Reasons Why Cloud Based ERP Solutions Have Higher ROI
Cloud based ERP solutions have been adopted by companies operating across various sectors. Although there are many factors that have contributed to the success of cloud-based ERP but one of the main reasons has been that it has given a higher Return on Investment (ROI) for the company. Before the cloud solution, the companies had to invest heavily on the staff and infrastructure for their on-premise ERP solution.
Cloud Based ERP solutions like the SAP Business One have been in vogue as it has managed to offer solutions to the challenges of on-premise ERP solutions which had caused inefficiency and high cost. Access to the real-time data, use of web-based applications, scalability features, and data storage capability have massively popularized the Cloud ERP solutions.
Let’s discuss some of the reasons why the cloud based ERP solutions offer higher ROI
- For the smaller enterprises who have tight budgets, In Premise ERP solution would have meant deployment of more IT professionals, infrastructure spending and therefore taking up Cloud Based ERP solution which offers all the features and at lower cost definitely helped them in reducing cost
- In a Clouds Based ERP solution, you can use the feature that really wants to use and also pay accordingly, also you can upgrade or downgrade the features as per your need.
- On-Premise ERP solutions find it difficult to grow with the growing business whereas the cloud-based ERP solution offer a better proposition that can keep pace with the increased demand of a growing business
- You can all the departments like the finance, accounts, sales, distribution, plants, and others interconnected with the help of a cloud-based ERP solution. This helps each of the departments have information on the tasks at other places and also the management can have data on the status of projects and other critical information to take informed decisions.
- Cloud-based ERP solution offers high-end business analytics tools that offer incisive information that can be used by the management of the company in taking decisions that are critical for the future of the business.
- One of the most beneficial features of Cloud-Based ERP solution is Data Mobility that is the employees can have access to data from anywhere anytime and on any device, this is crucial in today’s world where data has to be used at any time for taking quick decisions.
- Cloud-Based ERP solutions have instilled confidence in the smaller enterprises and created a sort of level playing field where they can compete with the larger players as now they increased efficiency and control over their costs.
With Small and Medium manufacturing companies, the finances are in tight supply. SAP B1 provides a perfect ERP solution that can help them get the reports instantly, processes streamlined and integrated, also it is an option that is available within their budget. If you are growing, then do not worry that you have to implement new software as SAP B1 is highly scalable.