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.

7 ways cloud software trumps spreadsheets

7 ways cloud software trumps spreadsheets

It used to be that smaller firms used spreadsheets as their default tool, only to be replaced when the firm grew, and operations become more complex. But spreadsheets have serious limitations. For example, studies have shown that up to 88 % of spreadsheets have errors in that can cause massive disruptions, wasting both time and resources [&hellip ;]

Read More Read More
Five strategies for HR managers to create a positive employee experience

Five strategies for HR managers to create a positive employee experience

How companies treat their people during the COVID-19 pandemic will define the type of employer they are. And how they adjust their Human Capital Management strategies in response to the pandemic will impact employee loyalty, motivation, and satisfaction, which in turn impacts customer satisfaction. The role of the HR department is a lot different today [&hellip ;]

Read More Read More
More than a remote work experiment? How productivity has changed

More than a remote work experiment ? How productivity has changed

Six months into the global COVID-19 pandemic, most organisations have settled into new, more digital ways of working and collaborating. Even though the crisis is not yet behind us, businesses should seize this chance to evaluate their performance through a new lens – and to reshape themselves into more resilient, flexible and productive organisations. Herein [&hellip ;]

Read More Read More
How NPOs can use tech to attract donors and make a bigger impact

How NPOs can use tech to attract donors and make a bigger impact

Digital transformation can help charities and non-profits increase donations as well as measuring and demonstrating the results of their work.

Read More Read More
What will accounting clients need in a post-COVID world? 

What will accounting clients need in a post-COVID world 

With the Coronavirus raging across the globe, many accountants have been with their clients every step of the way.  They were suddenly the beacon that everyone looked to, as help from governments and other bodies had been mostly financial. They assisted clients with explaining and compiling the required data and helped them to complete the forms.    Positive disruption  Following the events of 2020, people need [&hellip ;]

Read More Read More
3 accounting practice improvements, according to customers 

3 accounting practice improvements, according to customers 

In the latest version of The Practice of Now survey, respondents were asked what pain&#8211 ;points their businesses experienced with their accountants, and what they expected. We candidly asked if they felt that their accounting needs were being met, and if not, how they could be improved.     The 2020 edition includes a new element – a qualitative survey from Coleman Parkes, which conducted thorough interviews with users [&hellip ;]

Read More Read More
Disrupting the accounting profession: 3 ways to grow and thrive

Disrupting the accounting profession : 3 ways to grow and thrive

“I always tried to turn every disaster into an opportunity.” – J.D Rockefeller. Over the last few months, accounting professionals have had to deal with equal measures of disaster and opportunity in the midst of the Coronavirus outbreak. Accountants have been a solid support to businesses during this time, providing advice and helping wherever they [&hellip ;]

Read More Read More
Digital transformation: The biggest shift in the CFO’s role in a decade

Digital transformation : The biggest shift in the CFO’s role in a decade

CFOs face new complexities due to the COVID-19 pandemic. This includes managing a remote workforce as well as an expanding security and compliance mandate. In fact, we’re witnessing the third major evolution in the role of senior financial decision-makers. The evolution of the CFO The first “edition” of the CFO focused mainly on keeping the [&hellip ;]

Read More Read More