Businesses all around the world strive to grow and become successful. But what happens when the business grows faster than expected? For bigger businesses, it may not affect them as much because they have adequate resources. However, for small and medium sized businesses, due to lack of staff, workspace, and proper network infrastructure, they may not be able to efficiently manage the growth of their business.

To deal with this challenge, small businesses could consider moving to the cloud. Studies have shown that businesses that have moved to the cloud have achieved 21% higher gross profit and have grown 26% faster. One cloud-based technology is Cloud ERP, where ERP stands for Enterprise Resource Planning.

Cloud ERP is an all-in-one business management software tool that allows all departments to access data in real-time through one system. The main difference between Cloud ERP and On-premise ERP is the costs involved, the changes over time, and the security. By using Cloud ERP, businesses can enjoy cost savings, effortless upgrading processes and higher security.

Below are 4 ways your business can run faster with Cloud ERP:

  1. Rapid deployment to the cloud

When you use the Cloud, you will not need to purchase, install, and maintain the server equipment. This saves you money, time, and energy. Moreover, all security and maintenance will be taken care of by the Cloud provider, allowing you to focus on other important aspects of the company.

  1. Scale upwards instantaneously

The speed of cloud scalability means that when an opportunity for growth presents itself, it is easier to evolve your IT infrastructure to be as powerful and expansive as required. You can scale up immediately and get to work faster.

  1. Increased speed-to-market

The market for all industries demands fast service, product and service reliability and transaction predictability. If not handled well, it could negatively affect your business. Moving to the Cloud allows you to push products to the market much quicker.

  1. Fostering an agile workforce

As data is stored in the cloud and not locked up in individuals’ machines, staff can access data 24/7 and make decisions on the go wherever they are. They can do more and collaborate.