search icon

Cloud-based ERP software for real-time data access

How to find the best ERP software for your business.

What is cloud-based ERP software?

Cloud-based ERP software refers to enterprise resource planning tools and applications that users access through the internet. Unlike with desktop ERP, you can manage every area of your operations from anywhere.

What is on-premise ERP software?

On-premise ERP software, rather than storing data in the cloud, stores information within a company’s internal server infrastructure.

While this type of ERP system provides companies with more custom options, it tends to be more expensive than cloud-based ERP systems. It also needs to be updated and serviced to stay current, in addition to taking longer to implement.

New and small businesses without clear business procedures and sophisticated IT infrastructures are likely to find on-premise ERP software cumbersome, complicated, and expensive

The only real advantage of on-premise ERP software is that it can be customised, which may provide greater ROI for larger businesses with complex needs.

Advantages of cloud ERP

The advantages of cloud ERP include:

Reduced hardware maintenance and energy costs

Support for collaborating on business-critical information in real-time.

Less time spent on upgrades and backups

Options for creating additional users quickly and easily

Access to the latest cloud tools and technologies

Cloud-based ERP vs. on-site ERP

Typically, the size and type of a business dictates whether cloud-based ERP or on-site ERP is the right choice. For example, a relatively new business that doesn't have many well-defined business processes or sophisticated IT can implement a cloud ERP solution quickly and easily. However, an older, larger business may need a customisable solution that takes longer to implement.

Why cloud-based ERP is becoming more popular

Today, businesses of all sizes, across a spectrum of industry sectors, are using cloud software to manage almost every area of their business.

CIO, in conjunction with Sage, carried out a survey of 100 CIOs and senior IT decision-makers to find out about their cloud usage and views on cloud-based business software.

We also garnered the best advice from the ones who have been using enterprise cloud applications for several years. We discovered that a huge majority of our respondents (71%) are using business-critical cloud applications, with most of them praising cloud for its efficiencies and ROI. 90% of the respondents say they have had a return on investment from cloud implementation.

Of the respondents who use business-critical cloud applications, such as ERP, 54% say they invested in them less than two years ago. A significant chunk (46%) have been operating business cloud apps for more than two years, and a tenth of them for more than five years, indicating a reasonably high level of maturity among organisations.

Collaborate with different teams in different locations

Create efficient processes across teams, offices and geographical locations using a shared database that supports the way your business works.

See what's happening in every area of your business

Unparalleled insight into all areas of the business, including inventory and order management, accounting, human resources and customer relationship management (CRM). Harness the cloud to bring together real-time information on the company’s inventory and financials for faster, more informed decision-making.

Make better decisions using real-time data

Adopt a faster, simpler and more flexible business management solution. You can expect to increase productivity, save money on overheads and find more customers.

Additional ERP and business management resources

Sage X3 helps you gain oversight into all aspects of your business.

Do you want advice for managing your business?

Read our articles, guides, expert tips and more.

COVID-19 business grants: How you can save time helping your clients with Access

COVID-19 business grants : How you can save time helping your clients with Access

Discover how practices can automate the process of identifying clients who are eligible for the COVID-19 business grants.

Read More Read More
4 ways accountants can help their clients this tax time

4 ways accountants can help their clients this tax time

The 2021 financial year has been one of unprecedented change for tax professionals and their clients.  This year saw government relief packages and tax incentives continue to support businesses through COVID-19, with much of Australia’s workforce working from home. There’s also been a surge in Australian’s investing in cryptocurrency for the first time, as both businesses and individuals diversify their investments.  Navigating the tax implications of these changes means that tax time this year will be [&hellip ;]

Read More Read More
Federal Budget 2021: 5 key tax incentives for businesses

Federal Budget 2021 : 5 key tax incentives for businesses

The 2021 Federal Budget has delivered a range of tax incentives for small to medium-sized businesses, designed to help the economy continue its recovery from the COVID-19 pandemic.  Most notably, extensions to temporary full expensing and instant asset write-offs will provide businesses with a combined $20.7 billion in tax relief. The changes come as the corporate tax rate for small and medium-sized [&hellip ;]

Read More Read More
Federal Budget 2021: The 5 most important changes to superannuation

Federal Budget 2021 : The 5 most important changes to superannuation

Casual and lower income workers, older Australians, and first&#8211 ;time home buyers were the big winners of the superannuation changes announced in the 2021 Federal Budget.  The changes will see Australian businesses pay increased contributions to their employees, with a rise in the superannuation guarantee rate and the scrapping of eligibility thresholds.  Let’s look at the five most important changes made to superannuation in [&hellip ;]

Read More Read More
Annual Salary Agreements: Why a whole-of-business approach is critical to ensuring compliance

Annual Salary Agreements : Why a whole-of-business approach is critical to ensuring compliance

If you’re a HR or payroll professional, you&#8217 ;re likely all too aware of the Fair Work Commission’s (FWC) comprehensive annual salary obligations which took effect from March 2021. Given the high-profile cases of underpayments impacting both large and small organisations, you know the imperative to ensure compliance with these obligations, and the risks of failing to do so.    But are your organisation’s leaders aware ?  One of the [&hellip ;]

Read More Read More
How to build valuable and sustainable relationships in the not-for-profit sector

How to build valuable and sustainable relationships in the not-for-profit sector

During the pandemic, one sector that has suffered dramatically has been not-for-profit. Those organisations that relied on events or fundraising activities that simply do not work with social distancing have had to pivot and look at innovative ways to keep moving forward. This has been a global challenge for the sector. So, what should advisors [&hellip ;]

Read More Read More
Not just a payroll problem: The risk of underpayments for the C-suite and board members

Not just a payroll problem : The risk of underpayments for the C-suite and board members

Wage underpayments have become an increasingly worrying headline in recent years, placing some of Australia’s most well&#8211 ;known organisations in the spotlight.  And with the Fair Work Commission (FWC) introducing comprehensive salary award obligations in March 2020 to help prevent annual salary underpayments, the imperative for Australian organisations to get payroll right has never been more urgent.  While most organisations may appreciate the reputational risk posed by non-compliance with these obligations and underpaying staff, many aren’t fully [&hellip ;]

Read More Read More
How digital transformation can redefine insurance firms

How digital transformation can redefine insurance firms

Insurance is an industry that has moved relatively slowly when it comes to embracing new technology. Legacy insurance players have been slow to modernise compared to other financial sectors that have invested in technologies such as automation and artificial intelligence (AI) – cornerstones of new technology. There are numerous big insurance companies that have focused [&hellip ;]

Read More Read More