The results of investing in cloud computing are even more impressive. They Lower Costs in addition to a reduction in hardware costs, a cloud solution allows SMBs to take advantage of a pay-as-you-go subscription model, and eliminates the large up-front cost of an on-premise solution. Provide Better Efficiency and Productivity Implementation is faster, cloud-hosted information is more easily shared, and your IT team’s time is freed up without the need to manage or maintain your cloud infrastructure. Faster Speed to Implementation (With Cloud ERPs) As early as 2014, businesses with SaaS or cloud ERPs were reaching their first go-live milestone 19% faster than those with on-premise ERP solutions. This speed has remained a benefit of SaaS ERPs today. Increased Security – Data is backed up off-site, reducing the risk of cyber security attacks and mitigating the challenges of recovering data during a potential outage. Eliminating Manual Software Updates – There’s no software update installation needed; your software will always be updated in real-time to the latest available version. Scalability -Thanks to cloud solutions’ ability to change alongside your business needs, you will have increased flexibility to grow and scale with minimal hiccups or hurdles.
