The early bird catches the worm, and for businesses wishing to reap the many benefits of cloud ERP integration, the sooner the integration, the better especially if their existing solution has reached the end of its development lifecycle, says Ian Robertson is the sales and marketing director of BrightBridge
But with the maelstrom of ongoing challenges faced by companies in a pandemic-driven era, why the rush? While adopting such a solution may not feel like something to prioritise, the right cloud ERP support could make the way forward a whole lot simpler for any business. Here, we’ll explore the benefits in more detail, and how adoption at the right time could help your business come out on top.
Out with the out-of-date, in with the new
Whether you’re a fledgling start-up looking to harness the latest solution, a more established firm that has outgrown their old software, or are utilising a system that has reached its end of life, migrating to the right cloud ERP platform can help to ensure the seamless running of a business. With the right app choices, solution design and implementation partner, enhanced productivity among teams can be easily achieved.
Migration from on-premises systems where everything from server requirements to maintenance costs are a burden can also free up organisations financially. In a hybrid working world where functionality is everything, a cloud ERP platform is both easy to navigate and offers enhanced accessibility, enabling more fluid workflows wherever and however employees happen to be working.
Out-of-date solutions, while fit for purpose once upon a time, can ultimately threaten to hinder business growth altogether by derailing key processes and reducing productivity. Migration from outdated, unsupported solutions such as Sage 500 and Sage 1000 can prove a real cost-saver for businesses; whether that be providing always-on access to crucial records, or ensuring teams are working from the latest version driving further efficiencies through automatic updates.
In a world where security is paramount, software out of its development lifecycle presents a real risk to an organisation, leaving it more vulnerable as time passes. A cloud ERP solution ensures data remains watertight, with breaches (costing a small fortune to resolve) a thing of the past.
Early adoption benefits
For global businesses seeking to stay ahead of the curve and work smarter by means of a powerful financial accounting solution the benefits of moving to cloud ERP are clear. Oracle NetSuite was the perfect fit for the fast-growing FinTech, OpenPayd; early implementation was a cost-efficient and fast process, allowed the founders to focus on business rather than admin and helped to facilitate reaching their growth targets.
A real-time, 360-degree view enables the business to make more informed decisions, accelerating the ability to act on key learnings and grow swiftly and globally as a result, and complete automation of the company’s finance function gives peace of mind. For an agile solution that grows with the needs of your business, here’s why early adoption could really pay off in the long term.
Making time – By using a cloud ERP solution, firms can cut back on time-sapping manual tasks holding them back so as to channel their energy and efforts into strategy and customer needs. Similarly, through a combination of real-time performance tracking, powerful analytics and bespoke, real-time reports, agile decision-making helps leaders drive improvements at an even swifter pace.
For organisations operating on a global scale (and on different time zones), features like a multi-language user interface and multi-currency management can also prove a huge time saver for those previously faced with such constraints.
Saving money – With healthy cashflow a priority now more than ever before, businesses wishing to avoid a hefty price tag can rest assured with cloud ERP software. Adopting a solution like Oracle NetSuite means businesses pay only for what they need during the early set-up phase, substantially reducing the initial outlay as a result.
With little to no reliance on hardware and maintenance costs or the need to depend on internal IT departments overall implementation fees are also reduced. With bigger savings made possible through prompt adoption, total cost of ownership (TCO) is also significantly lower when compared with on-premises software.
Facilitating growth – When it comes to cloud ERP software, business agility is front and centre for companies seeking to invest in a solution that grows with them but gives them the tools and insight to proactively pursue growth. For those pivoting their offering such as the swift introduction of online sales or expanding into a new country, solutions like Oracle NetSuite can be deployed to adjust entire business frameworks overnight, with the ability to seamlessly scale to an omnichannel model.
With the early adoption of a cloud ERP solution, not only can businesses expect to drive further efficiencies, but also reach growth targets thanks to having one version of the truth that highlights opportunities. Maybe it’s the right time for your business to realise its full potential?
The author is Ian Robertson is the sales and marketing director of BrightBridge.
About the author
Ian Robertson is the sales and marketing director of BrightBridge, a UK-based technology consultancy offering Oracle NetSuite and Microsoft Dynamics 365 solutions. Ian has over 30 years of experience in ERP and CRM implementations. Prior to forming BrightBridge, Ian worked for a major US IT corporation, where he acquired a depth of knowledge around time saving efficiencies through technological integration automation.
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