Organisations manage day-to-day business activities like project management, supply chain operations, and accounting with the use of enterprise resource planning or ERP, which can also include planning, budgeting, predictions, and reporting.
While enterprise resource planning has been used by organisations for decades, there has been a shift from on-premises ERP to cloud ERP. A cloud ERP system like NetSuite ERP is a system that does not need to be managed or serviced by the organisation using the cloud ERP.
Instead, the ERP software and associated data and information will be managed centrally by the software vendor. The software and information can be accessed by users and customers via a web browser.
Whether it is a cloud CRM solution or a cloud ERP system, the service provider hosts and maintains the IT infrastructure for the organisation. With software like NetSuite ERP or NetSuite CRM+, the service provider will upgrade software regularly without causing any inconvenience to the organisation.
Due to this ease of use, several companies have turned to cloud enterprise resource planning and customer relationship management. There are many benefits to making the shift from on-premises to cloud and these are the main benefits of cloud ERP.
NetSuite ERP is an option many consider when switching to a cloud ERP system and this is due to the fact that the software comes with several features. Financial management, financial planning, order management, product management, and supply chain management are some of the features organisations can use through the NetSuite ERP solution.
These features can add great value to the organisation and is a key benefit of using a cloud ERP system as these features come with the relatively low cost cloud ERP.
The reason cloud ERP costs less than on-premises ERP is because there are no operational costs and organisations will find that payment for a cloud ERP can be spread over a period of time as opposed to being an upfront payment.
One of the biggest concerns a business may have when moving to a cloud system like NetSuite ERP or NetSuite CRM+ is the time taken to install and configure the software. Installation can disrupt business operations and long installation times can negatively affect the business.
A cloud ERP system can be installed and configured in a very short time, especially if the business has prepared ahead of time. On-premises ERP or CRM installation can be more time and energy consuming, which is why businesses are often reluctant to risk productivity disruptions for the installation of enterprise resource planning or customer relationship management software.
The capacity of on-premises ERP is fixed and does not change depending on changes in the business and its volume of production. However, a business does not remain the same throughout and may expand over time. However, the organisation may find that their ERP system cannot meet the increasing demands of expansion.
A cloud e-commerce CRM or ERP system can be scaled up or down depending on the requirements of the business and plans for expansion. This is one of the key benefits of a cloud ERP and several organisations have made the shift from on-premises ERP to a cloud ERP solution with the benefits of scalability in mind.
Organisations often prefer on-premises ERP over cloud ERP because of security concerns. Many assume that on-premises software guarantee safety and security while cloud systems are vulnerable to malicious attacks. This can make businesses reluctant to shift to a cloud ERP system as they will not want to take risks with sensitive and confidential information that can be stored in the ERP system.
With the increased use of cloud systems, regulations and standards have been issued with regards to security and a software like NetSuite ERP will take extra precautions to safeguard and protect customer data. Thus, security should no longer be a concern when shifting to a cloud ERP system or a cloud CRM solution.
A cloud e-commerce CRM solution like NetSuite CRM+ or an enterprise resource planning system like NetSuite ERP can give a business room for a lot of flexibility. This comes with the remote access that is one of the key benefits of a cloud ERP system.
On-premises software limits access to those present at the site, but cloud software can be accessed from anywhere as long as the user is connected to the internet. This gives a business lots of flexibility when it comes to decision-making and data-sharing.