As organisations begin to navigate post Covid economic recovery, it has become apparent that organisations need robust software to adapt to the “new normal” and legacy systems with complex and lengthy processes are simply no longer cutting it. Many lessons were learnt throughout the pandemic; we learnt that employees could work at home productively if they have the right tools, that automation is key, and we witnessed the vulnerability of businesses – something that we do not want to repeat. The pandemic forced many businesses to reconsider their business processes and revaluate their software and the verdict reached among many is that cloud technology is the way forward.
The key requirement for business recovery is simplicity and the need for end-to-end digitisation. Below, we have examined some of the ways in which cloud ERP software can drive simplicity and streamline even the most complex of tasks:
Many legacy systems have complex reporting making it difficult to obtain the information you need without often involving numerous departments and running bespoke reports. With many cloud ERP solutions, reporting is embedded into every function of the software so it’s quick and easy to get the information you need, at the click of a button, wherever you are, and export it elsewhere for greater manipulation.
Long gone are the days when tweaking your software was a big undertaking; cloud software is designed to be agile and can easily be adapted to suit your changing business without disrupting productivity. For example, scaling the software by adding additional users or modules can often be done quickly, and often, remotely too.
Cloud ERP software is built with collaboration in mind, so it is easily adaptable to changing work patterns and hybrid working styles. It means your employees can login and share information and work together despite their location or any time differences. Legacy systems make collaborative working very difficult indeed and can lead to disjointed working, bottlenecks and poor communication.
When it comes to driving your business forward, automation is the answer. The ability to automate tasks, which would otherwise take several hours to complete manually, can free up valuable time for employees to focus on other tasks.
Lower operating costs
In a time of great economic uncertainty, businesses are looking at all ways to reduce costs and boost their economic recovery, and cloud ERP is one way to do that. The operating costs for cloud-based ERP are much lower to on-premise legacy systems as you don’t need to pay large sums for hardware and maintenance.
Security concerns are an important concern for businesses with cyber security attacks reaching record numbers, but that is where cloud ERP software comes into its own as it has first class security features. Unlike legacy systems which can leave you vulnerable to cyber-attacks, cloud systems give you peace of mind by encrypting data and activity tracking.
Quicker decision making
During times of economic recovery, timely business decisions are crucial and could make all the difference to success and failure. Cloud ERP gives you real-time information in a concise manner so you can quickly see the data you need to make decisions quickly, rather than in a week’s time you would with a legacy system.
As businesses begin to navigate the post Covid-19 economic recovery, in an unstable economic climate there will be many challenges for ahead. However, equipping yourself with right the tools and technology is crucial, as many legacy systems are simply not up to the task. Cloud ERP systems can provide many advantages over traditional on-premise software such as enhanced security and decision making, flexible and innovative ways of working and intelligent reporting capabilities.
Take a look at Pegasus Business Cloud and contact us if you wish to discuss cloud ERP software further.