Many organizations are investing heavily in digital technology, IoT, ERP, big data, and analytics in an effort driving towards digital transformation.
Cloud-based ERP enables integrations with new technologies of digital transformation that drive growth and success.
Cloud ERP is one of the robust digital transformation delivery models it does much more with fewer resources. With traditional ERP projects now turning towards this model are proving to be much more successful as they:-
- Reduce risk
- Save money
- Increase productivity and value
Role of Cloud ERP in digital transformation:-
Cloud takes the existing ERP system to the next level by providing instantaneous access to the Decision-makers providing a consolidated view of various business operations, hence simplifying the flow between various departments.
Easy data interaction, with cloud platform data accessibility once a very time-consuming process is eased. As business data and transactions are unified into one system, it encourages remote working hence the cloud platform, and ERP combination enhances business productivity.
Benefits of Cloud Enterprise Resource Planning in Digital transformation:-
Quicker Implementation:-With minimal or almost zero downtime Cloud ERP can be quickly implemented, and knowledge transfer shall be the only downtime required. With easy solutions and easy learning, this factor can also be taken care of.
Cost Reduction:-Cloud being Software as a Service (SaaS) is subscription-based, which is very less amount that needs to be incurred per year. Hence, the cost required for hardware and high-end machines is reduced drastically.
Less Maintenance:-Traditional system used physical machines and data storage mechanisms requiring maintenance of systems, data security, and other additional responsibilities but the migration will help release this extra pressure.
Improved Reach:-Remote system implementation will allow you to access data and other important stuff anywhere, anytime on the go. So your vendors and employees can stay updated.
Cloud being the future and current driving force in Digital Transformation, vendors, prefer remote systems as it reduces purchase, installation, and implementation cost concerned with it. This system provides better decision making, scalar growth, increased interoperability, and a collaborative work environment.