Like any small-to-medium sized business prudently managing growth is a key objective for your enterprise. The time comes when an SMB requires new systems to maintain control of rapidly expanding sales, marketing, manufacturing, and finance functions. The cost of expanding IT systems, however, is a major obstacle for SMBs managing growth.
Yet SMBs who embrace ERP systems on the cloud can grow faster than their competitors. The solution for more SMBs is ERP managed services on the cloud. Here's a look at why and how.
Transparent, Integrated Business Processes
If your left hand does not know what the right is doing, costs get out of control, systems become inefficient, and quality control becomes lax. SMBs acknowledge that they need to invest in IT systems to manage and control growth. As SMBs grow, almost half plan to invest in cloud services to gain the advantages of Fortune 500 companies.
The main service used by enterprises on the cloud is ERP managed services. ERP makes it easier to deploy new applications, streamline workflows, and collect all reporting functions in one place. One big, transparent picture of the enterprise is produced. While at the same time, business intelligence apps provide more and actionable insight into this centralized data.
Data and Process Standardization
Or your left and right hand may be coordinated but they cannot communicate. ERP systems integrate data, processes, and models across all business segments — sales and marketing, manufacturing, and finance and accounting. Any department can access customer data, inventory levels, production activity, sales data, and so on.
The streamlining of all business information introduces new levels of operational efficiency. When errors, fraud, or inefficiencies do arise in your business, the more transparent and accountable system identifies the discrepancies before productivity and money are lost.
Easy and Instantaneous Scalability
As your company grows and new functions are required, new ERP applications and modules can be immediately activated on the cloud. The advantages of rapid scalability and agility are the key reasons SMBs are using cloud services. As you scale, backups, maintenance, and repairs are handled on the cloud. ERP managed services on the cloud are all about doing more with less.
SMBs that believe the myth that the benefits of ERP managed services on the cloud are too expensive to access will be less competitive. As artificial intelligence and machine learning bring new functionality and efficiencies to ERP systems, it is the opportunity cost of not using ERP managed services that will be too high for the SMB.
You can learn more about your options by contacting ERP managed services.
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