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 can access via the internet. You can manage every area of your operations from anywhere, unlike desktop ERP.

What is on-premise ERP software?

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

While this type of ERP system provides companies with more customisable options, they tend to be more expensive than cloud-based ERP systems. They need to be updated and serviced to stay current. It also takes longer 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 that it can be customised, which may provide greater return on investment (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 or on-premise ERP?

The size and type of a business typically 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. An older, larger business however, may need a customisable solution that takes longer to implement.

Why cloud-based ERP is becoming more popular

These days, 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 a hundred CIOs and senior IT decision-makers to find out about their cloud usage and views on cloud-based business software.

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

54% of the respondents who use business-critical cloud applications such as ERP, say that they invested in them less than two years ago. A significant 46% of respondents 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.

Know every area of your business.

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

Make better decisions using real-time data.

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

Additional ERP and business management resources.

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

Need advice for managing your business?

Read our articles, guides, expert tips and more.

2030: What’s in store for the accountancy practice?

2030: What’s in store for the accountancy practice?

Based on the latest Practice of Now research, we've made five predictions about how an accounting practice might look in 2030.

Read More Read More
Top trends shaping Africa’s small business landscape this decade

Top trends shaping Africa’s small business landscape this decade

Rapid development, a growing middle class, and business-friendly market reforms are generating welcome opportunities for regional SMBs.

Read More Read More
5 tips to get the most out of accountant-vendor relationships

5 tips to get the most out of accountant-vendor relationships

If your technology solution providers aren't strategic business partners who help you make the best technology decisions for your business, it might be time for change.

Read More Read More
Choosing a payment gateway and accepting online payments

Choosing a payment gateway and accepting online payments

Accepting online payments can greatly expand your customer base, but also introduces risk. Here's how to choose the right payments provider for your SME.

Read More Read More
Save time and reduce errors with online timesheets

Save time and reduce errors with online timesheets

Online timesheets offer numerous advantages over their paper counterparts, including compliance management, automatic updates, and payroll integration.

Read More Read More
Selling modern accounting to traditional clients

Selling modern accounting to traditional clients

We cover tips on how to help your traditional clients overcome their tech phobia and move to a modern accounting system that will benefit all concerned.

Read More Read More
You are what you measure Part 3: Run a faster, smarter business

You are what you measure Part 3: Run a faster, smarter business

In Part 1 in this series, I discussed how the limitations of traditional performance metrics might stop your business from reaching its full potential. In Part 2, I looked at the different types of performance metrics you can use to complement traditional KPIs. In the final part in this series, I look at how you […]

Read More Read More
You are what you measure Part 2: Analytics in action

You are what you measure Part 2: Analytics in action

By complementing traditional KPIs with proactive, indicative performance metrics, you'll see how you’re tracking against your financial goals.

Read More Read More