What is Cloud Based ERP Software?
Enterprise Resource Planning software, or ERP software, is a type of business management software used by companies to collect, store, manage, and interpret data collected from various business activities. ERP is known for its ability to streamline business processes and operations, helping companies become more efficient and scalable.
Traditionally, ERP software has been operated by companies on premise, using company infrastructure. Increasingly, companies have been moving to cloud-based ERP software to lower upfront costs and to eliminate the need to manage complicated infrastructure.
Cloud-based ERP software provides actionable information in easy to consume formats, in real time, so your company can make quicker and better informed decisions. Since the software operates in the cloud it is much more accessible than traditional on-premise legacy solutions..
With a SaaS based (software as a service) cloud ERP solution, the software developer is typically responsible for the servers, databases and other infrastructure necessary to keep the ERP software functioning properly.
At Bakerfield Solutions, we specialize in cloud-based software solutions. In this article, our team will break down the basics of cloud-based ERP software giving you the information you need to decide if it’s right for your company.
Advantages of Cloud-Based ERP Software
Cloud ERP software offers several advantages to companies that adopt the technology. In this section, we will talk about many of the specific benefits cloud-based ERP software provides.
Accurate Data in Real Time
Cloud based ERP systems provide anywhere, anytime access to your critical business data.
Real time data is more complete, providing you with information and feedback right as it’s recorded. If you need to know how much inventory you have on the spot cloud-based ERP software makes it easy.
It Scales with Your Business
Cloud based ERP software scales with your business. Oftentimes software and technology that companies adopt help to grow their businesses, but they only go so far. A cloud-based ERP software has the capacity to scale WITH your business.
Since this type of ERP software is built in the cloud, the software can be accessed anywhere there is internet connection. Whether you are in the office or out on a job site, you can access dashboards, reports and evaluate your company’s performance from any device
Differences Between On-Premise and Cloud-Based ERP Software
Acumatica Cloud ERP software comes in two forms: on-premise (private cloud) and SaaS (public cloud). Not all software companies are born equal and unlike Acumatica, are unlikely to support both options.
Most companies have a hard time deciding how they should implement their ERP solution. Here are some advantages of public cloud-based ERP software compared to on-premise.
- The SaaS software vendor takes care of managing security, backups and disaster recovery so that the company IT department can concentrate on more important and pressing issues. With ERP software on premise, the IT department of the company bears the burden of maintaining the infrastructure required for the smooth operation of the software.
- Implementation of the ERP software is quicker and more cost effective since there is no need for upfront investment in enterprise-grade servers, operating systems and other hardware and software.
- With a cloud-based Acumatica ERP solution, all data generated by the company is stored centrally and all information can be reported on a single common interface.
- With a cloud-based Acumatica ERP solution your IT network is at considerably less risk of intrusion or hacking since the environment is protected by security measures seldom implemented in a local environment.
Cloud-based ERP software, as opposed to using on-premise ERP software, enables companies to focus on their important tasks at hand, rather than having to deal with the IT administrative overhead of maintaining on-premise ERP software.
Is Cloud-Based ERP Software Right for Your Business?
Choosing an ERP software has a huge impact on your business and how it will perform over the next few years. Transform your company by choosing the ERP software that is right for your company.
One of the greatest features of Cloud-based ERP software is its flexibility. To make the transition as smooth as possible for your company, Acumatica offers industry specific editions. An ERP software tailored to your business will accelerate your return on investment and decrease the time spent training employees because the features needed are already built in.
To help you benefit from Acumatica cloud-based ERP software, our experts will be there with you, every step of the way, to provide you with guidance and support. At Bakerfield Solutions, we are equipped to assist you with your cloud technology migration while you focus on what’s really important, growing your business.
If you would like to learn more about cloud based ERP software or to schedule a free Acumatica demo, contact our team today!