Top Reasons Why Cloud ERP Is Ideal for Growing Businesses

Cloud-based enterprise resource planning (ERP) solutions are the perfect way for small businesses to harness and analyze valuable client and business-oriented data—especially those with field service technicians or employ remote workers.

Using the right cloud ERP software provides critical insight that allows small businesses to streamline operations, properly allocate their resources, accelerate growth, boost efficiency, make more informed decisions, and save time and money.

How can it do that? In the past, ERP software was housed onsite and stored on a company’s own servers. It was also maintained by the company’s IT staff. Because of this, there were some key challenges to operating an onsite ERP solution: regular software upgrades, hardware maintenance, a dedicated IT team, and expensive operating costs. 

All of that is in the past with cloud-based ERP solutions. Being located in the “cloud” simply means the ERP software is located on a remote server and accessed through the Internet. Because of the cloud, small businesses can access their data from anywhere, at anytime. All you need to access your businesses critical information is a smartphone, tablet, or laptop. 

Below, you’ll find some of the top reasons why adopting cloud ERP software is a great option for small business in the GTA.

Cost-Effective and Simple to Implement

Compared to traditional on-premise ERP solutions, cloud ERP is easy to implement and cost-effective. 

Cloud-based ERP products can be provided as a Software as a Service (SaaS).  Every month, your small business pays a monthly subscription that covers the cost of the software license, upgrade, and real-time back-ups. 

Less effort on your end eliminates the need to invest in expensive hardware, software upgrades, and expensive service plans. You also don’t need to pay for maintenance or hire additional IT staff. 

This helps small businesses cut down on the initial investment and hardware installation costs.

Increase Core Competitiveness

Your business creates a lot of information. That data is only useful, though, if it is harnessed and analyzed. The best cloud ERP solution does just that. It collects and interprets data from crucial business features, including automation, logistics, e-commerce, accounting, human resources, etc.

Having this readily available information can provide insight into customers and business partners, making you more competitive.

Improve Business Performance

Cloud ERP solutions are faster and more scalable than on-premise ERP. This can help small businesses streamline performance across all key business metrics. Because new software updates and patches are uploaded automatically, the system is always up to date. And there is no expensive downtime. 

Cloud ERP can also help your business adapt to changing business conditions and growth. Because the ERP is cloud-based, it’s entirely scalable, you just increase or decrease the amount of online storage you need. It’s also easy to add new users, add-ons, and features.

Provides Increased Data Security

It doesn’t matter what size your business is, security is a top concern and one of the biggest reasons why small businesses in the GTA are migrating to cloud-based ERP solutions. Having a security breach can not only cost businesses millions of dollars, but it can also destroy their reputation.

Today’s best cloud ERP solutions provide a comprehensive suite of security tools that offer advantages that onsite ERP systems cannot.

• Protected by a team dedicated to cloud-security
• Automatic, system-wide updates
• Layers of fail safes and backups

Shows user footprint throughout the entire system and tracks remote workers, making it easy to track inventory, risk management, field service costs, and customer history.

TFP Canada, Canada’s Ultimate Field Service Provider

Cloud ERP is essential for small businesses looking to grow their businesses and be more competitive. TFP Canada is an affordable ERP solution that can help your growing business do just that. 

Using the best technologies for web and mobile our software is a comprehensive, versatile ERP platform that streamlines business processes, helps it run more effectively and efficiently, and keeps everyone in the organization, whether they work remotely or in the office, up to date, in real-time. Developed specifically with small- and medium sized businesses in mind, it is easy to install, customizable, and easy to use. 

To learn more about TFP Canada and how our cloud-based enterprise resource planning (ERP) software can help automate your business, improve fleet management, and reduce costs, contact us at 647-612-3300 or by email at sales@tfpcanada.com.