In order to provide better services to customers, businesses are expanding worldwide. They are no longer confined to a specific location or region. They are establishing subsidiaries, offshore units, and branch offices everywhere around the world. However, while doing so, they face multiple challenges, such as variation in laws, taxation norms, industry compliance, and languages.
To curb those challenges, Cloud ERP is empowering international businesses to manage operations and business processes competitively. It also provides country as well as company-specific features for setting up offices in a completely new area. Combining the capabilities of ERP and the intuitiveness of cloud computing has helped businesses penetrate new markets and manage new customers in a distant location with ease.
Compliance in the cloud is much easier
Every manager is aware that cloud-hosted ERPs are far better than manually maintaining all records. The cloud does not only provide services for processes and data, but it also provides better opportunities for the development of innovative ideas, such as IoT (Internet of Things).
The cloud allows you to automate many of your tasks. You can connect your subsidiaries and branch offices to your main office using the cloud. This would allow synchronization across all branches and will make it easy to manage various tasks as well. Due to this, you can ensure that your business is adhering to all the local regulations and compliances at every stage.
Implementing and managing ERPs was never easier. However, with cloud-hosted ERPs, it has become easy to use, convenient, and scalable with total control. You can manage financials, supply chain, operations, reporting, and manufacturing, as well as human resource activities.
It is difficult to use hacking tactics on something that is intangible; Cloud ERPs are more secure as they are over the cloud. Research was done by Google recently where they distributed 300 USB drives around a college, and many students picked up those pen drives and inserted them into their computers, which lead to virus attacks in their systems. If IT employees were in place of college students, the entire corporate security system could have failed. This simply shows that physical entities are more prone to hacking than the cloud-based systems.
In the advanced world where someone could steal your entire earnings overnight, you shouldn’t trust anyone and should even be leery of your own employees. Therefore, limited access to only the resources they need should be provided to them. Role-based security allows your employees to access the resources that are important to complete their jobs and avoid any wastage.
Read more about Cloud Wastage and how to prevent it.
Data is handled by the cloud ERPs well, as they provide consistency, accuracy, and security to your organization’s data. This is important as data may end up in wrong hands, which you would never want.
Cloud ERP is useful when you are spreading your business globally, as it allows for easy management of resources and provides security. Sub-branches are benefited by the Cloud ERPs because it reduces the cost and lead times. It also provides automated intercompany processes. You do not have to wait for software updates to improve your business processes as you gain complete transparency.
Cloud ERP has revolutionized the way international business is conducted within the past few years. It has empowered organizations with intelligent insights and capabilities that aides them in making crucial and informed decisions. Is your business still relying on the old school model of software and infrastructure? Are you planning to move to the cloud? Now is the best time. Talk to a cloud infrastructure management expert.