Four Financial Benefits to Cloud-based ERP Suites

When it comes to running a small business, budgeting is crucial. This makes it daunting to consider new software or technology business upgrades for many small business owners. Cloud-based computing is making new technology more affordable. One example of this is ERP suites, such as NetSuite. If you are considering whether working with NetSuite Partners is a good fit for your business, consider these four financial benefits.

License: Creative Commons image source
License: Creative Commons image source

1. Reduced Utility Costs

Powering servers, workstations and other devices costs money. As your business grows, these costs will continue to increase. ERP suites and other cloud-based technologies are hosted in remote locations to help reduce the stress on your utility bills. As you consider the impact on climate control, lighting and other needs, this savings can add up quickly.

2. Reduced Technology and Support Costs

By hosting your ERP solution in the cloud, you remove a large portion of the required maintenance and support needs of a traditional on-site installation. Most providers offer availability of more than 99-percent in their service level agreements. This means that as a small business owner, you can focus on your business and not on fixing hardware issues or software configurations. The money invested in a large IT staff could be invested in other areas of the business instead.

3. Low Entry Cost

Building your own infrastructure and licensing software is an expensive endeavor. NetSuite predicts that it can save the average 100-employee business 50-percent over a traditional local solution. This is because your service provider handles everything from deployment to support and upgrades.

4. Flexible Features and Pricing

The modular nature of many cloud-based ERP solutions allows you to customize your service plan to fit your needs. Instead of worrying about hardware replacement, license upgrades or wasting money on features that your business does not need, you can modify your subscription as the needs of your business change. This allows you to enjoy greater efficiency while knowing that additional features are available as your business grows.

Cloud computing solutions offer affordable, powerful ways to address many small business problems. The affordability of ERP solutions make them ideal for optimizing and growing businesses of any size. From rapid deployment and reduced maintenance requirements to scalability and increased security, there are plenty of reasons to consider ERP solutions for your business.

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