Enterprise Resource Planning (ERP) Software is designed to integrate and streamline your business’s main activities to increase efficiencies.  In today’s ever changing business environment, having an ERP system is becoming a necessity rather than a luxury, particularly for fast growing and dynamic companies.

While some companies think ERP software is too expensive or too difficult to manage, that’s not necessarily the case. Cloud ERP is becoming increasingly popular amongst midsize businesses as it can provide greater flexibility and lower entry costs than on-premise ERP systems.

Here are the 4 key advantages of cloud ERP:

1. Less Upfront Outlay

With a Cloud ERP, or Software as a Service (SaaS), all your data is stored in the cloud, so there are no complex or expensive servers to manage, reducing your IT overheads. Unlike on-premise systems where there are generally large upfront costs, cloud software is usually provided on a subscription basis, either monthly or annually. The straightforward pricing options means less upfront outlay for your business, and allows you to better plan and manage your expenses throughout the year.

2. Greater Flexibility

Cloud ERP’s are designed to help businesses be more flexible by working online. Working from any device, all you need is a web browser and internet connection to access real time information, wherever and whenever you want. This means you have the ability to make good business decisions no matter where you’re working from. You can also share data easily across locations and departments, increasing efficiencies and the opportunity for collaboration amongst staff.

3. Scalability

A key advantage of cloud ERP is the ability to easily scale the solution as your business needs change. Cloud ERP’s are designed to grow with your business, allowing you to add new features or users without the hassle of maintaining or replacing on-premise hardware. This means there’s no need to pay for features you don’t yet use, but can easily scale up as you grow, making it a good fit for fast growing businesses. 

4. Fast and Secure

The perception that the cloud is less secure than on-premise options is actually a myth. Cloud ERP data centres are hosted and maintained by the best-of-the-best in world class hosting environments, whose sole purpose is to ensure your data is easily accessible, fast, and secure. These data centres back-up and store your data in multiple places to make sure nothing gets lost.

Cloud ERP providers MYOB have partnered with Amazon’s data centre in Sydney to offer you the most secure best-in-class, high availability experience. This partnership ensures that your data is stored locally and protected using the latest technology.

If you’re a growing business in need of an ERP software solution that can grow with you, we can help. MYOB Advanced is intelligent, cloud based software designed to take care of everything you need both now and in the future. Contact us to learn how MYOB Advanced sets up your business for success.