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There has been a lot of buzz about new enterprise cloud software and how they greatly improve the productivity of any enterprise; NetSuite ERP is one of them. So, what is cloud ERP? Cloud ERP (Enterprise Resource Planning) is a Software as a Service (SaaS) system that is created to put together processes and their data sources into one unified system. In layman terms, a cloud ERP is an online subscription-based ERP solution for enterprises. The ERP system puts together external and internal information across the whole enterprise, manufacturing processes, customer management, assimilating accounting, and sales.

Many people always ask the question, “What is cloud ERP Solution’s main function?” The main function of a cloud ERP system is to ensure smooth collaboration of information between an enterprise’s internal and external business functions. Any cloud ERP system has two main components; a unified database and software with a modular design. A unified database ensures that the ERP system can access all the information required to make the whole enterprise run effectively. The database also allows the information to be easily accessed and shared by various units in the enterprise. The modular software design ensures that other software programs can be added or removed from the ERP platform in order to increase efficiency.

Benefits of Cloud ERP over On-site ERP

Whether an enterprise uses an on-site ERP or a cloud ERP, there are a lot of benefits it will get. However, using a cloud ERP has far more benefits as compare to using an on-site ERP. Some of these benefits are:

Minimized initial investment

An onsite ERP solution requires enormous initial capital investment to buy servers, house the servers in a secure environment, deploy, configure and maintain them. Apart from the initial capital outlay, onsite ERP solutions also need the effort, time and costs associated with hiring and keeping a well skilled and experienced IT staff. In comparison, with a cloud based ERP solution the cost of setting up, maintenance and updating the ERP system is shifted to the ERP provider. Due to this, the customer does not have to be concerned about the cost, human resource and time to implement, maintain and run the ERP system. It is due to this that even small enterprises are now embracing NetSuite ERP systems.

Quick Return on Investment

Cloud based ERP solutions use the SaaS application business model. Due to this, their implementation and integration is easy and faster compared to onsite solutions. It takes only a few weeks for most cloud ERP solutions to be fully implement and running as compared to onsite solutions which take months to a year to be fully operational. It is because of the fast implementation of cloud ERP that enterprises start enjoying the benefits earlier which leads to a quick payback. The end result is the reduction of TCO (total cost of ownership) and quick return on investment during the investment’s course.

Seamless and Quick Updates

Enterprises that use onsite ERP solutions usually have to wait for quite a while before they can buy and enjoy the benefits of new upgrades, features and security patches. Upgrading onsite ERP systems also comes with some problems; these are potential disruption to enterprise activities, the cost and complexities involved. It is because of this that some enterprises will choose to shift to the new ERP release rather than upgrade the current one. These problems are eliminated when dealing with a Cloud ERP solution. This is mainly because the cloud ERP provider always performs upgrades in an unobtrusive and continuous way. This way, the enterprises will always be enjoying the latest tools and applications as opposed to waiting for a new release of the ERP system as is the case when using an onsite ERP system.

Scalability and Changes

Cloud based ERP systems can easily be scaled to meet the new business demands of any enterprise. Removing or adding software and users can be done whenever there is demand for it. The only thing that will change regarding the ERP solution will be the subscription fee. The flexibility that is depicted by NetSuite ERP is what makes it beneficial especially for cyclical, seasonal or growing businesses.

Is your business growing faster than your IT infrastructure can handle it? Are you constantly upgrading your servers, switches, backup solutions and fighting hard to keep with technology? Are you constantly paranoid your data might be compromised by unscrupulous hackers?  Would you rather be managing your clients, people and money – hallmark a good executive? Then you are ready to step in cloud ERP.

You ask what is cloud ERP? Businesses are moving their systems from on-premise in-house server boxes, into the cloud infrastructure.  One simply needs a computer – a laptop, a tablet, or even a desktop, and connection to the internet to play with the system in the cloud.  Play it is, because you can be on the beach with family or climbing a mountain and still stay in touch with your business activities and numbers.  Life has never been so good!

If you are not into cloud computing yet for your business to operate its back-office, I would encourage you to make the move now – sooner the better.  The reason being you will reap the benefit of very low capital investment as well as low Total Cost to Ownership.  Since Netsuite EPR is based in the cloud environment, your IT infrastructure cost for servers, backup system and security can dwindle down drastically.  The solution comes with features that large corporations spend millions of dollars to adapt.

This will facilitate an easier wider reach for you from anywhere in the world.  You need not worry about data security and overall access security since the environment is very secure with redundancy and backup provided, which also takes away your Business Continuity and Disaster Recovery headache from the backend systems perspective.

Here are some salient features of NetSuite Cloud ERP supported by ERPtribe:

• One complete system including full-featured accounting, CRM, inventory, and ecommerce •Scalable cloud platform for faster growth, streamlined operations and greater productivity Real-time visibility and anywhere, anytime access to critical business information •Dramatically reduced IT cost, complexity, and maintenance •Industry solutions for software, wholesale distribution, manufacturing, ecommerce and professional services

• Manufacturing & Supply Chain Management – Increase efficiency and reduce costs with Work-in-Process (WIP) tracking, BOM Effectively Dating, Cycle Counting, and Enhanced Demand Planning.

• OneWorld & Global Business – Manage complex, global businesses more easily than ever with Fiscal Year per Sub, Intercompany Inventory Transactions, Multi-Currency Vendors, and Withholding Tax.

• Improved Dashboard Charting – Get better insight into your business with all-new Dashboard Charting, including more chart types, interactive analysis, expanded configurability, and a fresh new look.

• Increased Productivity – Save time with Improved Outlook Integration, Bulk Field Updates, Scheduled Times for Reports/Searches, and various performance improvements.

Start anywhere.

With NetSuite Cloud ERP supported by ERPtribe, you can implement the complete business software suite to run your entire business better or begin with one module and add functionality as you need it.

Where would you like to start?

• Powerful web-based accounting software
• Real-time inventory management
• Complete customer relationship management (CRM) •Advanced ecommerce with built-in order management •Web-based professional services automation (PSA) •Real-time financial consolidation and global  business management

Our solutions are elegant and intuitive with a focus on simplicity.  Experience indicates this result in solutions those are easier to use with predictable behavior and flexible design.

ERPtribe is dedicated to understanding your business ecosystem and align your information system requirements by leveraging suitable technology.  This ensures cloud ERP applications will be implemented according to the needs of your organization per the industry best practices.

Let ERPtribe make your life better, even if you are already in the cloud.  With cutting edge Cloud ERP systems that float so your business can fly.

“Successful businesses may soon have no chief executive, no headquarters and no IT infrastructure”, says Nick Martindale