How to visualise your data to empower business growth
Getting greater visibility into your business can help you make the right decisions. Discover how using dashboards can play a key role.
Read More
Read More
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.
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.
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.
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.
Sage X3 helps you gain oversight into all aspects of your business.
Learn more about:
Getting greater visibility into your business can help you make the right decisions. Discover how using dashboards can play a key role.
Is your financial team spending too much time on manual processes? Could automation make the difference? Here's what you need to know and do.
Are you a CFO looking to move your business to the cloud? Here's a few pointers to think about and steps to make it a reality.
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 […]
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 […]
COVID-19 has introduced many unexpected trends in the last year. But while some—like mask wearing and compulsive hand washing—will surely peter out, others such as accelerated technology adoption will have long-lasting impact. The shift to increasing digital touchpoints, cloud computing, and big data isn’t anything new in financial services, but the pandemic has put adoption […]
Gaining a unified view of financial data from across the business is vital for today’s CFO. In a previous post, we explored how finance leaders can gain this business-wide view, along with many other benefits, by integrating their financial management solution with Salesforce. If your organisation is looking to undertake such an integration, there are […]
For today’s finance leaders, easy access to financial data from across the business is vital to help them make informed, strategic decisions. Yet all too often, many finance leaders struggle to obtain a consolidated view of their organisation’s finances. Sage research reveals that 64% of Australian CFOs believe integrating financial and operational data is the […]
Give Feedback
