As a business owner, odds are you’re no stranger to cloud-based computing, also called software as a service (SaaS). This service provides access to applications designed to run on shared computing resources using the internet rather than traditional onboard computer storage. Cloud ERP is one such service that gives users access to enterprise resource planning (ERP) software online.
Cloud ERP typically costs less up-front because the computing resources used to provide it are leased on a monthly basis rather than purchased all at once and maintained on-site.
Another benefit of using Cloud ERP is the ability to always keep your software current. Since you’re accessing the software via the internet, you’ll always have access to the latest versions to ensure your business is using the most up-to-date tools at all times.
Why is this important?
If you’re running your business on outdated legacy ERP such as Sage, Microsoft Dynamics, Infor, JD Edwards, and Made2Manage software, you’ll probably be putting yourself at a disadvantage without even realizing it. The same is true if you’re working between several non-integrated applications.
Often, the decision to stick with these suboptimal ERP software applications is based on the belief that the system you already have in place is low or even no cost. However, this is a false assumption. Take a close look, and you may find rising fees for:
- Ongoing support
- Infrastructure and
- Annual maintenance
There are other costs to consider, too, such as those related to:
- Lost productivity
- Lack of security and
- Employee dissatisfaction
Why choose Cloud ERP?
Cloud ERP offers increased profitability that you might miss out on if you choose to keep the older systems in place. A modern, integrated system will provide several benefits you wouldn’t necessarily otherwise gain.
Cloud ERP gives you access to critical business applications at any time from anywhere. You also eliminate the costs of using hardware and data servers since everything is handled in the cloud. Also, since IT support is provided by the data center, those costs are significantly reduced on your end because you no longer need to employ someone to handle it in-house.
ERP implementation trends show Cloud ERP can help your company succeed due to decreased costs and an increased number of tools available at your fingertips. “95% of companies improve their processes following ERP implementation. (panorama-consulting.com)]”
The ERP market is expanding, indicating that the time has come to make the switch. “Statista forecasts that the market will be $28.8 billion in 2022, representing an 8% compound annual growth rate since 2016.”
Why choose Acumatica Cloud ERP?
Acumatica Cloud ERP gives you intelligent, scalable technology and unrivaled technical support at a price you can afford. All your data is connected and easy to access.
No more features you don’t need or can’t use. Acumatica is a flexible cloud-based service that enables all your processes to share the same data.
Access your information when you need it from anywhere so you can serve customers more quickly and efficiently. Only pay for what you use; your technology can scale right along with your business.
Finding the true cost
Is your business needlessly competing at a disadvantage? Use this handy True Cost Calculator for a quick, accurate estimate. When considering costs, ask yourself these key questions:
- What is the true cost of your existing system?
- What might it be with an industry leader such as Acumatica Cloud ERP?
Looking for an ERP solution that will take your business to the next level? i-Tech offers Acumatica Cloud ERP and can implement it for your company. You’ll receive all the support, services, and resources you need all in one place.