Are you a small-to-medium business (SMB) considering moving from an on-premises enterprise resource planning (ERP) tool to Oracle ERP Cloud? While productivity, security, and cost efficiency are major motivators for any organization
looking to take advantage of this generational shift in computing, there are many other compelling reasons to make the change.
Still on the fence? Check out this video of the CFO of tomorrow and then consider these five reasons why other SMBs are making the decision to move to the cloud.
1. Modernize your small-to-medium business (SMB)
The way we do business is changing at an accelerated rate, and on-premises software can’t keep up. Instead, Oracle ERP Cloud is built on machine learning, making it part of a truly modern cloud suite for a small-to-medium business. The Oracle ERP Cloud is extensible and flexible. Being designed for the cloud from the ground up, it enables companies to easily take advantage of new technologies such artificial intelligence (AI), the Internet of Things (IoT), machine learning, blockchain, intelligent process automation (IPA), new human interfaces and more.
2. Say goodbye to all those updates
Lengthy, disruptive update cycles are a thing of the past.
Being part of the cloud means you’ll have access to frequent and easy-to-adopt updates to your new enterprise resource planning (ERP) tool. This allows a small-to-medium business (SMB) to always be up-to-date and able to take advantage of continuous innovation. Plus — you’ll benefit from improved flexibility, unprecedented security, built-in analytics, and the ability to answer “what-if” questions to help make better decisions across the entire organization.
3. The business value is convincing
A transition from on-premises ERP to a cloud solution means less business disruption and higher business value.
For example, Payscout saw transformation after implementation, specifically with the time transaction flows take. Juan Sotelo, Chief Operating Officer of Payscout, says, “Using Oracle Financials Cloud, Payscout can now compress transaction flows from the consumer’s purchase to the merchant’s payment receipt within minutes—down from weeks—without paying for or waiting on teams of payment specialists to manually process the transactions.”
4. It’s an economically sound decision
According to Nucleus Research, the total cost of ownership (TCO) with an enterprise resource planning (ERP) cloud is 52 percent less than on premises applications. And, better yet, the risk of technology obsolescence (RTO) is totally eliminated.
Ian Campbell, CEO of Nucleus Research, says, “Quantifiable returns from cloud deployments continue to dramatically outpace the returns from on premise deployments. Nucleus found the average company achieved a 3.2 times greater return on investment from the cloud when compared to an on premise solution.”
5. Consider it easy to upgrade to the cloud
Long gone are the days of lengthy implementations. Oracle ERP Cloud customers enjoy faster implementation times with less business disruption. Oracle Consulting and thousands of Oracle partners worldwide have created affordable upgrade service packages available today.
Need even more reasons to move your high-growth business to the cloud? Access the Nucleus Research report or use our ROI calculator, and you’ll be ready to build your business case.
Source of the blog: Netsuite blog