When the number of jobs as well as customers increases rapidly, businesses scale that is when they need the help of ERP software. However, instead of using traditional ERP, the Cloud ERP solution will bring strong connectivity and great benefits to businesses. So what is Cloud ERP and how does it benefit? Let’s find out the details with SmartOSC below:
What is Cloud ERP?
Cloud ERP is an enterprise resource planning (ERP) system that runs on the provider’s cloud instead of an on-premises network, allowing organizations to access it over the internet. ERP software integrates and automates essential financial and operational business functions, provides a single source of data, including inventory, ordering, and supply chain management, and assists in procurement, production, distribution, and fulfillment. Businesses will have to access the server through a web browser.
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The situation of Cloud ERP in Vietnam
According to a survey of over 3,000 businesses of all sizes, more than 92% of them are learning about Cloud ERP solutions. In the ERP report of Panorama Consulting Group (USA) in 2021, out of 112 enterprises that have implemented ERP, more than 50% of the companies have used the Cloud ERP system. 90% of enterprises implement ERP successfully and the majority are satisfied with this solution.
In Vietnam, the ERP system is not new, but not all businesses have strong enough financial resources to operate the system. On average, a traditional ERP system costs several hundred million or more, not including training and building fees for management, implementation, and facilities. Instead, the Cloud ERP system only costs a few hundred thousand to more than a million dong per month, without initial investment costs, and with a shortened deployment time, it will be the solution for small and medium enterprises.
Especially due to the recent impact of the Covid-19 epidemic, which has changed consumer habits, businesses must promptly adapt to the general situation. Online shopping, remote working, and online meetings, … make departments lack the link, consistency, information, and data update delay. Therefore, the digital transformation process is being interested in many Vietnamese businesses today, especially Cloud ERP.
Benefits of Cloud ERP
Continuous business innovation
Many businesses are turning to cloud ERP software to improve operations and change traditional business models and processes. Cloud ERP improves and accelerates not only financial and accounting operations, but also business operations across the company.
According to research conducted by Panorama, 95% of businesses have been improving their business thanks to Cloud ERP. Because Cloud ERP providers host and manage software on their servers, helping businesses reduce the cost of server infrastructure, and IT personnel for operation and maintenance. As a result, businesses can focus their budget on developing long-term goals in the future.
Fast and flexible deployment
It’s much faster to build a cloud ERP system, as your SaaS provider handles hardware and software installation and provides dedicated staff with expertise in data center management. Like consumer mobile apps, cloud ERP business applications can be configured easily. The intuitive user interface makes learning to use the app quick and easy.
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Manage orders better
With Cloud ERP, information becomes streamlined and business processes grow more connected. Thus, your company will create optimal coordination between different branches, such as the accounting department and order warehouse, customer database.
Cloud ERP allows you to manage invoices that handle multiple concurrent orders. At the same time, your staff will be able to estimate delivery times with greater accuracy and deliver more orders in a day.
Update and innovate continuously
Unlike traditional ERP solutions that often require manual upgrades, cloud-based ERP can update the system instantly every time the vendor develops or improves the software. This helps to save costs and avoid interrupting the business’s working time.
Provides better security
With an international-standard security system, all important data and information of businesses are protected when using Cloud ERP. Integration between enterprise applications, databases, processes, and user interfaces takes security to the next level.
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Help make business decisions
With Cloud ERP’s clean and easy-to-understand interface, you can easily make more important decisions for your business.
For example, if you’re looking to pinpoint growing markets, cloud ERP makes it easy to examine demographic and geographic customer behavior through year-over-year, follow-up traffic charts. season. Likewise, if you are trying to determine which products should increase or decrease the priority sequence, you can review charts that are updated daily from actual sources.
Hopefully, the above sharing will help you better understand what Cloud ERP is and the benefits it brings to businesses. SmartOSC is a company specializing in providing Cloud ERP operating on the leading cloud computing platform in Vietnam. If you are interested and want to experience our Cloud ERP, please contact us here for a consultation today.