Enterprise Resource Planning (ERP) is one of the most valuable tools for companies in the manufacturing industry, and with the push for Digital Transformation, many businesses are choosing to move to cloud-based ERP systems. Could this be the next right move for your business? Here are 4 reasons you should move to a cloud-based ERP system:
- Great Business Intelligence Whenever and Wherever You Need It
Cloud based ERP systems will give your company the best access to your operational data due to its number of data tracking, data reporting, and analytical tools it provides. This will enable your company to identify and analyze trends that simple human observation may miss. With this system, your company will have immediate access to real-time data about any aspect of your business whenever you need it. Having data in the cloud as compared to on-premise or local storage means that you don’t have to be at an in-network station, you can access this data anytime and anywhere from any device!
- Streamline All Job Processes
With the right ERP system, many job processes can be significantly streamlined, and manual processes can be greatly reduced or eliminated. Using a cloud-based system that is industry specific will allow for the removal of cumbersome workarounds within your business, which allows your employees to focus on more important tasks and goals instead of getting caught up in busy work.
- Easier Integration
Integration is how ERP software is connected to other systems ensuring that consistent information is shared while simultaneously automating workflows. Integration is important because it affects relationships between ERP software and other vendor systems enabling business to customize and select the specific tools they want to have in their solutions. Cloud based ERP systems that are industry specific are the easiest to integrate and have less bumps than any of their competitive systems. Cloud ERP is even more unique because of how it effectively unites all your data under one big umbrella.
A cloud ERP system has many advantages to offer your company. One of the greatest advantages is the flexibility of cloud ERP which enables it to be whatever your company needs it to be. This system has the ability to scale up or down in response to any demands your business may have. A system that is flexible to your business needs is what every company should search for when looking for ERP.
Which Cloud ERP system should your business implement? Choosing a cloud ERP that is industry-specific can be key, as it could take months of configuration to shape a generic ERP for your business. The digital transformation trend of moving to cloud-based ERP is very clear. According to Gartner, “By 2022, 30% of large enterprises will have moved to a platform- and product-centric approach with standardized ERP capabilities at the platform core.” Gartner recognizes Infor CloudSuite™ solutions as Visionary in the 2020 Magic Quadrant for Cloud ERP for Product-Centric Enterprises. Further, according to Gartner, “Application leaders responsible for ERP applications should use this Magic Quadrant to evaluate solutions for moving ERP business capabilities to the cloud.”
Gartner: Magic Quadrant for Cloud ERP for Product-Centric Enterprises, Tim Faith, Duy Nguyen, Denis Torii, Paul Schenck, Christian Hestermann, 22 June 2020.