Much like any kind of system that continues to be in existence, the critical condition for an ERP software to keep on being of relevance is to adapt to the needs of the market. So then the solution can seem pretty simple, doesn’t it? One may think to themselves That’s great! All I need to do is find out the market demands!
But realistically speaking answering such a question could set one on a foolish crusade, given the many and complex factors that need to be taken into consideration in order to come up with a factual and reliable answer.
All that being said, it’s important to note that the better approach to determine, with a reasonable level of accuracy, the nature of the ERP software that will benefit your company the most going forward would be to really commit to finding the system that is most relevant to the particular way you run your business.
And perhaps one of the most important things to consider when you’re still on the fence about purchasing an ERP is your staff’s ability to manage it with ease and quickness. Figure this dynamic out and you’ve basically figured everything out.
Is learning more about ERPs worth the investment?
We live in the age of information so both in terms of knowledge and skills there are many things you can pretty comfortably pick up on your own. Why should learning about ERP be any different?
If you’re a business owner especially, stacking up on knowledge about ERP software can have higher stakes than just simply keeping up with whatever the business world pushes in the front lines at a given moment in time.
ERP is not a silly trend, much like the observable general move toward the automation of pretty much everything isn’t one either. Installing the appropriate ERP is directly linked to one or a series of informed business decisions regarding making a practical investment.
So if the “What is the best ERP for business?” question has naively crossed your mind at some point before, the best you can do is switch it to “What is the best ERP for my business?” A slightly more challenging question to answer indeed, but at least, in the effort of doing so you are guaranteed to reach some substantial conclusions that allow you to take concrete action.
How to find the right ERP for your business
Don’t get frustrated that no ERP to rule them all has fallen in your path yet. Take it from a team of people who are very much up to date with anything ERP-related, such a thing doesn’t exist. For better or for worse. There is only the ERP that will help your company get the most long-term value going forward.
Although the selection process in itself can be a burdensome ordeal, it doesn’t have to be. To make a choice you can confidently stand by all you have to do is study the ERP options that are within the set price range of your company’s budget. All that while keeping in mind how the implementation of such a system addresses the typical issues that come along with the particular business model your company operates with by default.
Cloud-based versus on-premise software: which one should win you over?
When it comes down to it, users can essentially opt for an on-premise ERP or for a cloud-based one, with the latter continuing to gain more and more traction for no special reason other than the fact that the majority of things seem to be moving to cloud as a general tendency of our day and age.
Why is cloud-ERP software the thing to go toward? To put it simply because:
It is more secure
When it comes to security, cloud ERPs are vastly superior to on-premise software. Why?
The main reason lies in how each of them is deployed. On-premise software is usually installed locally (meaning on your company's own servers and computers), which opens up potential security vulnerabilities that are otherwise preventable.
On the other hand, most ERP systems are cloud-based, which means that none of the information is stored locally. This is advantageous for a number of reasons: it delivers new and highly effective security services quickly and ensures that they are easy to integrate with your current system, it allows for more comprehensive and reliable monitoring, and it offers controlled access that reduces the risk of human error.
In other words, your vendors, employees, and visitors are physically separated from critical company data. This also makes it harder for third-party breaches to occur.
Some other reasons why cloud-based ERP is superior when it comes to security is that it allows you to resolve urgent security flaws fast, using system-wide updates (without any extra steps that users are required to take). In addition, your system is protected by a professional team of cloud security experts, ensuring that none of your sensitive data falls into the wrong hands.
It allows faster updates
Maintenance can turn into an unnecessarily tedious and drawn-out task. This certainly is the case for on-premise software where incompletely-applied updates and product interruptions are common. The worst part is that a bad update can leave your departments working with different versions of the software without realizing it.
By contrast, cloud-based ERP systems offer significantly faster updates and a much smoother transition. Any new updates, modules or security patches are deployed directly from the manufacturer or the vendor's cloud services and are installed automatically. So there is little to no involvement necessary from your IT department. Moreover, you'll find that with the cloud variant there are fewer errors, glitches or inconsistencies to worry about with every update.
It incorporates mobile devices
On-premise software generally requires a third party in order to access a mobile device. This not only increases security risk but it also considerably slows down the process. Cloud-based ERP systems, on the other hand, are mobile-enabled, meaning that they can be accessed and controlled through a mobile device. Put simply, this means that in such form ERPs can be accessed anywhere, at any time.
Here are just a few benefits of switching to a mobile-friendly ERP system:
- it ensures that information can be accessed on-demand, even remotely
- it speeds up the decision-making process
- it boosts the accuracy of all gathered data
- it streamlines your workflow
- it offers real-time updates that increase the efficiency of operations
- it helps your sales team close more deals by providing key last-minute information
Why this matters
Choosing a high-quality ERP system for your business can be tough. But the more you know, the easier the whole process becomes - and the more of a guarantee you have that your investment will be profitable.
Learning everything you can about ERPs and staying in the loop with market trends can help you make an informed decision on what kind of software works best for your company. Making that right choice then allows you to take consistent steps towards streamlining your supply chain and manufacturing process instead of overcrowding them further.