Online ERP software comes with several selling points, making it one of the most popular business solutions on the market today. Of course, along with all the advantages of online ERP comes some concerns. Why should we use online ERP software, and do its benefits outweigh its risks? More to the point, Is your business and financial data safe in the cloud? Let’s look at this important issue in greater detail.
First, let’s discuss the checks in the ‘pro’ column that come with online ERP software. The advantages of working with online ERP include:
- Convenience—You get anytime, anywhere access to projects, data, etc.
- Real-time Data—Business and financial data you see is always the latest and the greatest, ensuring you can make the most informed business decisions.
- Collaboration—Online ERP better ensures your entire team can collaborate, including siloed departments.
- Cost—Online ERP can offer significant cost savings over in-house solutions.
All that being said, is there a real risk to having your business data in the cloud?
Security and Online ERP
Foremost, rest assured—online ERP solutions are safe and secure. Why is this? Well, providers’ reputations all hinge on the fact online ERP is secure. They know any business’ chief concern with online solutions is often security. So, they go above and beyond to safeguard your data in the cloud. For many smaller businesses, too, the collaborative nature of a public cloud means they can benefit from security protocols that might be cost-prohibitive otherwise.
When Data Security Stakes Are Higher than Usual?
Because of this attention to detail, online ERP can be more secure than one kept in-house on your own servers, though this can feel counter-intuitive. Of course, there may be exceptions, specifically certain sectors, such as finance, which places significant regulations on security. In these scenarios, companies may need to adhere to strict regulatory guidelines that even the safest cloud solution cannot satisfy. Still others may just not want to hand over their business data to a third-party vendor. What to do in these scenarios? Well, you can structure ERP on a hybrid or private cloud, bringing the best of both worlds into the equation. These solutions deliver the convenience of a cloud structure while better ensuring that they meet strict regulatory guidelines via an in-house server.
Making the move to online ERP should involve questions and through research. But with the right plan and the right vendor helping you make the move to online ERP, you can transition in the most productive, profitable, and secure way possible. If you would like to learn more about online ERP and how it can benefit your company, visit this webpage.