For businesses to survive in this competitive world, they must constantly develop and enhance their business strategy to satisfy market expectations. The same is true for the technologies being used by them. The role of an ERP system is significant in enhancing the efficiency of a business. The recent pandemic and sudden shift to new ways of working has accelerated the adoption of Cloud ERPs as never before. Cloud-based applications allow employees to get their work done from anywhere with an internet connection. A 2020 survey of finance executives indicated that 20% of the respondents expect to spend more on cloud ERP technologies.
Is cloud ERP a powerful strategy for business continuity?
Will a cloud-based ERP system be able to integrate with our other business applications?
What are the financial benefits of migrating ERP to the cloud?
How secure is Cloud ERP?
These are some of the common questions which most organizations are worried about while thinking about an ERP implementation. Read on to know, how migrating your legacy on-premise systems can help your business.
How does traditional On-premise ERP vary from a cloud ERP?
Businesses rely on ERP systems to help gather and organize data from various divisions and business units. The major differences between cloud and on-premises systems are their means of deployment and their pricing structures. The conventional on-premise ERPs are hosted on the company’s own servers and managed by an IT team or an external consultant. There is a constant need for upgrades and hardware investments to run them. When upgrading an ERP locally, IT must redeploy it to all PCs and re-implement the different modifications and integrations that were installed initially. Whereas a cloud-based ERP solution is hosted on the server of a vendor/service provider and users may access them via a web browser. It is also known as SaaS, since the ERP software will be maintained by the vendor. The cloud ERP provider will provide auto-upgrades to the software as part of your subscription and maintain the infrastructure, saving you money and time.
Why is the Cloud-Based ERP gradually taking Over?
Cloud ERP solutions have several advantages, such as automated updates , cheaper upfront expenses, less in-house IT maintenance, and worker mobility, to mention a few. Essentially, your cloud ERP system is a key to establishing a unified and adaptable corporate system with integrated solutions to meet the needs of your different business departments such as CRM, procurement, sales and distribution, accounting, and human resources. They provide several benefits which traditional ERPs can’t even offer at the basic level, like improved accessibility, mobility, and disaster recovery.
Top Reasons to Move to Epicor ERP on Cloud- The Best Cloud ERP Software
Epicor ERP is recognized as a visionary ERP software in the Gartner Magic Quadrant. It offers industry-specific solutions built to cater to the needs of organizations of all sizes, in different industries including Manufacturing, Distribution, Retail, and Services. Hosting Epicor ERP on the cloud offers flexibility, scalability, and ease to keep pace with innovation and help your business achieve agility and growth. Here are the top reasons to move to Epicor ERP on Cloud.
Benefits of Epicor on Cloud
Attractive Cloud Economics
Even though the cloud has demonstrated its usefulness beyond merely making financial sense, the economics of cloud deployment is definitely one of the most appealing factors for businesses of all sizes. Epicor Cloud ERP implementations generally cost 25–40 percent less than their on-premise counterparts. Many businesses opt for the cloud because it does not cause a major impact on their cash flow as there is no major up-front investment needed as in a typical on-premise deployment.
Efficient use of IT resources
By moving your ERP to the Cloud, you can offload the enormous amount of work your IT team does in maintaining the servers and keeping the systems running. They will now have more time to work on strategic activities and thus align better with your business goals. Epicor ERP on the cloud enables you to adopt the latest technologies to stay competitive.
Easy Software Upgrades
Upgrades, large and small, are made simpler with auto-upgrades as part of the standard cloud support services, and this requires no project management from the customers. Major upgrades are announced well in advance and minor updates are deployed transparently in a non-disruptive manner. Epicor users even get a sandbox training environment and end-user training for major releases to know what’s in the release before you upgrade to it.
Access anytime and anywhere
ERP migration to the cloud enables access to real-time systems for the employees as an everyday element of their work. Deploying Epicor on cloud makes it easier to collaborate across the enterprise in real-time, from contract designers to outsourced manufacturers to third-party logistics suppliers to your end customers, while ensuring security of your business data.
Achieve greater scalability
A lot of organizations select cloud-based ERP systems because it enables them to install a far more comprehensive solution than they could manage traditional deployment techniques. In addition to the financial and operational advantages, companies using Epicor ERP typically highlight the flexibility to scale their system instantaneously. You don’t need to increase your IT infrastructure to scale your system. You can add users to the system on demand allowing to grow your system without having to worry about scaling hardware and infrastructure.
With your industry best practices built into Epicor ERP, you get out-of-the-box solutions your business needs without having to do any customizations. This ensures you get the most appropriate solutions for your industry implemented faster at lower costs and this guarantees faster time-to-value.
Moving to Epicor Cloud – Customer Story
We, at RheinBrücke, offer industry vertical template solutions based on Epicor ERP for various industries like Discrete Manufacturing, Process Manufacturing, EPC, Interiors Design, Retail and Distribution, etc hosted on the RheinBrücke Cloud. We partner with Moro Hub to offer secure cloud solutions. Many of our customers have migrated their on-premise applications to cloud. Here is a story of one of our customers who migrated to Epicor Cloud ERP.
Bond interiors is a UAE-based interior design company offering interior design services to their clients ranging from hotels, malls, banks and yachts to airplanes.
The company was on Epicor 10 and was looking for an organization wide IT infrastructure revamp. The onset of COVID-19 made move to the Cloud a business imperative and the company initiated their move to the cloud. The on-premise environment was moved to our RheinBrücke Cloud environment after completing 2 rounds of testing and training to the Bond IT team within three weeks.
The goal was to simplify and standardize the IT landscape and eliminate unnecessary customization, to streamline interoperability, enable enterprise integration as well as simplify the upgrade path.
The Epicor ERP solution on the RheinBrücke Cloud provided Bond Interiors an opportunity to redesign their IT infrastructure and accommodate the need for scalability and agility that the business environment demands today. The transformation to the Cloud enabled them to automate their complete business processes at a reduced CapEx using the out-of-the-box solution – RheinBrücke’s interior design industry vertical solution without any customizations or investing in any other project management software. All business processes were engineered to fit into the standard Epicor solution and this extended to all functions of the business including HR & Payroll, using Epicor Payroll solution. Epicor on the cloud is now integrated with the estimation software Candy.
Features of Interior design vertical solution from RheinBrücke:
However, according to their CFO, the major reason for migration to the cloud was access to real-time data. He said he believes “Data is King”. Their teams working on pre-tender estimates for projects will now be able to gain better insights from data on the actual vs estimate costs for their projects and improve the accuracy of their estimations accordingly. This ability to do estimates based on data-driven insights alone is expected to increase the revenue by 380% in the next 5 years. The business process automation and better decision making will save anywhere between 2% to 5% per project depending on the size of the project. Bond re-engineered their processes to retrofit Epicor Out-of-the-box Project Management Module capability to achieve this transformation leveraging RheinBrücke’s consulting team and implementation methodology.
The Cloud Transformation upgraded their Infrastructure Security to a level that also enabled the company to work with banks host-to-host, allowing them to automate their payments by giving approvals directly from their ERP system. This led to a significant reduction in paperwork and higher productivity of their senior finance and project teams.
In the words of the CFO of Bond, Mr. Mohammed Sartawi, “We went to sleep one day and the next day we were on the cloud. It was literally as simple as that. We are extremely happy with the work done and we 100% recommend Epicor and RheinBrücke to anyone else.”
To successfully compete in today’s market dynamics, business need the agility and flexibility of the most highly efficient, streamlined ERP Solution. That’s why the cloud is increasingly becoming the preferred deployment option for businesses of all size. Migrating to the Epicor cloud offers a variety of clearly verifiable advantages. The Cloud ERP software system effectively consolidates and controls data, allowing authorized users to view, check, and edit data from any location at any time. Thus, Epicor ERP on Cloud empowers businesses to innovate and reach their goals faster.
RheinBrücke collaborates with Epicor to deliver industry-specific ERP solutions that are tailored to the demands of diverse sectors. To learn more about Epicor ERP on RheinBrücke cloud, click here.