The United States economy has been stagnant in recent years, and small and medium-sized businesses have been affected as much as anyone.
As a result, many small to medium-sized businesses have looked toward innovative technology as a means of cutting costs while also increasing productivity. More often than not, cloud computing software has offered the right solution – including enterprise resource planning (ERP) systems.
There are several benefits of cloud-based products, beginning with improved productivity. Because the cloud allows companies to integrate multiple functions – for example, many cloud-based ERP systems have integrated business intelligence programs and customer relationship management – workplace efficiency has been able to skyrocket.
Another advantage of cloud-based solutions is that they are typically able to accommodate mobility strategies. Small to medium-sized businesses in particular have enjoyed significant benefits from accessing corporate applications outside of work.
Sales agents need to be able to send and receive email on all sorts of devices from anywhere they happen to be. The sync capabilities of the cloud-based programs mean that employees can receive email on all their phones and computers from any type of web browser.
Through improved communication and collaboration, many small to medium-sized businesses have been able to increase their productivity as the result of implementing cloud-based technology.
Cost-efficiency in the cloud
Saving money is a goal of just about every business, and cloud-based technology does that extremely well.
Scalability and flexibility are two of the top benefits of cloud computing. Cloud-based solutions are subscription-based, which means companies only pay for what they use and can scale up or down at any time. In addition, the cloud tends to be more compatible with emerging technology than many legacy packages.
Cost-efficiency is another top reason companies should consider moving their ERP systems to the cloud. The costs are lower, both in terms of powering these systems and of the required IT services. As a result, most cloud-based ERP systems tend to achieve a fast return on investment.