Top 10 Cloud ERP Adoption Reasons (Updated 2017)

In 2015, consulting firm PwC predicted that by 2016, investment in Cloud and SaaS ERP solutions would more than double while investment in traditional ERP systems would decline over 30%. In 2016 many organisations also indicated their preference for Cloud and subscription based ERP and business management solutions and proved it by investing in solutions like MYOB Advanced.

So it appears that the Cloud tipping point has been reached in the accounting software and ERP/business management software space just as it has with IT infrastructure, customer relationship management solutions and software development platforms in the preceding years.

There are many reasons why small and midsize businesses, just like yours, are now choosing to migrate to Cloud ERP solutions like MYOB Advanced. As you go through the review process its probably a good idea to take a look at these as will probably apply to your business and could be great reasons for you to look closer at an MYOB Advanced Cloud ERP solution.

Top 10 Cloud ERP Adoption Reasons for SMEs

Rich functionality across multiple industries
Affordable monthly licensing
No additional IT infrastructure investment required
Automatic updates and upgrades
Accessible from any device – mobilise your workforce
Access to enterprise-grade tools
Faster time to market and ROI
Secure, industry standard technology
Simple in built tools to extend the solution
Operating Expense vs Capital Expense

Many businesses look at Cloud-based Enterprise Resource Planning options because they have outgrown their current systems or because the they are still using outdated methods to keep track of their resources. Many small organisations using Xero or MYOB only realise that they have outgrown their systems when they start having additional requirements in areas such as job costing or inventory management. One quick fix for this is to purchase add-ons to enhance the current accounting system. The MYOB add-ons marketplace and Xero add-ons marketplace are a great place to start.

When accounting software add-ons can’t provide the functionality and seamlessness of a whole of business system, SMEs can choose from the many ERP solutions available on the market.

The Business Benefits of Cloud ERP

These areas we have covered are mainly linked to the functionality and features and financial aspects of the software but of course at the end of the day these are all linked to driving benefits and improvements for your business.

In this graphic based on a 2014 study by KPMG, you can see the main areas where businesses were using Cloud technologies such as Cloud ERP to drive transformation.

At Leverage Technologies we are seeing our Australian business customers choosing MYOB Advanced to help them in these key areas with a particular focus on:

Mobile enabling their workforce
Increasing their opportunities for innovation to drive competitive advantage
Scalability for affordable, profitable growth
Automation for business efficiency and operational excellence

Time to Consider your Cloud ERP Strategy?

With the first few months of every year being popular for small and midsize businesses to re-think and re-focus their growth strategies, it’s a great time to look at your business and whether or not Cloud solutions like MYOB Advanced can have a positive impact on your business.

Our team at Leverage Technologies including Leo Dreyer in Sydney and Ivan Kemp in Melbourne, have the knowledge and experience to help you evaluate your options – give us a call on 1300 045 046 to schedule a business transformation review to learn if the time is right for you to deploy a Cloud ERP solution in your company.