All signs are now pointing to the fact that the future of ERP is in the cloud. For reasons of cost control and agileness, large organizations are looking to move their ERP systems to the cloud. ERP in the cloud now allows midsize organizations to take advantage of a technology that until now has been cost prohibitive. ERPs future in the cloud is evident in the following four signs:
1. Large organizations are making the move.
While essential to business, ERP has notoriously been a deterrent to innovation and business agility. In order to support new buyers, channels, services, billing, KPIs, and skills, Fortune 1000 companies are recognizing the need to offer highly resilient environments that are agile and can be accessed from anywhere. In that same light, organizations with decades old ERP systems are recognizing the need to migrate to an ERP system that meets modern digital business models.
2. Cloud deployments make ERP accessible to small and mid-sized businesses.
The traditional users of ERP software were large enterprises. The software was not only costly but also difficult to deploy and integrate into business operations, making it hard to justify. As a result, mid-size organizations relied on a jury-rigged process using spreadsheets, ledger applications, and manual reporting. With cloud-based ERP, the difficulty in deploying, supporting and maintaining the technology are greatly reduced and SMB organizations can now benefit from the technology.
3. Cloud ERP integrates with other cloud applications.
Although ERP packages provide comprehensive functionality, organizations have a need to integrate the solution with other enterprise applications. The cloud enables ERP to more easily talk with the other cloud-based applications, enabling organizations to streamline business processes. For example, Oracle ERP offers a complete cloud-based platform that easily pairs with Oracle HCM Cloud and other apps so that organizations support their entire operation.
4. Cloud ERP lets companies keep up-to-date without applying patches.
Legacy systems are difficult and time consuming to patch and therefore become a low priority. These unpatched systems are a big vulnerability and leave an organization exposed to threats. With ERP in the cloud, organizations no longer need to make sure they are up to date with the latest fixes; the cloud ERP provider ensures the application is always on a stable, supported and patched version. The IT team is freed up to work on activities that have a higher value to the business.
ERP in the Cloud
Modern organizations want solutions with power and simplicity. Traditional ERP, has a reputation as difficult to implement, hard to integrate and maintain, and has been associated with cost overruns leaving organizations hesitant to adopt. The move to the cloud has enabled greater adoption of ERP for SMBs and a more productive ERP environment for the enterprise.
In the beginning, ERP solution providers in the cloud produced a number of point solutions that resulted in multiple applications with separate workflows, databases, user interfaces and tools – the opposite of simplicity. Now, many ERP cloud solutions take a single platform approach so that individual departments choose the application that not only works for them but also fits into the overall strategy.
ERP in the cloud can streamline your business processes from financials, procurement, portfolio management, accounting, revenue and risk management and others, so that you can increase productivity, lower costs and improve controls.
ERP Expertise in the Cloud
Because ERP packages are complex, the decision to migrate to ERP services in the cloud is also complex. Partnering with an ERP managed provider like OneNeck® IT Solutions provides significant benefits and can ensure that your ERP system does precisely what you need it to do all day, every day.
OneNeck® IT Solutions is a leading ERP hosting and application management provider to mid-market companies. We support most major ERP applications including Microsoft Dynamics AX, SAP and Oracle E-Business Suite. Our promise is to provide a single point of accountability for your ERP infrastructure. For many of our customers, we are the sole organization responsible for managing their entire Enterprise Application Environment.