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
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.
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.