Today, digitization has rapidly taken over the world. It has completely altered the way businesses operate. From eliminating manpower to reducing cost and making business acumen secure, everything is digitized and so normalized. As businesses are paving their way towards advancement, the need to update outdated software or adopt latest cloud-based technology has become a need of the hour. That’s where Cloud ERP software has gained the attention of people across the world. From streamlining key business processes to facilitating the overall operations, cloud ERP is the crucial ingredient for business success in the digital age. This guide elaborates further to give you an overview of Cloud ERP and how it can facilitate your business operations completely.
Cloud ERP stands for Enterprise Resource Planning software which allows companies to manage their resources including – materials, equipment, employees, capital, inventory management, accounting, and HR under the roof. As a business owner, if you are looking for the software that can get your work managed in a single platform, look no other than FusionHub Cloud ERP. Since it is a cloud based software, it is accessible to users on mobile devices or desktop computers. The software brings capabilities in AI to automate manual processes in many legacy ERPs and real-time analytics to give you current updates to keep you ahead of the curve.
Types of ERP Software
The market is filled with numerous options for cloud ERP, which one to go with is the herculean task. Since not all cloud ERP software is created equally, therefore to help you make an informed decision, it is crucial to know the different types of ERP software available in the market.
On-Premises: As the name suggests, this type of software is installed on an organization’s own server and desktop. Since it is the licensed system, it can be customized and organized by the IT team in the company to streamline the business workflow. The benefits of having an on-premises software is that it doesn’t require any monthly or annual subscription fee. Further, the software also ensures data security as everything remains on-site making it a secure tool to use.
Cloud ERP: Cloud ERP has captured the attention of small and medium size businesses in the fast-paced digitally driven world. As the software runs and manages remotely, it doesn’t require an IT team unlike on-premises. Sometimes, it is also known as SaaS (software as a service) due to its ongoing billing model. The best thing about cloud ERP is that it can run everywhere at any time.
Hybrid ERP: Another ERP software we have on the list is Hybrid ERP. As the name suggests, it is the amalgamation of elements from both on-premises and ERP systems and infrastructure. Basically, this model is used by organizations with specific needs and requirements. The system also protects sensitive data from data breach and other external threat
Challenges Faced By Industries
In the fast-paced developing world, there are still many organizations which have not yet invested in ERP or Cloud ERP. Without the implementation of ERP, there are many challenges that these organizations face. Organizations suffer from inefficient operations, costly and outdated systems, etc. There are still many companies that use different software for different tasks. For example, the accounts team and HR team use different software, which makes the workflow disconnected and disjointed. Moreover, accountability becomes difficult and tasks take longer for them to complete. That’s where cloud ERP plays a crucial role in facilitating the overall business operations single-handedly.
Benefits of Cloud ERP: FusionHub
Designed exclusively for Construction Industry: Every industry is different, so are their requirements. FusionHub Cloud ERP is one such software which is specifically designed for the construction industry. The software brings state-of-the-art capabilities in AI to automate manual processes involved in various legacy ERPs simultaneously giving you real-time updates.
Developed under mentorship of Industry experts: The best thing about FusionHub Cloud ERP is that it is designed under the supervision of industry experts having 30+ years of experience in the industry. The software is designed to fulfill the gap between the modern construction industry and legacy ERPs.
Quicker implementation: Time is money and one of the major obstacles for any new ERP solution is the implementation time. This can directly affect business downtime. Since FusionHub is a cloud ERP software, it can easily and quickly be installed anywhere than on-premise deployment. It doesn’t require selecting and setting up hardware or training the staff for implementation.
User friendly interface: The software has a friendly intuitive user interface which makes it super easy to use and navigate without causing any difficulty. It also speeds up productivity and allows businesses to seize the opportunity. Since the software is developed under the guidance of experts, users can easily understand and navigate through it in an efficient way.
Low capex solution: Unlike other expensive cloud ERP software available in the market, FusionHub Cloud ERP is much cost-effective, which any small to medium size business can easily afford. Reduced cost is among the biggest benefits of FusionHub Cloud ERP that can benefit any size business tremendously.
Conclusion
All in all, as organizations continue to evolve and upgrade their operations, FusionHub Cloud ERP will serve as an independent tool to boost efficiency, improve accessibility, save cost, and ensure overall business growth. Therefore, if you’re into construction, real estate or infrastructure industry, FusionHub is a boon for you to keep a track of your business operations under one roof.