In a volatile economy, businesses are continuously seeking ways to increase efficiency, reduce costs, and streamline operations to strengthen their cashflow and set themselves up for long-term success. Optimising their use of technology has consistently been one of the most successful ways to achieve this, and the digital landscape presents enormous opportunities for businesses to increase efficiency and automate their processes. The use of cloud technology is the next natural evolution that can help companies reduce their overheads and increase their efficiency, and hosting their ERP solutions in the cloud offers enormous benefits for companies.
Reducing IT Costs
One of the biggest benefits of cloud hosting ERP solutions is that it minimises the need for expensive on-premise hardware and networking, as well as the associated resources to support this. This can have an immediate impact on cashflow as it turns the investment in cloud ERP into an operational, rather than capital, expense. Predictable outgoings also make it easier for finance directors to budget and plan. By shifting the responsibility of managing servers, software updates, and cybersecurity measures to the cloud provider, businesses can lower their IT costs and reallocate resources to more strategic initiatives.
Scalability
The scalability of cloud hosting is another advantage, meaning that companies only need to pay for the resources they need, rather than the initial expense of overprovisioning on-premise hardware as they need to consider what their requirements will be in three years’ time at the outset. Cloud hosting gives businesses the ability to only pay for the resources they need NOW, but which can increase as their business needs change. This leads to better control over costs and an improved ROI.
Access from Anywhere
Accessing SAP Business One via the cloud means that it is accessible from anywhere with an internet connection. As we saw several years ago, when the whole country was locked down over night, it was businesses that were able to access their essential systems via the cloud that experienced the least impact to their operations. Cloud ERP solutions give managers the ability to access information from wherever they are to support strategic decision making, and ultimately keep processes operating smoothly.
Business Continuity
Continuing from access from anywhere, accessing SAP Business One via the cloud enhances business continuity with disaster recovery and backup solutions, which minimises downtime and the risk of loss of data. Cloud also offers enhanced security, which is of the utmost importance with the ever-increasing threat of hacking and malware attempts. When you consider the financial impact of being unable to access essential business systems, it’s easy to understand how important business continuity planning is for maintaining operational efficiency and safeguarding against the effects of systems being out of action.
Conclusion
Cloud hosting your customer’s SAP Business One solution offers many benefits, which can provide them a significant return on their investment. The scalability, flexibility and security of the cloud helps businesses to enhance their operational efficiency and reduce costs to position themselves for future growth. The elimination of on-premise hardware and networking resources has an immediate, positive financial impact that can help support cashflow or be redirected towards other strategic initiatives. Cloud-hosting SAP Business One supports companies to scale, helping them to become more agile and efficient. To find out how your customers can reap the benefits of cloud hosting their SAP Business One solution, please contact our friendly team now.