5 Reasons to Move to a Cloud ERP System Solution

5 Reasons to Move to a Cloud ERP System Solution

by | Dec 21, 2022 | eChain ERP

When you want to simplify your company’s processes, you should switch from disparate systems to a single Enterprise Resource Planning (ERP) system. When you want to take the upgrade one step further, forego an on-site system and use a cloud-based ERP. Read on to discover five reasons to move to a cloud ERP system solution.

Reduced Cost

With a physical system, you need to pay an electric bill, maintenance costs, support fees, and more, but none of those costs are a factor when you switch to the cloud. Most of the time, you can save around 20 percent on expenses after you make the switch to a cloud ERP system.

Well-Supported

You need to hire experts when the time comes to upgrade or maintain on-site ERP systems, which can become costly. With a cloud-based ERP, you pay for the system and the service; all the updates and maintenance are taken care of, meaning you don’t even need to think about them.

High Security

Cloud-based services are loaded with the best encryption on the market. While some people worry about cloud systems having less security, it’s actually on-premises systems that pose the greater threat. Hacking isn’t a concern when you put your data into cloud ERP servers located in highly secure facilities.

Real-Time Information

Businesses need access to the latest information seconds after it comes out. After all, how can you hope to stay agile and mobile in this fast-paced world without quick access to new information? With a cloud-based ERP system, you never need to worry about making decisions based on old news.

Easy Accessibility

Do you want to use your ERP software on a desktop computer? Easy. What about on a tablet, phone, or laptop? No matter where you are, your ERP system is ready to access. And with teams all over the world switching to remote work, cloud-based ERP solutions are a gift that keeps on giving.

Now that you know these five reasons to move to a cloud ERP system solution, make the switch yourself to start seeing instant productivity benefits!

Differences Between ERP and Accounting Software

Differences Between ERP and Accounting Software

by | Aug 25, 2022 | eChain ERP

Whether you’re new to this field or you’ve been in it a while, it’s easy to confuse ERP and accounting software. While there is some overlap between enterprise resource planning (ERP) and accounting software, there are far more differences than similarities. Keep reading to discover the differences between ERP and accounting software.

What Is ERP?

The first key to understanding where accounting and ERP diverge is in learning just what enterprise resource planning is. At its simplest, ERP software is used to manage a variety of daily business activities. This includes everything from project management and compliance to risk operations and accounting. Eagle-eyed readers will notice the word “accounting” in that list—good catch!

You can think of ERP’s relationship with accounting software as that of four-sided shapes and squares: all squares are four-sided, but not all four-sided shapes are squares. ERP software can handle financial tasks and a lot more, while accounting software is only meant for the financials.

A Wall of Bricks vs. One Brick

In a wall made of bricks, every brick is important. Accounting is one of the bricks in your facility’s wall; if you remove that brick, your facility won’t be able to stand on its own. However, a wall is made up of many more bricks than one. With accounting software, you know you have one solid brick, but what about all the other factors that go into managing your facility?

It doesn’t make sense to have a unique piece of software to manage accounting, HR, purchasing, reporting, and everything else—that will just gum up the works. Instead, use ERP software and keep everything in the same place.

Industry-Specific Needs

Regular accounting software is great at managing financials, but it can’t meet industry-specific needs. You may want data masking tools or inventory tracking capabilities—these features don’t come standard with accounting software, but they do come with ERP software.

Now that you know the differences between ERP and accounting software, make sure you equip your facility with the one you actually need!