A guide to cloud ERP and how it can help your business

How familiar are you with the ERP cloud? Your company could be running an on-site solution. You may have done some research, and even shifted some of your operations to cloud tools. You do not know anything about cloud-based ERP, and this is your initial experience. Before we explore the ERP cloud in detail, let’s describe it.

Cloud enterprise resource planning software, or Cloud ERP, is a suite of business applications that access business data in real time over an internet connection. Often called Software as a Service or SaaS, programmes and data are stored on remote servers and do not need on-site hardware. Businesses save money with Cloud ERP by reduced IT support facilities, subscription fees instead of upfront licencing and equipment costs, and no upgrade projects. A cloud-based ERP framework provides the company with a single place for all business data and resources for financial management, supply chain management, order processing, customer relationship management (CRM), execution, project management, procurement and more.

Top Gain

Outside of cost savings and tools, cloud-based ERP software provides major benefits. With features such as mobile apps and the Internet of Things (IoT), cloud-based computing is leading the way in innovation.

Cloud ERP platform vendors master future business processes by combining technologies that are intuitive and focus on reducing manual tasks. Some of the main benefits include:

Automation: ERP software not only offers one source of business information for your business, it also helps with streamlining processes. An aspect of this is the automation of manual tasks to save you time and allow you to do work that requires more human involvement. Tools such as artificial intelligence (AI) and machine learning can not only evaluate knowledge and predict patterns, but can also learn rules and exceptions for particular processes.

Collaboration: The Cloud ERP is optimised for collaboration. Users can access business information remotely and collaborate with colleagues via cloud-based ERP applications using internal communication features. In addition, the exchange of data between departments may be as easy as granting access permissions.

Improved insight: Business information tools are integrated in cloud applications, offering a framework for real-time access to data. In addition, modern user interface (UX) presents information in an ordered and consumable manner through resources such as dashboards, infos and infolets.

Continuous upgrades and new features: Cloud computing does not need upgrade projects to take advantage of new tools or enhanced protection. Software updates and new features are deployed automatically after release, ensuring that all customers are running the same version of the software at any given time.

High availability: Cloud ERP systems are low downtime. In reality, Oracle guarantees 99.5 percent availability and 99.96 percent uptime on average. This eliminates the workload of your internal IT team and promises almost uninterrupted access to your business data.

Protection of Cloud ERP

Business leaders rely on cloud software for their protection. Public cloud servers such as Oracle protect data using the latest security features. Their whole business depends on how well business information can be safeguarded. Oracle is no different – cloud servers are managed using an advanced, multi-layer protection scheme in order to keep intruders out but to allow access to those with proper credentials.

If you store data on a public, private or hybrid cloud, there are steps you can take to preserve security. Four of Oracle’s best practises for data security are as follows:

  • Responsibilities of the segment
  • Safe the device
  • Have a schedule for you
  • Updates

No (fire)walls are impenetrable, however. In the case of some kind of compromise leading to problems such as data loss, it is important to have a plan to plug the hole and boost security to help avoid a repeat. This is one aspect where cloud-based ERP software shines – cloud providers are able to deploy the latest security patches when accessible to all customers.

Innovation:

Cloud ERP has no monopoly on the use of innovative technologies to help consumers develop their business processes, but it is definitely at the forefront of innovation. Computer vendors continue to develop their products in order to incorporate the latest technologies. Any of this creativity can be found within the core features of cloud computing, such as user experience (UX) aspects such as drag-and-drop customization or social media integration. Other advancements, however, have become essential resources.

Mobile phone

More workers work remotely than ever before. For several, you don’t need to be in the office any longer to do your work. Whether it’s on your journey, when you fly or from your home office, apps that can be accessed from mobile devices make your business data available from anywhere.

Mobile functionality also facilitates closer communication between the shop floor and the front desk. Staff on the floor have access to data in real-time. This helps you to detect potential issues sooner while making supply chain management, logistics and inventory management are more effective and efficient.

AI and automated learning

Although artificial intelligence and machine learning seem to be buzzwords lately, their effect on the ERP cloud is anything but that. Agility is a beneficial feature of cloud-based computing allowing businesses to adapt to ever-changing market conditions. To be good, you’ve got to be constantly learning, and that’s going to apply to your ERP. AI and machine learning are helping you with that.

Digital assistants and chatbots are AI-powered and use natural language processing and comprehension to streamline communications and commands. They react instantly and communicate like human beings. Digital assistants can be used to easily find details on your ERP device, complete manual tasks, and automate repetitive functions. In addition, machine learning is used to construct algorithms that recognize patterns and complete tasks based on “learned” data.

Blockchain

Another major impact buzzword, blockchain in ERP, is a method of data sharing that improves protection by breaking up data into blocks and chaining it together – hence the name. Under the blockchain framework, manipulation and data tampering was avoided because while data can be exchanged with a group of users, it cannot be changed without alerting all members of the group.

Blockchain comes with various benefits outside of its enhanced protection. Siloed data can be exchanged confidently with one framework, enhance communication and allow monitoring. Due to its reliability and proof of any tampering, trust is built between the participants of the blockchain. In addition, this guarantees the reliability of the information in the chain and the integrity of the goods manufactured as a result.

Continued research and development

When technology grows, so does what we know about it. ERP solutions focused on cloud are not excluded from this. Advanced capabilities are just as useful as they can be used to offer – ensuring that cloud providers are continually finding improved applications for their state-of-the-art technology. Oracle upgrades its cloud every 90 days to provide its customers with new capabilities.

Cloud-powered ERP in all sizes

Oracle ERP solutions are available for any enterprise, regardless of their size. Its cloud products – Oracle ERP Cloud and NetSuite – are scalable and versatile for you to work with.

Oracle ERP Cloud: This complete suite of software is fully cloud-based and scalable for a mid-size company to continue to expand, or for a large business to confidently handle complex and high-volume business processes. Integrated with a multi-layer approach to data protection, Oracle ERP Cloud protects the data regardless of whether you are using a public, private or hybrid cloud.

NetSuite: While widely used by small to medium-sized and fast-growing companies, NetSuite is a full-service solution that is affordable but can scale with you as you expand in the long term. Seeing the signs of Quickbooks growing out? NetSuite provides robust applications that allow you to run your business entirely through this true cloud solution. Built-in business intelligence blends clarity and perspective, allowing you to make educated choices.

Why is the Oracle cloud ERP?

Numerous cloud ERP solutions are available on the market. Then why do you want the Oracle cloud ERP?

Agile: As discussed above, Oracle’s cloud platforms have agility in order to work strategically. Business is constantly evolving, and companies need to respond quickly. This will extend to your ERP solution. Cloud solutions are inherently more interactive because of their accessibility. This collaborative nature helps to remove data from silos and helps ensure that everyone is on the same page – crucial in reacting rapidly and intelligently to changing circumstances.

Accessible: The Oracle Cloud Platform is conveniently accessible from anywhere with an Internet connection. However, Oracle also promises an overall availability of 95 per cent of its cloud resources. This service promise is financially backed, which means that if Oracle is unable to uphold its guarantee, you can apply for service credits to compensate for downtime.

Scalable: Oracle cloud, if you consider ERP Cloud or NetSuite, can be a long-term business solution for your company. Scalability is key – as you expand, the data processing load is increasing. Oracle cloud systems give you the flexibility to adjust to changing environments and workloads. In the future, if the business processes are expanded or transformed, adding ERP applications and features to accommodate these improvements is generally uncomplicated and inexpensive.

 

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