Is your business starting to get too big to be managed on paper? Papers and spreadsheets can work well for a small business, but you can outgrow them quickly. When you start having trouble managing your inventory and tracking your customers’ orders, it’s time to upgrade your business’s processes. Choosing a new way to manage your business can be overwhelming since there are so many options on the market. One great option is a cloud-based enterprise planning (ERP) platform.
A cloud-based ERP platform lets you manage many of your company’s back office functions. If you’re worried about bringing a new technology into your business, don’t be. Cloud-based ERP platforms give your company all the support it needs as it grows.
Your Information Is All in One Place
The major benefit of a cloud-based ERP platform is that all your company’s information is in one place. Instead of using one spreadsheet for your customer management, another spreadsheet for order tracking, and another spreadsheet to keep track of your inventory, all of your data is stored in a central location. This makes it easier for you to see how your growing business is doing without digging through multiple spreadsheets.
Your Costs Are Lowered
Costs are a concern for any business owner, and when you’re thinking about adopting a new technology, you may be worried about spending a lot of money. Cloud-based platforms are associated with a lower upfront investment than computer-based platforms, so adopting this technology doesn’t have to be expensive for your company.
To use a cloud-based ERP platform, you typically need to pay a flat-rate monthly subscription, instead of the expensive licensing fees that are associated with computer-based software. Since the data is stored in the cloud, you don’t need to invest in server infrastructure, like you would with computer-based software. Also, upgrades happen automatically with cloud-based platforms, so you don’t need to worry about paying your IT staff to do time-consuming upgrades.
Your Data Is in Safe Hands
Keeping data safe can be a major worry for small businesses. When your important business data is stored on site, you’re solely responsible for its safety. Something as simple as an employee’s laptop getting lost or stolen can have a major effect on your business if that data wasn’t stored anywhere else.
When your business’s data is stored in the cloud, it’s in safe hands. Cloud-based ERP providers have a lot of experience keeping their customers’ data safe, and if they weren’t able to safely store data, they wouldn’t be able to stay in business for long. With the provider taking responsibility for keeping your data safe, you can focuson growing your business, rather than surveilling your data.
Your System Scales with Your Company
New technology is an investment in your business, and to get your money’s worth, you want to be able to use it for at least several years. Cloud-based ERP platforms are designed to scale with your business as it grows, so you can keep using the same platform in the future. You’ve already outgrown one process—your spreadsheets—and you don’t want to run into the same problem in the future.
The system you start subscribing to when your company is fairly small can still suit your needs when you have a medium-sized or even large business. As your business grows and you have more data to manage, you can simply bump up your subscription level to the next tier. Upgrading is fast and easy, so if your business grows overnight, your cloud-based ERP platform will grow overnight with it. This support saves you the hassle of upgrading to an entirely new system and needing to transfer your company’s data over.