SME’s are turning to Cloud Software for running their business operations

Are your outdated legacy systems holding your business back? Despite spending a sizable amount of time and money, they often fail to improve your bottom-line and productivity.  Replacing these outdated systems with cloud ERP can result in better overall results.

What is Cloud ERP?

Cloud technology has changed how businesses access data and ERP software. Instead of buying typical "out of the box" ERP software, companies are now investing in cloud-based ERP software.  Cloud technology is convenient, flexible, and affordable. Because of its ability to address the unique needs of small and medium-sized businesses , many organizations consider investing in cloud ERP software worthwhile.

What are the benefits of Implementing Cloud ERP for SMEs ?

1. Unified Business View
   
   Often, organizations track and record information using one software program, while accounting teams use another, and HR departments use a different platform. This results in scattered information across data silos where teams have limited visibility.  
   
   A cloud ERP system enables the management to make informed decisions using real-time business intelligence. Oracle NetSuite’s ERP system allows for smooth operations within an enterprise. NetSuite brings approvals and workflows together. It also ensures every workflow is in an organized digital framework.
   
   
2. Lower Cost
   
   One of the biggest advantages is the elimination of upfront costs and the flexible subscription model.  This means businesses can scale their ERP solution as their needs grow, without the need for significant investments in hardware or software. For example, in QuickBooks, customization is not available until you sign up for the most expensive subscription. Cloud ERP is customizable on the go and does not need extra hardware.
   
   
3. Transparency
   
   Cloud ERP systems can help your organization cultivate a transparent work culture. A cloud ERP system like NetSuite can map dependencies, track progress, raise alerts about areas requiring attention, and update employees and management on business performance metrics across functions and departments in real-time.
   
   
4. Automation
   
   Cloud ERPs provide decision-makers with automated work file management and reporting capabilities. It would be highly time-consuming to process documents and prepare reports without it. Cloud ERP customizations help employees to automate a lot of manual tasks. For example, it provides complete visibility into financial data across the entire business to support smart, informed decisions.
   
   
5. Real - time Insights
   
   Data is crucial for companies, and they cannot risk losing or misinterpreting it. Traditional methods like manually maintaining spreadsheets can be prone to errors and slowdowns, especially when dealing with large datasets. Cloud ERP solutions, such as NetSuite, offer a significant advantage by providing real-time data and customizable reports. This means businesses can access accurate information whenever they need it, allowing them to make data-driven decisions that improve efficiency and boost revenue.
   
   
6. Security & Disaster Management
   
   Cloud-based ERP providers offer greater security and compliance than traditional ERP providers. Data is typically encrypted end-to-end by cloud providers with enterprise-grade security.
   
   
7. Enhanced Accessibility, Collaboration & Agility
   
   In the current times, when more employees work from home, businesses of all sizes are becoming decentralized. A cloud-based ERP provides improved accessibility, usability, and mobility.  A cloud-based ERP system offers a high degree of corporate agility as your team can collaborate on the move. It allows employees to access tools from anywhere, anytime, and on any device, provided they have an internet connection.  
   
   With NetSuite, small businesses can have full visibility into inventory and supply chain channels to avoid disruptions and subsequent issues.
   
   
8. Boosted ERP Performance
   
   Cloud ERP allows you to free up onsite space and resources, which companies might otherwise use for large and expensive setups. Also, because it is online, it frees up your in-house computation work for other tasks. 
   
   An exceptional ERP software must have easy third-party integration capabilities because it can take months to develop similar features on your own. Third-party integrations allow you to decentralize business processes and automate workflows efficiently. 
   
   NetSuite CRM allows easy integrations, enabling businesses to handle many operations in one place.
   
   
9. Saves Time
   
   Time is a scarce asset, and no organization can afford to waste it. Cloud ERP solutions like NetSuite can help businesses save time and resources. Unlike traditional methods like Excel, which require manual data entry and can be time-consuming, ERP systems automate many tasks, such as accounting, HR, and billing. Additionally, ERP NetSuite also provides an in-depth analysis of business activity with personalized dashboards, helping businesses make data-driven decisions and identify new opportunities.
   
   
10. Reduce Dependency on Internal IT Teams
    
    Migrating to cloud-based ERP can significantly impact your internal IT department. Cloud ERP systems are generally easier to maintain than on-premise systems, allowing IT teams to focus on higher-value activities. One of the biggest benefits is improved data security. Cloud providers have robust security measures in place, reducing the risk of data loss or breaches. This can save IT teams time and effort spent on maintaining complex security protocols. Additionally, cloud ERP systems are faster to implement and require less IT resources. This means businesses can realize benefits sooner and avoid the need for additional IT staff.

How NetSuite Can Help Streamline Your Business?

In case you're wondering - What is NetSuite ERP? Then let me explain - ERP NetSuite is a cloud-based business management system that automates core business processes. NetSuite gives real-time visibility into financial and operational performance to help organizations succeed.

The NetSuite ERP system is the world's most deployed cloud ERP solution. NetSuite ERP is available in 200 countries with 27 languages. With over 32,000 customers, ERP NetSuite is the perfect choice for managing your business.  Manage your business processes better with ERP NetSuite. Moreover, you can access your business data anywhere, anytime. 

Contact us to Transform your business with NetSuite ERP today!