Understanding ERP: Key Concepts and Benefits
Top Strategies to Increase Engagement and Conversions Effectively
Suppose you’re running a business, especially in manufacturing. In that case, you have probably experienced the challenge of managing daily operations, tracking inventory, handling orders, and staying on top of production schedules while trying to grow and remain competitive. Perhaps you’re still using spreadsheets, outdated tools, or a traditional on-premise ERP system that is starting to hold you back more than it helps.
You may ask yourself whether switching to a cloud ERP system is worth it. Will it solve your business challenges, or will it just bring new complications?
You are not alone in this. Many businesses are asking the same question. As the market becomes more dynamic and customer expectations continue to rise, companies seek to be more agile, efficient, and cost-effective. Cloud technology has already transformed many business areas, and ERP is no exception. The cloud ERP market is projected to grow from USD 87.73 billion in 2024 to USD 172.74 billion by 2029, with a CAGR of 14.5 percent.
While traditional on-premise ERP systems have delivered value over the years, they have limitations, particularly in cost, scalability, and ongoing maintenance. These challenges are even more noticeable for manufacturers with complex workflows, such as those in the corrugation industry, where agility in production, material handling, and subcontracting is critical.
This blog will walk you through the key benefits of cloud ERP software and how it can help your business overcome the limitations of on-premise systems. Keep reading if you want to streamline your operations, reduce costs, and make smarter decisions.
Cloud ERP software centralizes data from manufacturing, supply chain, budgeting, procurement, inventory, financials, and accounting, among other areas, to assist businesses in managing their enterprises. It indicates that every customer uses the same software version, but is divided at the database level.
Cloud ERP is hosted in the data centers instead of local on-premise servers. This helps any internet-connected device to access the solution from anywhere. Moreover, the cloud provider is responsible for security patching, upkeep, and upgrades so that you can focus on your core business activities.
Choosing the right ERP deployment model is a crucial decision that impacts your organization’s scalability, cost structure, and overall efficiency. While cloud ERP offers flexibility, remote access, and lower upfront costs, on-premise ERP provides more control and customization for businesses with in-house IT capabilities.
To help you make an informed choice, here’s a detailed comparison of cloud ERP vs. on-premise ERP across major aspects:
Having understood the basics of cloud ERP and its key differences with on-premise ERP, let’s explore how using cloud ERP software can benefit your business.
Cloud ERP offers flexibility, scalability, and accessibility compared to traditional on-premises solutions. The benefits vary from business to business. A corrugated box manufacturer, for example, will have different reasons for choosing an ERP system than a warehouse and logistics company. Having said that, here are some cloud ERP benefits that apply to everyone.
Cloud ERP system ramp-up is significantly faster (a few weeks to a few months) than on-premise deployment (at least a year) since your SaaS provider takes care of software and hardware installations and assigns specialized personnel with knowledge of data center administration.
Moreover, cloud ERP business software, like consumer mobile apps, is easily configurable because of its modular design. The user-friendly layout speeds up productivity and enables organizations to take advantage of opportunities by learning how to use it quickly.
Subscription services eliminate the need to buy hardware or ERP software up front. Since the supplier handles upgrades and maintenance costs, ongoing IT and associated staff expenditures are also reduced.
For example, a packaging and printing company can reduce IT infrastructure and staffing costs by adopting a cloud ERP solution, allowing them to focus spending on raw materials and machinery upgrades instead.
It also eliminates the need for internal data centers and enables companies to pay only for the number of workers who actually utilize the ERP systems.
With Cloud ERP, scaling becomes effortless. The capacity to readily scale when a business’s demands change is one of the most alluring aspects of any cloud-based ERP. In contrast to an on-premise system, which requires a lengthy and labor-intensive process and a significant capital investment, you can easily add more computing power or data storage capacity with it if your business grows quickly.
For instance, an FMCG manufacturer can use a cloud ERP solution to add new production lines and manage increased order volumes during peak seasons without performance issues.
Large security teams at major cloud ERP providers ensure you don’t have to worry about third parties hacking your data. The technology completely encrypts your data and keeps track of everything you do. In addition, it handles disaster recovery and data backups and employs multi-factor authentication.
For instance, role-based access controls and encrypted cloud storage can help a corrugation and paperboard mill protect sensitive raw material supplier data and pricing structures.
Additionally, cloud ERP systems reduce the risk of physical theft since they are housed in centralized, safe locations.
Cloud ERP software like Microsoft Dynamics 365 Business Central gives users instant access to critical data, such as sales numbers, consumer patterns, and stock levels. It also identifies improvement areas, which helps make prompt and well-informed decisions.
For instance, if the procurement department of a business receives timely updates on the company’s need to enhance output due to higher client demand, it can place an order for the required materials quickly.
Moreover, the information and applications are housed in a central cloud location. This removes the complexity of several software integration points, further lowering the possibility of erroneous data for forecasts and reporting.
With real-time inputs in a work setting, cloud ERP makes it easier to conduct user acceptability testing and beta-test APIs. Compared to conventional testing environments, which only produce hypothetical findings, cloud ERP provides precise test results.
Intelligent technologies are being included in contemporary SaaS ERP solutions to increase efficiency. These technologies include robotic process automation (RPA), artificial intelligence (AI), machine learning, and the Internet of Things (IoT), which enables machines or sensors to send data to apps over the cloud for real-time status updates.
In addition to being accessible through web browsers, cloud-based ERP software applications are increasingly being paired with mobile applications that facilitate the generation of reports and the completion of simple tasks.
For instance, cloud ERP used by a corrugated box manufacturer can enable supervisors to approve purchase orders and monitor inventory levels directly from their mobile devices.
Cloud ERP providers take the initiative to adhere to national, state, and international regulations, including GAAP (Generally Accepted Accounting Principles), GST, MCA (Ministry of Corporate Affairs) filings, and ROC (Registrar of Companies) reporting.
Cloud ERP software incorporates these and other rules and updates them automatically to ensure that companies consistently meet or surpass compliance requirements. Many cloud ERP systems now provide localization capabilities to assist compliance across international operations, enabling businesses to transition between different nations’ requirements.
With cloud-based ERP, monitoring your accounts and updating data in short intervals is simpler. Additionally, cloud ERP eliminates the burden of file organization and paperwork management by enabling you to create invoices and handle returns.
For instance, a packaging and printing company can simplify job costing and client billing by generating digital invoices linked to each print run, helping the finance team reconcile project-based expenses more efficiently.
Because the vendor handles customizations, modifying cloud ERP solutions according to your unique business needs is a more straightforward and less costly procedure than doing the same in an on-premise ERP.
For instance, a paperboard mill can add custom fields in its ERP to manage reel dimensions, GSM tracking, and moisture content, ensuring its quality control standards are precisely met.
Customers can easily switch cloud application providers, so providers are motivated to offer round-the-clock assistance for potential service problems or updates and 99.99% uptime.
SB Infotech is a trusted Microsoft Partner with the industry expertise to turn complex business challenges into simplified solutions. With powerful tools like CorrEx, customized implementations, and round-the-clock support, we don’t just integrate ERP—we deliver results.
Adopting a cloud ERP system is critical for any growing business looking to improve efficiency, scalability, and real-time control. SB Infotech specializes in delivering smooth, strategic cloud ERP solutions based on Microsoft Dynamics 365 Business according to your industry, operations, and future goals.
Here’s how our team ensures a successful transition to a cloud-based ERP system that supports your long-term business performance:
With deep domain knowledge in industries like corrugated packaging, printing, logistics, and manufacturing, we customize every ERP deployment to align with your unique workflows. Our expertise ensures that your cloud ERP system reflects your business’s real-world challenges and requirements.
We don’t believe in one-size-fits-all solutions. Our experts work closely with your team to configure modules, fields, dashboards, and reporting tools like Power BI so your ERP system fits your business, not the other way around.
From planning to go-live, we manage the entire implementation lifecycle with precision and agility. Our cloud-based approach allows for faster deployment and minimizes disruptions to your day-to-day operations.
Whether you need to connect with third-party applications, APIs, or tools like Power BI, Jet Reports, or external compliance platforms (such as GST, E-Invoice, or e-Way Bill portals), we ensure your cloud ERP integrates smoothly into your ecosystem.
We provide hands-on training and change management support to help your team confidently adapt to the new system. Our approach reduces resistance and accelerates user adoption, ensuring a smooth transition.
Our association doesn’t end at implementation. We offer continuous support, performance tuning, and feature enhancements so your ERP evolves with your business needs and continues to deliver value.
One of our flagship offerings, CorrEx, is a comprehensive add-on for Microsoft Dynamics 365 Business Central, explicitly designed for the corrugation manufacturing industry.
CorrEx offers features customized for corrugation manufacturers, including detailed finished goods specifications and standardized process routing with quality checklists. It streamlines subcontracting by tracking outsourced work and provides clear visibility into gate inward/outward movements for better logistics control. Reel management helps monitor paper usage and reduce waste, while dispatch scheduling ensures timely deliveries. Additionally, machine integration supports real-time monitoring to minimize downtime and improve efficiency.
Contact our experts to explore how utilizing a cloud-based ERP solution can align a wide range of business activities across various departments and drive growth.
Implementing a cloud-based ERP system is a strategic move for businesses aiming to boost agility, scalability, and operational efficiency. By centralizing data, automating processes, and enabling real-time access across departments, cloud ERP helps organizations respond faster to market changes, reduce overhead costs, and make more informed decisions.
Successful cloud ERP adoption requires careful planning, considering factors like data migration, integration with existing tools, and user adoption. When done right, it modernizes your business and sets the foundation for long-term growth, innovation, and competitive advantage.
If you’re considering transitioning to cloud ERP, partner with experts who understand your industry challenges and can deliver a customized, future-ready solution like SB Infotech. With the proper guidance, your business can fully realize the cloud’s transformative potential.
Top Strategies to Increase Engagement and Conversions Effectively
Top Strategies to Increase Engagement and Conversions Effectively
SB Infotech is a Microsoft ISV Partner delivering tailored ERP solutions with a commitment that sets us apart: we listen, we support, we deliver.
Contact
© Copyright 2024 SB Infotech – All Rights Reserved.
