If you’re looking to expand a business overseas, or upgrade an existing IT system for your global operations, choosing the right enterprise resource planning (ERP) system is one of the most important decisions you have to make.
A solution that meets your requirements, is simple to use and can be adopted quickly and at reasonable cost can be the key that unlocks sustained growth for your firm. But a badly-implemented and / or outdated solution that is not integrated with other key business tools can be a real barrier to future success.
Even the largest firms have made the wrong choices in this area. For instance, many organisations choose to run a single, global instance of an on-premises ERP solution from vendors such as Oracle or SAP. But this can often lead to lengthy deployment times, spiralling costs and ongoing trouble with flexibility and integration.
For this reason, cloud options are proving a hit for many firms. But if you’re unsure of exactly what you can hope to achieve from this solution, a recent NetSuite webinar shared insights and success stories on how multinational firms can implement the tools as part of a two-tier cloud strategy to see real results.
The presentation, which featured expert analysis from Paul Hamerman, vice-president and principal analyst at Forrester Research, highlighted four key ways in which firms can benefit from these tools.
1. Faster deployment and time-to-value
Cloud-based tools can typically be implemented in a third to half the time of a conventional on-premise system, which means businesses can get up and running and start reaping the benefits of more efficient, productive operations even sooner.
2. Cut costs
Public cloud options are usually significantly cheaper than on-premise tools, with capital expenditures usually coming in at a fraction of the cost. Firms can also expect lower ongoing maintenance and a reduced total cost of ownership.
3. Boost agility
Real-time visibility into key financial and operational metrics and the ability to scale on demand helps firms meet the needs of various divisions and ensure they have the tools they need to support the business.
4. Unified governance with local flexibility
Particularly key for firms operating across borders, this enables subsidiaries to meet any local regulatory and taxation requirements, while the headquarters is able to retain unified governance and financial analysis of the entire enterprise.
If you have any questions, or would like any further information on the benefits of the cloud, please don’t hesitate to contact us.