The world of ERP software has recently been transformed. Gone are the days when only large corporations could afford the luxury of SaaS (software as a service). Today, small to medium-sized businesses also have the opportunity to enjoy the benefits and features of web-based SaaS ERP system.

Enterprise resource planning has been around for over 40 years but only large corporate entities could previously afford the exorbitant costs of on-premise installation, maintenance and training associated with the software. These expenses often run into multi-millions of dollars that companies could not afford. SaaS represents lower costs because you don’t have to purchase any software or hardware. You can instead lease software for a flat-fee or buy it on a metered basis. Think of this as how you pay for electricity; you’re paying for the service on a monthly basis instead of paying for the entire service upfront.

The internet, as it has done in so many other service areas, has leveled and expanded the playing field. Businesses can now deploy a state-of-the-art cloud ERP system in a SaaS environment. This platform includes all of the software your business needs to operate. It’s updated automatically so you don’t have to worry about checking on upgrades for your existing system.

Benefits of SaaS ERP for Mid-Sized Companies

SaaS ERP brings many benefits to mid-sized companies. Employees can easily share and collaborate on data, business intelligence and reports over a secure network, through electronic dashboards. This information flows across boundaries and goes mobile to smartphones, tablets and iPads. All designated staff can access data anytime, anywhere on any device. This is the type of operational convenience any business can appreciate.

Not every business is alike, though. That’s why a cloud ERP system can be customized to sync with the way your business likes to administer its operations. The measures of customization, of course, depend on what ERP vendor you choose.

Privacy is a main concern of any business regarding software. Mid-sized companies, like any other, want to be assured their proprietary data is kept private and well secured. They want to ensure that when they move that data they have full workflow and document management support. A good cloud ERP service provider should be able to guarantee that.

Old vs. New ERP

You can imagine the frustration of many old-school ERP advocates when they see what can be done through the cloud. A SaaS system does much more than traditional on-premise ERP. You will appreciate unlimited user licensing as opposed to per user licensing that you pay with traditional ERP. The setup is fast and the platform is easy to install, which is not the case with the drawn-out, costly deployment of on-premise ERP. With the cloud, you can enjoy easy integration with all other applications, have the mobility to work across numerous devices and boundaries and not pay for any costly maintenance or software upgrades. Some ERP vendors have different costs associated with maintenance and upgrades but if you choose your SaaS system wisely, you’ll be paying a lot less.

Another advantage of web-based applications is you can better mine business intelligence and calculate more accurate reports. You have the ability to move your data in and out of the cloud and you can designate who gets direct access to the system. (Keep in mind, you will also be deploying from a fully-secured platform.)

Mid-sized businesses need the cost-effective flexibility that a SaaS or cloud ERP ecosystem provides. Now, that’s a full on reality. All of the software you need is accessible from any location. Your staff from around the world can have access to the same information in real time. This is where the world of software is at today and it’s an exciting place to be. You can lower and control your IT costs, while at the same time gaining access to all of the software you could think of to conduct business in the best way possible.

Note: The inclusion of guest posts on the Panorama website does not imply endorsement of any specific product or service. Panorama is, and always will remain, completely independent and vendor-neutral. If you are interested in guest blogging opportunities, click to read more about our submission guidelines.

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