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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 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, archives information within a company’s internal server infrastructure.

While this type of ERP system provides companies with more customized options, it tends to be more expensive than cloud-based ERP systems and needs to be updated with services in order to stay current. It also takes more time to implement an enterprise resource plan using on-premise software than cloud-based ERP software.

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

The only real advantage of on-premise ERP software is its ability to be customized, which may provide a 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-premise ERP

Typically, the size and type of a business dictates whether cloud-based ERP or on-premise ERP is the right choice. For example, a relatively new small business that doesn't have many well-defined business processes or sophisticated IT can implement a cloud-based ERP solution quickly and easily. However, an older, larger business may need a customizable 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-based 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 determine their cloud usage and views on cloud-based business software.

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

Of the respondents using business-critical cloud applications, such as ERP, 54 percent state they invested in such applications less than two years ago. A significant share, 46 percent, have been operating business cloud apps for over two years, and one tenth of them for more than five years, thus indicating a reasonably high level of maturity among organizations.

Connect and collaborate with different teams in different locations

Create efficient processes across teams, offices, and geographic 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 overhead, and identify more customers.

Additional ERP and business management resources

Sage Business Cloud 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.

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