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How Cloud ERP can be beneficial for Small and Medium Business Enterprise

Cloud computing is among the most revolutionary changes in IT and ICT. Looking at the global business trends and market, an ERP (Enterprise Resource Planning) is what the customer needs for efficient functioning and growth of companies of all sizes, including the small and mid-sized ones too. The three major ERP strategies include hosting,on-premise, and SaaS. SMEs(Small and Medium Scale Enterprises) are crucial for the growth of any economy. These companies adopt cloud based ERP systems for the efficient running of an organization.

The economy worldwide is shaky, doing great at some times and doing awfully bad at other times. The Indian economy, however, is going steady and growing rapidly. It is making remarkable progress, especially in the fields of IT, Manufacturing, Retail,Pharma, Textile, Service sectors, etc.SMEs have the ability to amplify into core sectors.

However, despite the enthusiasm and capacities, SMEs in India take much longer to grow than elsewhere. Some of the reason that happen is because of the lack of funds, technological out-dated, inefficient supply management,increased global and domestic competition, constant change in manufacturing-related strategies, wavering economic scenarios, and so on.

But thanks to the evolution of the recent, efficient ERP systems in the market, it is become easier and simpler for SMEs to function. The ability to centralize and integrate individual departments and sections is an important feature that is now made available. This feature alone makes the ERP an in-demand tool for all Small and Medium Enterprises.

While medium and big sized companies can afford the ERP in spite of its high installation and maintenance cost, small companies opt for the ERP in Saas, and that is most often the best solution.

Some of the major benefits of cloud ERP are:

Customer Relationship Management:

The ERP offers regular customer data, allowing companies to manage activities from pre-sales to post-sales processes, customer service, success stories and trends, problems, opportunities, etc.

Manufacturing Resource Planning:

The ERP Resource Planning module allows the software to plan, execute and maintain everything. This cloud based ERP determines the amount of operation planning, sales,resource planning, and product demand. It then generates a mass production schedule.

Governance Compliance&Risk:

The success of an organization has a direct bearing on the wavering global, domestic, and immediate regional economic trends. The cloud based ERP solution enables process control and the necessary framework to govern the mitigating risks.This helps to ensure compliance with regulations and other requirements that have an enterprise level visibility.

Administration & Security:

The cloud ERP enables the front desk department / people to efficiently perform multiple and a variety of tasks time effectively. The activities could include receiving a call or courier, greeting an interviewee or client visitor, answering queries raised by employees and non-employees. This automated and easy administration also allows to ensure the security of your organization, holistically.

Management of Funds & other Finances:

Irrespective of the size of your business, the location – whether global or local,the cloud ERP funds and financial management module is closely connected to an organization’s every business need. It assists activities like reporting,accounting, and expense management.

These are only some of the ways that cloud ERP can be beneficial for small and medium business enterprise. There are so many other benefits. But until I share those with you, the next time, goodbye and take care.

Team Intellika

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