11 May Benefits of Cloud ERP for eCommerce
With the unprecedented global impact of COVID-19, it’s no surprise that most businesses have been forced to develop their on line operations. People have embraced social distancing as a means of slowing the virus spread, and now, more than ever, there has been a huge upturn in online transaction volume presenting challenges to businesses reeling from the changes within eCommerce world. With the ratchet effect operating here, businesses who are attracting new on line customers can achieve prolonged growth if they can retain them by focusing sustaining high levels of service.
They face challenges in their day-to-day operations in trying to deal with growing numbers and possibly of new processes all with a limited workforce. In order to overcome this and, businesses can look to the cloud for viable business-wide solutions.
By adopting a cloud model for ERP, businesses overcome the pressure of maintaining their profits, changing supplies and understanding the perspective of their customers. A cloud ERP provides a platform for businesses over the Internet and the same can also be applied to many small, medium and large companies.
Accessible visibility. Cloud ERP solutions provide accessible visibility. Through the cloud, teams can easily access live data and information to make sure staff remain connected and in the loop, despite working across several locations. Besides, cloud ERP systems are automatically updated, guaranteeing businesses are operating with the latest, most accurate data. By accessing real-time data, teams can take a proactive approach to driving business operations.
Efficient operations. Cloud-based technology provides efficient operations for eCommerce allowing teams to quickly generate reports, track profitability, review product information and manage relationships with customers – ensuring proactive and sensible decision-making at any time. Further, integrated internal messaging systems in cloud ERP platforms enable users to communicate with one another directly within the system, eliminating the need to toggle between third-party email and messaging programs. Teams can share links and documents while viewing the latest project, product or accounting information.
Control of financials. Finance is a central and strategic component for every business. Common finance and accounting procedures often rely on ‘in person‘ meetings with finance teams and external auditors to complete. When businesses use cloud ERP systems, however, finance teams can conduct business virtually, rather than side-by-side. From posting accounts receivable invoices and credit notes, to matching paid invoices to received POs – a fully integrated cloud ERP system requires little manual input. Managing financials on a cloud ERP platform provides with a full suite of eCommerce accounting functions to track daily financial operations and generate financial statements.
The most important benefits of Cloud ERP
The most important benefits of Acumatica’s Cloud ERP
Summary. Cloud-based ERP platforms act as a stable foundation for eCommerce in any circumstances, especially during unpredictable times. Adopting a cloud ERP for an eCommerce business allows to understand the customer’s behaviour and expectations, and thereby plan their products and services accordingly. They can leverage the latest data to inform decision making, remain connected with their teams and work efficiently to future-proof their business. Businesses relying on legacy ERP systems may experience disruption, but those on cloud ERP solutions can expect continuity. Cloud ERP provides eCommerce with the necessary resources and allows to take appropriate decisions.
If you’re a growing company and need an ERP that can grow with you, cloud ERP may be your best bet for its cost effective scalability and flexibility, security and speed.