Are you wondering what the next step is for your ERP software? Concerned about data security, employee access, or the costs associated with internal server maintenance? The world is moving quickly into the cloud for all these reasons and more. Research predicts that by 2017 more than 50% of all large enterprises will have a foot in the cloud. So why is business moving in this direction? NetSuite cloud-based ERP is more than just trendy – it’s a multi-faceted solution to a great number of common problems around your resource planning and allocation. Below we discuss 5 reasons to start considering a cloud ERP solution (like NetSuite) for your organization today.
Reputation and Customer Relationships
In business – the customer is king. Customers are becoming increasingly technologically savvy and increasingly familiar with cloud-computing services. This is in part due to the multiple consumer applications that utilize the cloud and also to the media attention cloud services have recently received. Service providers who want to be seen as innovators should move in this direction to help bolster their own reputation and to earn the public’s trust and respect. Customers are approaching you for your knowledge and insight – showcasing your ability to navigate the latest, greatest tech will help your company build a reputation for excellence.
As you’re building that trust, you’re also deepening your relationship with your customer. Because cloud services are typically Saas (software as a service) in format, they allows you to foster continuous customer relationships – a direct benefit over single touch point implementations. By interacting with your clients on a daily basis you’ll gain powerful insight and have the ability to manage the relationship much more easily.
Time Management and a Continuous Revenue Source
Service providers of the past built their organization selling one-time consultation services or software trainings – this method often translates to extensive resources being used upfront and a lack of repeat revenue. Implementation of a closed system like this is significantly more complex – idiosyncrasies of each organization come into play and economies of scale vanish. By contrast, with a cloud-based system like NetSuite deployment is a significantly simpler process for client and the provider and will save you time. This is because the software, though greatly customizable, is running on one global system – meaning that NetSuite takes client feedback constantly and upgrades the software seamlessly in turn.
At the same time, complex upfront services create revenue in the short-term but are not cost effective for either the customer or the service provider. With cloud-based packages, costs go down, revenue comes in continuously over time, and it becomes much easier to bundle multiple services into one package.
We’ve hinted it at in the above bullet points as well – but cloud service deployment is a much simpler process. There’s no longer a need to worry about versioning (since upgrades are deployed by the provider on a regular basis and rarely if ever interrupt service) and a 3rd party provider manages the infrastructure. On premise server solutions are difficult to manage and ultimately drain resources that would be better used elsewhere. Make it easier on yourself and on your clients by upgrading your ERP to a cloud-based option.
A robust ERP system should take data from all over your organization and link it into reports that will help you make better decisions. If you’re still using single function software like Quickbooks it may very well be holding your company back. Still not sure if a cloud ERP upgrade is right for your business? Wondering if Quickbooks is holding your company back? Check out our article on exactly that topic or reach out to us anytime for a free trial!