Rise And Progress of Cloud ERP in 2018!
Published On - August 27, 2018
From On-premise to cloud, ERP has come along a lot!
While most businesses are discovering that legacy enterprise systems can’t meet up to the modern security needs or new advanced processes, cloud ERP is responding to their concerns.
Beyond the on-premise systems, ERP developers are now surfacing new software that is coupled with a range of cloud-based options. Odoo developers are also among them. With a platform like Odoo, they are re-architecturing their major ERP model to support on-premise as well as cloud ERP systems. We, at GetAProgrammer, a time-worn applications and software development firm too houses a team of talented Odoo developers in Sydney who have started on with Cloud deployment of the ERP systems.
So, while ERP is at the heart of every business fostering a new growth, now Cloud-based ERP is on the rise. And, we too are gearing up our ERP software development team with the picking-up trend of cloud systems!
But, what’s made us think that cloud ERP is the future?
Well, here’s one evident answer.
“Global Cloud-based ERP Market Expected to Reach $32,184 Million by 2023”– according to the Allied Market Research.
Image Source: reuters.com
Considering the potential of a cloud-based system which is about making the businesses faster, highly scalable and smart, more and more companies are now moving to cloud ERP!
While there’s no doubt that ERP software is the must-have application for every enterprise, irrespective of the scale or size, the cloud deployment model might not be the right thing for every enterprise. When it is about getting the right Enterprise Resource Planning or ERP software, businesses think about the deployment first.
Reasons why cloud ERP adoption is increasing in 2018 and it is expected to reign in the future.
Built for any size/type of business
While all the legacy on-premise software of ERP are mostly expensive for mid-level and small-scale enterprise owing to all the costs of development and deployment, cloud systems have broken that constraint.
With a unique solution like Odoo that encompasses all kind of enterprise apps, even a small company can now leverage a proven, advanced and avant-garde ERP software. Cloud-based systems offer them immense flexibility when it is about adding up a new functionality, new users or modifying any feature for some altered business needs. So, they can easily put in new functions as their business grows.
A cloud ERP system benefits the small and mid-size businesses in other innumerable ways. Without the upfront expenses needed for hardware installations and maintenance, they can enjoy every ERP function, from managing purchases, supply-chain, inventory to product lifecycle, HR and accounting.
Three key driving factors
While there are many advantages of deploying the cloud ERP, but what’s mainly driving it are the three factors that are uncovered in an Aberdeen Survey.
- Doubling of the savings by reducing Opex (Operational expenses)
- 3 times improvement in the time of decision-making
- Doubling of the profitability
So, amidst the ever-rising competition of businesses that is resulting in economic uncertainties, your enterprise needs to be forward-thinking, agile and versatile enough to embrace all the challenges that come your way. Cloud ERP gives you true power to do that!
Momentum for cloud systems is rising
While more than half of large enterprises have already started implementing cloud ERP because it offers more scalability and reliability, all other small and mid-scale businesses will soon embark on the same path.
The reason a lot of companies are displeased with on-premises systems and moving to cloud is the confusion regarding which vendor to choose for buying the software. And, in the end, it may turn up to a great functional app but just not competent to meet the specific needs of their business. Customising it later is expensive and that might take time leading the company to a bad phase. On the contrary, cloud ERP service providers or vendors allow the businesses to easily extend their application suite without making any changes in the code.
As of now, the market of cloud ERP is seeing an overwhelming adoption rate by the retail manufacturing, healthcare and education organisations. In addition to this, the growing adoption by SMBs is also a key driver of cloud-based services in the ERP market.
Cloud-based systems break the communication barriers
By providing access to the real-time information and facilitating communication, the cloud ERP systems are breaking down all the barriers that existed between different departments, members or executives and externally between the customers and customer services team. This automatically removes all the frictions in the organisation’s workflow that slowed it down. Interactive Dashboards and automated updates on supply-chain mechanisms are two prominent examples of cloud tools that are helping companies to get real-time data to stay aware of what’s happening around. Cloud-based ERP combine these kinds of tools together that facilitates the core operations within an organisation.
Even after the revelation of the facts that made cloud ERP more preferred these days over the legacy enterprise software, getting cloud may not be the right decision for every business.
In other words, you need to find it out first whether the Cloud ERP system is ideal for your business. Here’s a quick checklist for that.
- Whether your business process demands a heavily customised ERP system?
If the answer is yes, then there’s no need to think twice about contacting a cloud ERP vendor or an Odoo partner and deploying a cloud solution. Because, there is nothing more flexible than it.
- Are your running short of your budget?
The budget of a business gives an answer to their need for a cloud ERP! If they run short on the capital, then the cloud option is always the best as it is affordable. It can even be deployed with some basic or standard requirements, and can be later integrated with more functional modules.
- What is the number of members of your organisation who will use?
A cloud-based ERP will definitely be great for the smaller number of users instead of a complicated IT based on-premise model. Besides, cloud-based are scalable, and hence you can extend it as your business grows and users increase.
- Is your data highly sensitive?
If you are too much apprehensive about the privacy of your data as they are too sensitive, Cloud-based ERP system will add to your apprehensions. This is because things are stored on a cloud platform instead of your own system.
However, if all the above criteria go with the opinion of deploying a cloud ERP in your enterprise, then no need to worry. Cloud ERP service providers including Odoo development services follow the best security practices and offer top-notch security to their clients.
Concluding remarks!
It is clear that cloud ERP is on the rise! While the entry of cloud-based ERP model is observed years before, it got hyped up over the time because of its potential to serve the small and medium businesses, lowering their operational expenses as well as capital expenditures.
If you want it to pace up your operations and take your business to a faster path of growth, then it’s better to get an ERP or Odoo consultant first, discuss your needs and get your own custom cloud solution.
To know about the latest Odoo cloud platform, Odoo.sh, have a look at our latest blog:
“ODOO.SH: The All-new Fullstack Platform For ERP”
