In the past, the best business technologies have been reserved for only the largest companies. A small business, for example, can’t afford a high-tech assembly line or hundreds of employees to facilitate quick growth.
This is changing, however, as more products and services move onto the web. Since cloud technologies require relatively little infrastructure, they are allowing more businesses to become competitive. Here are four things your small business is missing without cloud ERP software to boost its game.
Small Businesses Can Scale Quicker Than Ever
Cloud ERP software is one of the most effective tools for small business owners trying to grow their companies. This is because cloud ERP allows for fluid scaling on a level that has never been possible before. In the past, business assets have been highly physical. Buildings, machinery, hardware—the list goes on.
Depending on the industry, many businesses today still require these material objects. Cloud ERP software, however, allows for small businesses to only use small amounts of services that otherwise could be too costly. This can also save money for seasonal businesses that only need to utilize services during certain times of the year. For more information checkout the TEC 2019 Cloud ERP Buyer’s Guide for SMBs.
Cloud Computing Allows Universal Access
Small business ERP software also allows companies to enjoy the benefit of location flexibility. There are many reasons why this is a powerful tool for small businesses. The most obvious of these advantages is being able to work from anywhere there’s Internet.
Any device that can access the Internet can also access your company’s cloud ERP. Small businesses can ditch the need for a physical location since all workers can operate remotely. This feature also is extremely useful for companies that need field workers.
Cloud ERP keeps them seamlessly connected at a job site.
You Can Save Money with Cloud ERP Software
Saving money is always important to businesses, no matter their size. But especially for small businesses, which inherently have less capital, resource allocation is critical to long-term viability and growth. Cloud ERP software can provide small businesses with a wealth of money-saving opportunities.
One way cloud ERP can reduce costs is by automating certain tasks. This is most prevalent in the payroll and accounting departments.
Comprehensive cloud ERP software can perform repeating tasks in these areas without committing errors. Not only are mistakes mitigated, cloud ERP keeps your company compliant by automatically updating protocol to satisfy regulations.
Cloud ERP software also saves small businesses money because they don’t need to purchase hardware to build a local server or hire an IT staff to run it.
Back-end security issues are handled by the ERP provider. This reduces upfront costs and the long-term costs related to system maintenance and employee payroll.
Cloud ERP Is More Secure Than a Local Server
For a long time people have been living with the assumption that things are less safe stored on the Internet. This fear is exacerbated by news stories about data breaches. Contrary to popular belief, it’s actually safer to store information on cloud ERP than on a local server.
You don’t want your small business’s critical information to be available to hackers. Neither do the companies that provide cloud ERP services.
It’s in their interest to keep client information discreet. In order to do this, they hire top data security talent to keep their systems free of vulnerabilities. Users also typically have to create individual accounts in order to access information secured on the cloud.
This ensures that access is only granted to those who have proper credentials.
Running a small business can often feel like an uphill battle when there are so many competitors with more money and better resources. Cloud ERP software can help level the playing field, so small businesses can thrive in the modern economy.