The question is why should you choose Cloud ERP solutions for your business. ERP solutions are software tools that help grow your business profitably and in a flexible manner with accurate information in real-time that drives relevant, smarter, quicker decision making, and enables users to quickly adapt to changing market demands as well as to stay relevant in their business space.
According to an article in Forbes, PwC predicted that by the end of 2016, investments in SaaS or cloud ERP solutions will more than double while investments in traditional on-premise ERP systems will decline by over 30%. Their 2015 data also showed that net new license revenues for traditional on-premise ERP systems have been declining since 2013 and have already been surpassed by global revenue from cloud-based SaaS ERP solutions.
PwC also reported in 2015 that enterprises prefer to opt for cloud ERP systems and applications that can scale across human resources, supplier management, e-commerce, customer relationship management, selling, service and other business functions.
According to Mr Martin Hill in an article in ITProPortal, Gartner has said: “Spending on public-cloud-based, vertical-specific applications is expected to significantly increase through 2017, further highlighting the growing confidence in their use for mission-critical systems.”
Here are the key reasons why you should consider it as your choice for an ERP solution for your businesses:
Compelling cloud economics
The cloud having has proven its value for companies of all sizes as the economics of cloud deployment move from capital to operational expenditure. There are additional hidden economic benefits that will accrue:
- Better and faster scalability on demand and avoiding having to invest in additional hardware and software
- The direct and indirect costs of your infrastructure, from server to database systems to the actual hardware and obsolescence/replacement cost.
- The cost and hassle of maintaining the servers by yourself.
- The benefit of the reduced deployment times & costs and hence improved ROI
Better I.T. resource utilization
Moving to a cloud ERP solution means that your IT department will be able to spend less time on routine equipment and infrastructure maintenance & troubleshooting activities that do not add much business value such as verifying backups, applying security updates, upgrading the infrastructure, ensuring uptime etc.
This frees up time for them to work on more strategic activities such as creating executive dashboards, deploying mobile devices, creating customized management reports etc.
The Cloud is More Secure
Mr Martin Hill further says that as per Gartner: “Multi-tenant services are not only highly resistant to attack, but are also a more secure starting point than most traditional in-house implementations.”
Today you can’t be secure unless you have systems and people protecting your infrastructure 24 X7.
Security today is a comprehensive mindset that has to be built across every layer of the ERP environment to ensure uptime and access that can be offered best by a cloud ERP environment. The insulated approach of an on-premise solution and its limited security budgets and competence are no longer relevant.
Upgrades that are deployed by the cloud ERP solution are a part of standard support services offered by them and are the vendor responsibility. Minor upgrades are deployed in a non-disruptive manner, and major upgrades are scheduled well in advance with options of a sandbox training environment and end-user training. Even the major upgrades are designed to require minimal checking by the user.
You are always on the most current version of the software without any upgrade nightmares.
Mobile and collaboration friendly
The modern business landscape is full of mobile professionals, in the field/market/factory/travelling outside your business office, who expect access to the ERP system from their diverse handheld devices. Mobile onsite staff could be empowered and made more productive with mobility enabled access to the ERP. You should deploy real-time integration that links your employees, suppliers, partners, and customers for business success. While this was virtually not feasible on an on-premise system, the cloud ERP can address these needs well.
Cloud deployment can do this and redefine many of your outdated legacy business processes and workflows in a way that leverages the connected and egalitarian nature of the cloud for greater performance and productivity.
Business operability across geographies and entities
Companies have employees working across multiple locations and in different business entities and they aspire to leverage the advantages of a single unified ERP system across their business interests. Moving to the cloud provides the possibility to migrate from multiple operating ERP systems to a single one stop comprehensive solution.
This deployment of a single cloud ERP solution across geographies removes many operational obstacles; generates transparency, better compliance, easier transactions and better levels of efficiency & productivity.
Cloud ERP solution deployment is considered as one of the most clean and green IT options as it generates lesser waste and uses less energy resources with better capacity utilization of the data centre due to multi-tenant use. Perhaps reducing your carbon footprint isn’t your primary decision making criterion, but it’s certainly a benefit that aligns with the greater social good and promise of a green and clean world that we could leave for our children.
OUR VALUE PROPOSITION
We at Versa Cloud ERP have created a secure,one stop comprehensive cloud ERP solution that is e-commerce and mobility ready. The Versa Small Business Cloud ERP dba Versa is accessible anytime, and on any device, including desktop and laptop computers, tablet devices and mobile phones. Our solution is designed with industry best practices and consistent with regulatory requirements. It provides support for e-Commerce and Multi-Channel Retail includes integration with 3rd party e-commerce platforms as well as POS systems.
The capabilities of these integrations included the ability to exchange transaction data with these systems, provide status updates, as well as support complex transactions across these systems including inventory transfer between systems and locations. In addition, the Versa Small Business Cloud ERP system includes the ability to remotely manage Master Data on multiple e-commerce and POS systems including product description, pricing, images, etc.
It has been created to take care of all the business needs and concerns for operating your business effectively. It addresses key issues of the small business domain in the most effective manner possible. It is affordable and targeted towards SMB’s and is backed by a promise of dedicated support. It is being used by clients in diverse verticals and could help you redefine the way you operate and grow your business.
Our solution is designed for fast growing businesses, between $1-$50 M in annual revenue, looking to upgrade business management solutions like entry-level accounting products or mid-tier legacy on-premise ERP systems or even those looking at comprehensive and affordable ERP solutions. Our solution is built to be capable, affordable and easy to use by small and mid-sized businesses.
With the Versa Cloud ERP solution, you can have project management, multi-entity accounting, purchasing & order management, distribution, production, customer relationship management (CRM), e-commerce, multi-channel retail, advanced inventory management, reporting & BI, document management, security, mobility, global relevance, pre-existing 3rd party integration and DSCSA compliant functionalities built into one solution for easy operability across your business functions. There are customization options with easy migration from and compatibility with respect to other systems preexisting or in the business environment.
Built from the ground up on the latest cloud and mobile technology, the Versa Cloud ERP system allows businesses to automate and optimize their operations across multiple companies, countries, and currencies with one integrated ERP system.
We will help you in a structured manner to migrate your data seamlessly from Epicor, Infor, QuickBooks, Microsoft Dynamics, MYOB, Sage, SAP Business One etc when you make the decision.
We’d love to hear from you.