BUSINESS MANAGEMENT SOFTWARE
The value of Cloud ERP to your business
The Cloud is particularly valuable to medium-sized businesses because it can provide access to ERP at a reasonable price without a substantial upfront expenditure for hardware and software.
Discover the key benefits of moving to the cloud.
Upsides to the cloud
Chances are that you already know the benefits of Enterprise Resource Planning (ERP) software. By pulling all of your information into one system, an ERP system basically allows you to automate and improve processes across your business.
In the past, the process of having an ERP was very different and much more expensive than it is today. For example, purchasing an ERP system for your business meant purchasing an expensive product, and then buying licenses outright, which needed to be renewed each year. You also had to pay for implementing the solution and installing the solution on an internal server. To access the software, your team members had to be connected to the server – so they had to be on site.
Let’s bring it back to the now. Cloud software is everywhere these days, and it’s only natural that ERP solutions followed suit. A cloud ERP system is hosted by the provider instead. Businesses pay an ongoing subscription cost, then access the software from any internet-capable device. The benefits are clear. No more technical costs of hosting, security thanks to cloud backups and increased accessibility for your team. But that’s just the beginning. Cloud ERP comes with a number of benefits that place you ahead of the competition.
Accessible from anywhere
Rather than being tied to the office, cloud hosting lets your team access your ERP system from any internet-connected device. As flexible working becomes the norm, this has become mission-critical functionality.
If you need to rapidly scale up to meet seasonal demand or take growth opportunities, cloud ERP is a must-have. It lets you add users instantly without any loss of performance, where onpremises hosting means you are limited by the size and capacity of your server. Even if you are not dealing with lumpy demand, or rapid growth, establishing cloud ERP now means you’ve future proofed your business -the software scales when your business does.
Less downtime + faster disaster recover
Good cloud software is backed by a team and processes dedicated to keeping it up and running. It will often have far more built-in redundancy and consistent backups than most on-site servers. That means you avoid catastrophic loss of data, significantly reduce downtime and get back up and running if disaster strikes.
Automatic upgrades and bug fixes
As time and technology move on, using up-to-date software is crucial to your success. With cloud ERP, upgrades happen automatically, usually within your monthly subscription. This means you are always getting the full benefit of the platform.
While some high-performance servers can deliver exceptional speed, most businesses cannot afford to regularly update and maintain such equipment. It means cloud systems are the better option and far faster to use.
No expensive equipment and upkeep costs
While on-site hosting does have some upsides, there is no denying it’s the more expensive option. On top of the upfront cost of buying a software license, you will also need a server and pay to have it set up, and then regularly maintained, upgraded and backed up. After a few years, you may need to invest more money to buy software upgrades. Cloud software eliminates those expenses. Rather than paying upfront for the license, you will generally pay a subscription fee, which will include hosting and upgrades.
Moving to the cloud
If COVID-19 has taught us anything, it’s that businesses need to be agile and flexible enough to rapidly respond to any disasters that may come in the future. For us in Australia, this has given rise to the work-from-home workforce – which has been facilitated by cloud technology. Even today, the majority of people are only going into offices a few days a week. Employees demand a better work / life balance, and cloud technology affords them that.
So whether you are looking to get more mobile or support your fast growth, moving to the cloud could be your next step in your business growth trajectory. A cloud ERP solution will significantly reduce your upfront and ongoing costs compared with on-premise systems, while improving access, scalability, security and speed.
This is where MYOB Advanced steps in. An end-to-end ERP solution that gives you everything you need to manage your business in a single cloud platform – with the ability to scale up as your business grows. It’s designed to give your business the tools needed to succeed in a fast-pace, rapidly evolving world.
We have trust in the MYOB brand and as it turned out their Advanced solution really did have everything we needed.
The functionality of MYOB Advanced met our many needs including customer special pricing, advanced stock management, a customer portal as well as CRM.