along the same lines as the previous point, a Cloud vendors’ core function is providing infrastructure business continuity, so you can focus on your people and facilities in the face of a disaster.
  6. Flexible Reporting – While some ERP providers limit the number of reports that you can access through a cloud subscription, most Cloud ERP solutions provide the same report visibility options that would be available on-premises.
  7. Tight Integrations with Office and Outlook – Many Cloud ERP solutions, like Microsoft Dynamics GP Cloud, have the same integration options as their on-premises counterparts. Check with your Cloud vendor to ensure that your ERP solution will automate your common business processes.
  8. Ideal for Start-UpsCloud ERP is a perfect fit for startup organizations and start up divisions within an existing company. You can use the functionality that you need and expand your use as the company grows.
  9. Supports Global Expansion – One ERP system can service business operations around the globe, eliminating complex manual reporting from multiple ERP systems. You and your employees will access the application and your data from anywhere on any device.
  10. Expand Employee Access – Because employees can access your ERP system from home (or anywhere else), your business can support green initiatives or promote employee satisfaction programs. In addition, critical business data will be store in the secure cloud and not be transported to and from the office on flash drives or laptops.
  11. Upgrades Without Interruption – In the Cloud, software upgrades take place behind the scenes and without the need to involve internal IT resources. Upgrades should be coordinated with your vendor so that you and your team are ready to take advantage of the new functionality.
  12. Gives You a Fresh Start – Moving to the Cloud presents you with the opportunity to assess and re-architect your business processes and systems so that they are as efficient as possible for your organization.
  13. Continued Relationship with Trusted Business Partner – Just because you move to the Cloud does not necessarily mean that your relationship with your ERP partner is over. By selecting a solution like Microsoft Dynamics GP Cloud, you will still work closely with a VAR, like Socius, to implement the solution and provide ongoing training, support, education, and value.

These 13 points were adapted from the whitepaper, “35 Questions Every CFO Needs To Ask About ERP Software In the Cloud.”  If you have more questions or want to learn more about Cloud Computing and what it would mean for your business to use a Cloud ERP solution, download the whitepaper at no cost!

This article was originally published in April 2012 but has since been updated for accuracy and freshness.