Cloud-based enterprise resource platforms have become a compelling investment for the modern enterprise, says Grant van der Westhuizen, Sales Manager of Business Applications, and Craig Fidler, Lead Business Consultant at Braintree.
The global cloud-based enterprise resource platform (ERP) market is anticipated to grow at a CAGR of 18% over the next five years. This growth is fueled by artificial intelligence (AI), machine learning (ML), and cost-efficiencies. Cloud ERP offers deeper control over security, measurable improvements in project and cost management, and rapid access to customisable services and resources for organisations of all sizes. It also provides a pathway to successful ERP implementation, unlike the 70% of organisations that fail to see the true value of their original business use cases with legacy ERP platforms.
Legacy ERP platforms are often complex and difficult to manage, leading to implementation failures. In contrast, cloud ERP solutions offer modular, intelligent ERP solutions that can be customised to fit within an organisation seamlessly. The technology enhances systems and delivers the expected improvements without forcing the business to adapt to the technology.
When considering cloud ERP, understanding the need for security is paramount. Cloud ERP solutions provide better security than on-premise options, offering rigorous controls over data security, regulatory compliance, encryption, and multi-factor authentication. The platform’s built-in failover and disaster recovery capabilities reduce downtime and risk.
Efficient data management and storage are another core need addressed by cloud ERP. With the exponential growth of data volumes, organisations require scalable solutions that can adapt to changing requirements. Cloud ERP offers flexibility and scale at an optimised price point, enabling companies to leverage their data effectively for decision-making and insights.
In addition, cloud-based ERP simplifies the integration of AI tools for data analysis and computation. Continuous upgrades are crucial for staying current with evolving technology and business requirements. Cloud ERP ensures seamless security, system, and capability upgrades with limited downtime, enabling organisations to derive value from the latest features and technology investments.
Choosing the right implementation partner with expertise in cloud-based ERP solutions is essential for a successful deployment. Cloud ERP implementation is rapid, with minimal downtime, and ensures that the business is always up to date with the latest technology advancements. The maintenance and management of the network, databases, security, and hardware are effortlessly handled by the cloud platform, reducing total cost of ownership and eliminating the risks associated with on-premise solutions.
In conclusion, cloud ERP offers a cost-effective, efficient, and secure solution for modern enterprises. By partnering with the right implementation expert, organisations can seamlessly integrate cloud ERP into their operations, ensuring a smooth transition and maximum ROI.
