Why the time is right for Cloud ERP
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Medium-sized businesses are increasingly adopting cloud-based software like SaaS applications rather than on-premises software for functions like CRM and HCM. Cloud ERP provides benefits like lower costs, customization, security, integration with other applications, and mobile access. While concerns about cloud ERP include data security, customization options, and per user pricing models, it can provide a flexible and cost-effective option for medium-sized businesses through features such as flat-fee unlimited user pricing and continuous new capabilities. The top priority for medium-sized businesses selecting cloud ERP is improved reporting and business intelligence capabilities.
Why the time is right for Cloud ERP
- 1. Accessible On-Premises ERP Medium-sized businesses have become open to exploring business application deployment models other than on-premises software, in particular software-as-a-service applications. THE MARKET SHIFT TOWARDS SAAS Cloud ERP: An Adaptable & Flexible Option For Medium-Sized Businesses SaaS application adoption is outstripping that of on-premises alternatives in some categories of business software, such as customer relationship management (CRM) and elements of human capital management (HCM), notably talent management. EVERYTHING ELSE IN YOUR BUSINESS RUNS IN THE CLOUD SaaS Adoption Mobile Flexible BENEFITS OF CLOUD ERP Low Cost Customizable Bank-Level Security and Privacy Integrates with other applications High Application Performance TRADITIONAL $LowerTotal Cost and Flat-fee pricing Unlimited User Licensing Per User Licensing NoVendor lock-in vs. CLOUD ERP Slow Installation and Deployment Fast Setup and Install Continuous Addition of New Capabilities New Features Require Installation Higher IT Costs Lower IT Costs MobileNot Mobile CONCERNS WITH CLOUD ERP WHAT SHOULD BUSINESSES LOOK FOR IN CLOUD ERP?* One misconception that medium-sized businesses have is that cloud ERP necessarily charges on a per-user basis. There are alternatives to this pricing model, such as paying a flat fee for unlimited users, which can have a large positive return on investment (ROI). CLOUD ERP IS A FLEXIBLE, USABLE, AND COST-EFFECTIVE OPTION FOR MEDIUM-SIZED BUSINESSES The bottom line *Based on a commissioned study conducted by Forrester Consulting on behalf of Acumatica June 2013 Infographic Created by Design Commission, Seattle, WA E XPECTCLOUDERPTO BE 52Lower their overall costs Open up and improve business access 41 Cloud ERPMarket Force CRM HCM ERP MEDIUM-SIZED BUSINESSES WANT CLOUD ERP TO:* % 33Be accessible from any browser 23Be accessible from any device % % % Free up IT Resources The No. 1 requirement that medium-sized businesses would like the software to address is to improve their reporting and business intelligence (BI) capability from within the ERP application. Firms want to be able to easily customize reports, and BI is not the only area where companies are keen to be able to tailor cloud ERP and benefit from its flexibility. Improve my business intelligence reporting Will I be able to move my data in and out? Is it secure? Will I be able to run custom reports? Can I integrate with other applications? Cloud ERP is designed to address many specific issues medium-sized businesses are endeavoring to deal with as they struggle to use software that is either insufficient or too overwhelming for their current and future business needs. Medium-sized firms also have the ability to choose from deployment and pricing models and scale up (or scale back) their cloud ERP usage as their businesses respond to internal and external change. 31% 13% 15% 8% 15% 8% 4% 6% Support for strong customizable reporting and business intelligence The ability to support strong workflow The ability to use HTML5 that provides a rich user experience The ability to access a strong ERP application ecosystem The ability to support role-based security The ability to run websites within cloud ERP software for e-commerce The ability to support document management The ability to use cloud ERP vendor’s deployment platform Yes. WorkstyleERP Open up and improve knowledge- sharing and decision-making with Cloud ERP. Cloud ERP connects with any device that has an internet connection and web browser. Provide flexibility in data location and switching between deployment options with Cloud ERP. Take advantage of Cloud ERP’s customizable reporting and workflow. Lower overall IT costs and free up IT resources to work on more important tasks by setting your business up with Cloud ERP. TheNew