We are already a year into the COVID-19 crisis and today, no industry is aloof from its impact. Since the pandemic hit, organizations have been facing challenges in terms of continuing operations and adjusting the way they worked. Those leveraging cloud-based software like ERP to run business had a significant advantage as it allowed them to remotely connect with business in today’s context where social distancing has become the new norm. Though the transition to cloud computing existed before COVID-19 given its proven value, it has become more evident as to how working in the cloud can empower organizations to adapt to changing business environments. As the pandemic continues, businesses that have been slow to adopt the next generation ERP with cloud features might find it all the more difficult to continue operating seamlessly in today’s difficult and uncertain times. Cloud-based ERP has a clear advantage over traditional ERP that makes data only accessible in the office in context where remote working has become critical to business with people forced to abide by stay-at-home order to help mitigate the spread of the Coronavirus.
Is your business equipped to survive the challenges of the COVID-19 crisis?
ERP software exists to interlink critical business process and enable data flow between them. The existence of centralized database means there is no need of double data entry resulting into a single source of truth that business owners can rely on to make informed business decisions. Unlike ERP hosted on servers, cloud ERP enables remote working allowing you to access data and run business with no location barrier. The cloud native features also make these applications compatible to run on any device which increases its convenience for users. Cloud ERP offers low-cost entry with monthly or annual subscription plan compared to hefty upfront investment incurred with perpetual license that needs additional funding in hardware and infrastructure which can be redirected to support other areas of business in pandemic. This is a big boost for companies that are under pressure to lower operational cost and improve revenue in the period of economic slowdown. The implementation of cloud ERP is lot quicker than on-premises ERP system, so businesses are well positioned to respond to uncertain times as COVID-19 in the least time possible. Cloud ERP also requires less IT support and maintenance in-house, another factor contributing to cost savings.
In challenging times, fact-based decision-making matters the most and any inconsistency in data could prove fatal for the business. Cloud-based ERP makes a significant contribution when it comes to accelerated supply of real time data that decision makes can use to analyze effect of crisis and derive approaches to plan ahead in preparation of crisis management. Cloud ERP can readily support the automation of the business processes, workflows and approvals that can be done without the need of physical contacts while maintaining COVID preventive measures. Thus, a business flow that has to go through the approval process will not be obstructed just because the workforce is working remotely. Furthermore, remote workforce can work on files at the same time, follow up with clients, manage workload and collaborate seamlessly from different locations and remain productive while working outside of office. This agility and responsiveness would not be possible with ERP running on-premises model. With cloud ERP, you can ensure that you keep your employees safe and remain fully operational to meet customers need amid the financial uncertainty. Other benefits like opportunity to scale up and down in market volatility, data security, invoicing to customers directly from ERP system, pay-as-you-go plan, automated reporting, data backup plan etc. cannot be overlooked with cloud-based ERP.
In a nutshell, companies that have adopted cloud ERP are ahead of their counterparts in maintaining the sustainability of business operations backed by remote work in an unprecedented crisis. For businesses that have not adopted the cloud-ERP yet, now is the time to act.
Whether you are looking for migration from on-premises to cloud or new cloud deployment, DNS systems brings you a proven capability in smooth transition to reap the benefits of cloud-based ERP like SAP Business One. Contact us below to get connected now.