Enterprise companies around the world are awakening to the power of cloud ERP. However, not all clouds are created equal. That's why it's important to validate if the vendor you're using meets the needs of your small business.
There are two questions to focus on when considering the adoption of the cloud: 1) The question of when and 2) Why you should, not why you shouldn't.
So, we're providing 4 scenarios in which it may be beneficial to adopt the cloud:
1. The upgrade
Many enterprises that have followed the “if it ain’t broke, don’t fix it” model now confront the end of support, while others are beginning to wonder about the value of paying for support and maintenance if they’re not getting the advantages of product upgrades because of how disruptive it may be to the business. Facing an expensive and time-consuming upgrade that’s going to bring little in terms of real value, they’re moving to the cloud.
2. New business models
Many enterprise businesses find themselves competing with smaller start-ups, who have a significant advantage in not being held back by pre-Internet software. In order to compete they need to be able to adopt new business models quickly, whether that’s a product company launching a services business, new pricing structures or new markets. This would require a more flexible system that can adapt to these new models more quickly and cloud ERP meets that need.
3. Digital disruption
Evolving customer expectations are also imposing change on enterprises. We’re seeing strong signs of this in retail and wholesale distribution, where B2B buyers are seeking the same sort of experience they get in the B2C world. While legacy systems built in the ‘90s are not equipped to handle this change, flexible, cloud ERP is.
4. Mergers and acquisitions
For enterprises looking to grow through acquisition, the difficulties associated with onboarding a new company make cloud ERP an attractive alternative.