Cloud-based enterprise resource management platforms (ERPs) have the potential to drive digitalisation throughout the organisation at scale without compromising on innovation, growth and operations. As McKinsey highlights, cloud-based ERP solutions can provide organisations ‘of all sizes with the customisable services, expertise and connectivity they need to digitise at scale’. And they can leverage the ecosystems created by hyperscalers such as Microsoft to expand their ERP capabilities and investments on demand.
Cloud opens up a whole new way of doing business and expanding operational and functional capabilities with ERP, and here are five of the most significant benefits:
01: Scalability and flexibility
Cloud-based ERP systems provide you with an intensely scalable and flexible architecture that can be customised to suit very specific business requirements. Leveraging the flexibility of cloud, companies don’t need to invest wholescale into comprehensive ERP systems and changes that cost significant time and money. Instead, ERP shifts into a more modular approach that allows for you to incrementally optimise and modernise systems based on which areas of the business are most in need of digitisation and optimisation.
02: Increased productivity
Cloud-based ERP can be embedded within the very fabric of the organisation, creating an integrated web of connected systems that allow for improved collaboration and productivity. As teams can communicate more clearly, access data with more efficiency, and connect more effectively, there are less risks around limited visibility, poor data accessibility and siloed approaches. When everyone can easily connect and collaborate, the upshot is radically improved productivity gains throughout the business.
03: Third-party support and capability
When you opt into a cloud-based ERP, you’re opting into a managed third-party environment that provides you with exceptional security, support and functionality. You don’t need to rely on your own infrastructure or tin (hardware) at all, instead this is all managed off-site by experts who can work with you to ensure your ERP system is aligned with your business. They also manage your updates, maintenance, backups, recovery and service – all of these are significant benefits as they alleviate the burden on the business while delivering exceptional ERP capabilities.
04: Exceptional remote and mobile access
A cloud-based ERP is a very welcome addition to the world of hybrid and remote working. It allows for organisations to deftly manage a geographically dispersed workforce with relative ease and it ensures that mobile devices can be securely integrated within the system through ERP-enabled mobile devices and security. This is a much-needed shift in ERP functionality that really does empower both employees and the business.
05: Insights and analytics
Organisations now gain real-time access to data and analytics through a cloud-based platform that has intelligence and analytics capabilities baked into its very bones. You can leverage this real-time visibility to improve decision-making, change processes, adapt operational priorities and drive improved customer and employee engagement.
The Microsoft Dynamics ERP solution is designed to help organisations realise all these benefits, plus several more. With Dynamics 365 within your business and Mint at the helm, you get a market-leading ERP solution seamlessly integrated throughout your organisation that provides you with intelligent, real-time data and predictive analytics within a secure and trusted cloud technology.