How To Select The Right Cloud ERP For Your Business

November 3, 2020 Gregory Hall

When choosing a cloud ERP solution for your business, you want to find something that is flexible and agile. It should be easily configured and implemented to cut down on cost and downtime as well.

You want to make sure you have the right technology and solutions implemented for your business. Doing so will improve accuracy, increase productivity, and protect your bottom line. Read on to find out how you can determine if a certain cloud ERP solution is suitable for your business.

What Are Your Business Requirements?

First, you want to consider your business requirements because what may be useful for a large business will not always work for a smaller business. Are you a company experiencing rapid growth and find the need to scale quickly?

You need to figure out what modules or applications you can benefit from. Afterward, compare vendors and products to see what aligns best with your business objectives.

Do You Need Customizable Solutions?

It is a good idea to look for cloud ERP solutions that are more customizable as long as the automatic upgrades and functionality are not interrupted or impacted. Any upgrades to the system should be smooth. Something that is easy to customize and does not require any additional hardware or software is ideal as your business continues to grow.

Is It Capable Of Data Migration?

You also want to determine how hard it might be to migrate from one solution to another. You need to make sure that your cloud ERP vendor has the tools and resources required for data migration. In addition, you want to be able to access and control all of your data and switch to a different ERP if needed later.

Is It Capable Of Scalability?

Both scalability and elasticity are vital if a business often sees seasonal fluctuations. If this is the case for you, choose a cloud ERP solution with low latency that can scale up or down quickly anytime, depending on its current needs and demands.

Is It Easy To Use?

A business should go for a user-friendly cloud-based ERP solution so it takes less time to deliver its products and services. It has to allow people to access the necessary information quickly and easily whenever, wherever. It should be a simple system that takes minimal time to learn how to use.

What Are Its Disaster Recovery Capabilities?

Finally, you want a cloud ERP vendor that can manage your computing and storage needs while ensuring compliance with local laws and IT infrastructure requirements. Software providers should have strategically located data centers in multiple locations to provide improved data security, scalability, and technology.

Final Thoughts

More than an estimated 85 percent of businesses worldwide currently run applications in both public and private clouds. Cloud ERP platforms account for approximately 13 percent of the systems that have been implemented over the last few years.

With cloud ERP, your business can experience reduced costs, ease of maintenance and upgrades, and improved security and accessibility of data. It also provides real-time analytics to help you make crucial business decisions more quickly.

With today’s uncertainty with COVID-19, a SAP Cloud One ERP can help your business.