By now all companies are aware of the advantages of getting internal and front end processes linked with an ERP system. The next change or evolution that has come about is in providing cloud based applications. When one installs an ERP system in an organization, it usually means investing in appropriate hardware, network, servers, firewalls and storage devices. For companies that have just started operations or work with limited resources, investing in such a setup becomes next to impossible. The solution that comes to them is in the form of cloud based ERP systems.
Old versus newWhile large companies have invested in considerable systems and infrastructure to get a comprehensive ERP system in place, many modern companies do not have space or resources to get such a setup done. Hence, the modern ERP solutions including all processes and modules like leave HRMS system come as a convenient cloud based applications. The properties of such systems remain the same, but with a major difference – the data, databases, software and networks need not take up physical space or setup in office premises. They are all based on virtual cloud applications or environment that does not need physical space or infrastructure in the client organization.
Advantages of cloud based applicationsThe online advantage gets extended to cloud based ERP systems. When ERP for an organization is on a cloud application, modules of the system such as payroll software in Singapore and others become available and accessible all the time. With advanced security settings and connections offered even through mobile apps, people with authorization can access related modules even on the go. As a result, it becomes possible to access reports, update data from remote locations and even have an interconnection between different office locations. Modules can be set up in different offices and connected for data upload, report generation and other functions through an online and secure network system.
Customer relationship management modules also offer advantages that are distinct and superior though such applications. With live ERP system and functions on the cloud, CRM solutions can be prompted and live 24/7. Hence, customer support can be more prompt and responsive with a cloud based ERP system. Coordination between different functions like sales and marketing or finance becomes faster and easier through cloud based systems. It also helps a business to function in a lean manner without having to make major IT investments, especially in infrastructure. ERP systems on the cloud also allow customers to scale up and add on functions and modules as per growing needs.