How the cloud can revolutionise business financial management
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.
Read More
Read More
Like any ERP system, cloud-based ERP software helps organisations manage crucial business processes and resources.
Unlike on-site ERP solutions, cloud-based ERP software stores information in the cloud, so you and your employees can access it using any device from any location, at any time. All you need is an internet connection.
With an online ERP system, you can easily access real-time insights, so you’ll always have the latest information about your business operations. ERP in-cloud solutions are also typically cheaper to adopt and implement than on-site ERP systems. It’s no wonder that cloud-based ERP software is the preferred choice for many business builders.
We’ll help you find the best software to make implementing an ERP plan easy and straightforward for your business.
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-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 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. Ninety percent 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%) has 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.
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.
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.
Getting greater visibility into your business can help you make the right decisions. Discover how using dashboards can play a key role.
Discover how SME's can utilise existing grants to advance their digital innovation efforts and help to ensure long-term growth.
Find out how businesses need to be prepared for a more sustained and permanent change in the way they run their operations.
When it comes to the production of commodities in the medical, pharmaceutical, manufacturing, automotive and aerospace industries, accuracy and attention to detail are essential. Just ask Cairnhill Metrology. Established in 1983, Cairnhill Metrology Pte Ltd boasts solutions that can measure weights and dimensions down to the microns and sub-microns, assisting with the quality assurance and […]
The world cannot stop drinking tea. The most popular beverage in the world after water, the consumption of tea has only continued to rise. In fact, global annual tea consumption is expected to hit almost 300 billion litres by 2021. From the simple joy of a great taste, providing a nice break and several health […]
Year end can be one of the busiest times for a small business as they work to get their accounting affairs in order. Read below to learn how to help relieve bottlenecks in your accounting reporting by driving an efficient workflow in your business year-round. It starts at the beginning of the year It almost […]
Give Feedback
