High-growth companies require an enterprise resource planning (ERP) system that’s able to grow with their business. According to a post on the NetSuite Blog, cloud ERP provides the flexible and scalable framework that growing businesses need, without the expense and lengthy implementation of an on-premises system.
Here’s a look at four of the top reasons you should choose a cloud ERP system to manage your business.
- It’s easy to learn: Cloud ERP systems tend to offer much of the same functionality of a bookkeeping system like QuickBooks, so there’s little need for training on functions such as batch processing. Ease of use means administrators and users don’t have to spend whole days in training classrooms to learn how to perform basic accounting processes.
- It’s easy to customize: Every business has a special way of doing things. Businesses large and small need to be able to customize their ERP systems to fit the unique flow of their business processes. With a cloud ERP solution, adding user-defined fields or additional forms is simple.
- It’s easy to integrate: Cloud ERP systems generally include more than just an accounting solution. Some solutions integrate customer relationship management (CRM), inventory and e-commerce modules into their ERP offering. It’s even easy to integrate third-party software into the cloud platform, if necessary.
- Implementations and upgrades are quick: Especially with high-growth companies, planning future ERP needs tends to be a top priority. With legacy on-premises systems, upgrades and purchases of new modules and add-ons have to be planned months (or years) in advance, and involve a long, slow upgrade process. With a cloud solution, upgrades happen overnight without your involvement. You’re always on the most up to date version of your system.
“Cloud-based ERP suites are flexible enough to be expanded on the fly and don’t require large upfront investment,” the post on the NetSuite Blog notes. “For many firms, the only restraint to growth is the ability of their ERP system to support it, and waiting for months for an upgrade is no longer considered a necessary evil.”
For high-growth companies expanding beyond QuickBooks, or businesses looking for an ERP system that’s able to grow with them, the cloud offers speed, functionality and reliability.
Source: NetSuite Blog, February 2014