We found that not everyone loves to read the full blog content, and so we bring up a few questions here regarding moving your ERP; you can read the content if any of the below question relate to your problem?
1) When should an organization plan to move its ERP to the cloud? You can read strategic reasons in the blog.
2) What are the benefits of moving to the cloud? And read the opportunities!
3) What is the process of migrating to the cloud?
4) How do you choose the cloud-based ERP?
5) Why don’t some companies move to the cloud? What are the apprehensions?
6) Challenges with moving to the cloud
7) How to choose the company to help with moving to the cloud?
The Pandemic has led businesses to reevaluate their choices.
From identifying new opportunities to creating new strategies for better business growth, there is a lot to consider at this point.
To survive the changing times, the companies need to transform their business lines and think about change. Agility and easy scalability happen to be the biggest obstacles for businesses, especially with remote working being the core plan.
Housing an ERP solution has become imminent, as it helps streamline processes and safeguard your systems. However, having an on-premise conventional ERP system means you are still rooted in the same place.
It is time to shift to the Cloud to make it mobile and accessible. It will also help improve efficiency.
We will discuss the strategic reasons behind the shift and the benefits associated as part of this guide.
Reasons to Move to the Cloud
#1 Boosts Enterprise-level Visibility
As the critical decision-maker, you should stay alert at all times. Whether it is the shop-floor level or the top-management level, you should know how things are proceeding.
If you are a nation-wide company or someone operating across the globe, you need to have your eyes spread wide.
It is not possible with traditional systems. However, when you move to the Cloud, you can match your footsteps with your footprints.
You can gauge what's happening where with a single dashboard. This visibility allows you to make decisions in real-time and improve enterprise-level insights.
With growing complexity in the businesses and supply chain distribution taking center stage, this visibility helps phenomenally.
#2 Increases Business Agility
When you are a large business with complex processes, your response rate can go down. You don't stay in the know-how regarding the business landscape and the changes happening therein.
Despite the massive transformation, your business remains unmoved because of the conventional systems.
When you move to the Cloud, you will know precisely what is happening in real-time. The accessibility of the systems, even on-the-go allows you to respond faster. You can reply to changing business scenarios flexibly. If you need to adapt new financial or supply chain systems, it will be more feasible.
You can identify new business requirements and transform the systems accordingly.
#3 Integrates all Processes Seamlessly
Disconnected conventional ERP solutions can make planning and forecasting difficult. With the Pandemic, this has become a challenging issue.
However, if all the processes such as finance & operations and planning are integrated, the data stays within the system.
It becomes easier to access data from across the years without interrupting the existing processes.
Apart from that, the data is not placed on a vast and complicated spreadsheet. You will get your numbers as you want and just the information that you want.
Accuracy, modeling, and even simple insight building have been made easy with this integration. Cloud has not only resolved your decision-making difficulties but also promises to be efficient and insightful towards forecasting.
#4 Use Efficient Systems
When operating in the Cloud, it becomes easy to integrate 3rd party systems with your ERP data. When you work with conventional data systems, you need to perform manual analysis.
However, the cloud-based ERP solution drives system analysis that is automatic and accurate.
You don't need to work on the data to analyze it; you get the research and build insights for successful forecasting.
Benefits of Moving to the Cloud
• It is cost-effective: You invest in the pay-as-you-use model. Hence, your costs substantially lower down if you are not using most of the add-ons. You don't invest in any infrastructure. The overhead cost is zero.
• It allows easy accessibility: With remote working being the norm of the year, cloud ERP solutions will enable you to access the process data anytime, anywhere. You can download your sales figures, know where your field agents are, and other details while on-the-go. It makes up for easy analysis and quicker decisions.• It comes with low maintenance: With traditional systems, you had to manage all the core and complex tasks and maintain the designs. However, that is not true of cloud ERP solutions. As a result, your IT team is free to handle core tasks, which require a lot of time. The Cloud will manage and maintain your processes with ease.• It offers disaster recovery: If your traditional system breaks down, it takes down all the data backup too. Unless you're backing up the data, the system will lose a lot of current data. However, Cloud ensures that you don't have to backup data regularly. It does it for you automatically. There is a robust backup solution that comes with every cloud-based ERP solution.
Challenges of Moving to the Cloud
There are undoubtedly evident and unavoidable challenges associated with moving to the Cloud.
1) Lack of experts or people who can help with moving to the Cloud2) IT team can facilitate proper governance or regulations to use during the move to the Cloud. The inefficient control/regulations can lead to issues during the move.3) Security concerns regarding the Cloud can be challenging. If there is no planning revolving around the security issues, your move to the Cloud can lead to hackers and cybercriminals.4) Scaling while matching the performance needs poses to be a challenge for the companies. How will you ensure that your company does not hinder the performance during expansion in the Cloud?
The move to the cloud will facilitate a real-time view of your business processes. With the insights available in real-time, you can immediately make critical decisions and respond to emergencies with better information. As a result, you will take the necessary steps to keep up with the current business scenario and adapt to changing business requirements. It helps you improve your business and enhance your processes to better the customer experience and employee engagement.