10 Advantages of Using a Cloud-Based ERP Platform

Has your business gotten too large to be managed on paper? If you’re spending too much time searching for the data you need, you can’t run your business efficiently. This is where enterprise resource planning (ERP) platforms come in. These platforms let you manage many aspects of your business within the same application.

There are a lot of ERP platforms out there, and before you can choose one, you need to decide whether your business needs an on-premise or omni-channel cloud-based platform. As a small business owner, you’ll probably find that cloud-based platforms are a better fit for your needs.

Here are 10 advantages of using an omni-channel cloud-based ERP platform.

1. It Lets You Get Started Right Away

On-premise platforms take longer to implement because you need to set up the required hardware first. Cloud-based platforms, on the other hand, don’t require any additional software. Since they’re accessed via web browsers, you can get started right away.

2. It’s Easy to Use

Cloud-based ERP platforms are configured for you by the provider, so you don’t need to struggle to set up the platform. These platforms are customizable, so you can tell the provider what your business needs. Once the platform is ready, you can simply log in and get to work.

3. It Has Lower Upfront Costs

When you choose an on-premise ERP platform, you need to buy an upfront license before you can start using it. Paying a lot of money upfront can put a strain on your small business’s cash flow. Cloud-based platforms run on a subscription model, so after paying a one-time set-up fee, your only cost is the monthly subscription fee.

4. It Has Predictable Monthly Costs

On-premise platforms can come with unpredictable costs. If your server crashes, you’ll need to spend money on repairs that you haven’t budgeted for. If you use a cloud-based platform, your only monthly cost will be your subscription fee, which is the same every month. No hidden fees. No surprise expenses.

5. It Updates Automatically

If your business chooses an on-premise ERP platform, you’ll need to periodically update the platform. You may need to shut down your servers to perform an update. Since this is a hassle, it’s easy to procrastinate updates.

If your platform isn’t updated, you could run into performance issues. Cloud-based platforms are automatically updated by the vendor, so you’ll always have the most up-to-date version, without any inconvenience.

6. It Can Be Accessed from Anywhere

On-premise platforms are installed on your company’s computers, so if you want to use the platform, you need to be in the office. If you buy new computers, you have to install the platform before you can do any work.

Cloud-based platforms are accessed through web browsers, so you can log in with any device, from any location.

7. It Scales with Your Business

As your business grows and you need to store more data, you’ll need to upgrade your servers to make room. Cloud-based platforms are designed to work for businesses of all sizes, so as your business grows, you don’t need to upgrade your hardware.

8. It Requires Less IT Support

Maintaining servers can be a lot of work. Your IT employees will need to upgrade your servers regularly, check the logs for signs of hardware errors, and perform regular security audits. If the server fails, they’ll have to do even more work. If you use a cloud-based platform, these problems are eliminated.

9. It Integrates with Other Systems

Cloud-based ERP platforms can be integrated with other systems that are in the cloud, like your point-of-sale system. This helps you run your business more efficiently. If you choose an on-premise platform, it’s harder to integrate your various systems.

10. It’s Reliable

To stay in business, vendors of cloud-based ERP platforms need to store their customers’ data safely and ensure customers can access data when they need it. They have experts on staff who keep the platform running smoothly. With on-premise platforms, reliability is your responsibility.