Why cloud ERPs are becoming the new norm

In recent years, the cloud has dramatically altered the way in which modern companies are conducting business. It’s a strategic investment many businesses are choosing to capitalise on and according to the latest statistics, it’s an investment the majority of businesses are likely to exploit in the next 3-5 years.

The study below conducted by MYOB shows more than 55% of ANZ businesses in the industries of financial management, wholesale distribution, service management, manufacturing and job costing/projects, are likely or extremely likely to switch to a cloud ERP in the next 3-5 years.

Moving to the cloud brings enormous benefits when it comes to scalability, accessibility and value. 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. The cloud offers a long-term solution as your business needs change.  

The accessibility cloud provides is second to none and forward-thinking businesses view the cloud as an opportunity to increase productivity, flexibility and agility. Cloud-based services can be securely accessed from almost any device, anywhere at any time. This means the ability to access vital reports and data to make sound business decisions no matter where you’re working from. The cloud allows for a mobile workforce, meaning employees can work from when and wherever required. It delivers enhanced flexibility and creates opportunities to grant staff more flexible working hours ensuring they remain productive. Sharing data easily across locations and departments also increases efficiencies and enhances opportunities for collaboration. 

The value gained by a Cloud ERP like MYOB Advanced is considerably beneficial in terms of less upfront costs and reduced IT overheads. With a Software as a service (SaaS), cloud ERP like MYOB Advanced, software is usually provided on a monthly subscription. The lower initial investment means that businesses can benefit from the essential insights and functionality of an ERP system without paying in full upfront. On-premise ERP solutions also require costs associated with building, maintaining and securing your data centre. With a cloud ERP all your data is stored in the cloud, therefore there are no disruptive or expensive servers to manage, reducing your IT overheads.  

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. 

The cloud is powerful, fast and secure, essential if your business needs a competitive advantage. An investment in the cloud is an investment in the future growth and prosperity of your business. Although moving to the cloud might not be a priority for your businesses at present, it is an important consideration in the future. The long-lasting rewards cloud generates will leave your business prepared to capitalise on the vast opportunities of the digital era which will only continue to grow.   

If you are interested in learning more about the powers of a cloud ERP or are considering making an investment in an ERP, contact Momentum Software Solutions today for a free no-obligation chat about how we can take your business to the next level!