The advantages of cloud technology for businesses

Cloud technology is becoming increasingly popular in business. Businesses with employees, clients and contacts in different locations need to be able to access documents, spreadsheets, contacts and calendars anywhere. As long as an internet connection is available, the cloud makes this possible. Businesses use the cloud because applications are hosted on secure servers, which are accessed over the internet; instead of purchasing software, a subscription is paid to access a service online. As the business grows, the monthly subscription can be increased, and the business receives extra computing power or capacity.

As well as less cost in terms of hardware or software, the computing power is outside the business with a third party; the provider therefore is the one to call in the event of a problem, rather than having to sort it out yourself in-house. Cloud based email is handled by an external provider instead of your business server, and data is kept off-site. In addition, the cloud provides a service for storage and backup of files outside of your company – in the event of a fire or theft, all the information has been safely stored externally.

Using cloud technology elsewhere in the business

It is now possible to run most areas of a businesses’ IT in the cloud. Everything is centralized and retrievable when meeting clients, wherever you are, increasing efficiency during meetings. Business cloud services provide virtual workspaces where tasks can be assigned and tracked, and messages can be exchanged. Accounting packages that allow your accountant to access your accounts are readily available; some can provide a snapshot of profit and loss every week or month, and flag up issues such as VAT registration thresholds. In addition, cloud technology is changing the face of international business.

ERP cloud technology for international businesses

Enterprise resource planning (ERP) is business management software. ERP collects, stores, manages and interprets data from activities across the business and shares it between departments, thereby facilitating information flow. Cloud ERP means software is available from a third party service provider, available through the internet. The right software is paramount. Charles Phillips of Infor is CEO of a leading applications firm that is also one of the world’s largest business software makers.

The advantages of ERP cloud technology for international businesses

Because it is modular, organizations need only implement the ERP cloud technology modules they need, which is a cost-efficient way of achieving improved productivity. Cloud ERP eliminates the need for a large IT team with a complex procedure when it comes to responding to business needs.

Cloud ERP is faster to implement and operate than other forms of ERP and can reduce running costs – no hardware is required – and it is secure and reliable. ERP cloud technology improves productivity and efficiency and maximizes the use of available resources. More and more businesses are planning to switch from their core ERP system to the cloud in the next few years and eventually all business processes and data could be centralized in the cloud.