Until recently, on-premises ERP systems were the norm in the ERP space. Today, however, cloud-based ERP systems have become mainstream and nearly every ERP vendor offers some form of cloud option. Some vendors have even eliminated their on-premises ERP offerings altogether. ERP cloud migration is fundamental to the rapid adoption of cloud ERP systems.
What is ERP cloud migration?
Cloud migration is the process of moving an organization’s platforms, data and workflows onto a cloud platform. ERP cloud migration thus refers specifically to moving a company’s ERP system to the cloud. To accomplish an ERP cloud migration, some companies choose to completely replace their existing ERP system with a cloud option. Other companies choose to continue using their current system but operate it from the cloud. Both are valid examples of ERP cloud migration.
What are the benefits of a cloud-based ERP?
There are many benefits to cloud-based ERP, and they vary from business to business. Below is a list of benefits that apply to most businesses.
Cloud ERP software optimizes operations, helps eliminate outmoded business models and processes, and introduces new approaches that support business best practices. It also expedites operations across the company.
With a subscription service, there’s no initial purchase cost for hardware or ERP software. Ongoing IT and related staff costs are also lower as upgrade and maintenance expenses are covered by the provider.
Simplicity and automation
With cloud ERP, companies can consolidate independent legacy applications, standardize and integrate all existing and new applications, and eliminate the use of siloed systems. They can also simplify workflows, elegantly automate processes, and achieve new levels of efficiency throughout the business.
Continuous upgrades, delivered to everyone simultaneously, and new releases provide new functionality and application improvements that ensure that your business stays on the leading edge.
Top-flight cloud ERP systems unlock big data to access invaluable information in sophisticated data sets. This enables real-time analytics that greatly enhance decision-making. The ability to observe what is trending, forecast changes, and automate processes helps you make better use of your resources and improve customer service.
Intelligent technologies such as AI, machine learning and the Internet of Things are often incorporated into leading cloud ERP systems to optimize productivity.
With cloud ERP systems, ERP security, data backups, and disaster recovery are handled by full-time, professional security experts.
Implementing a cloud ERP system is much quicker than implementing an on-premises system because the supplier installs the hardware and software and provides dedicated staff with data center management expertise.
To scale-up a cloud-based ERP solution, you only need to add more computing power or data storage capacity.
Migrating to Epicor Kinetic ERP Cloud for risk management
There are multiple reasons for businesses, particularly those engaged in manufacturing or distribution, to migrate to Epicor Kinetic—and risk management is one of them. With governance, risk and compliance (GRC) software, Epicor Kinetic allows a business to manage risk with greater visibility and closer collaboration across the entire supply chain.
ERP systems control much of the corporate information that could potentially be at risk from piracy, fraud, and sabotage, threats that can derail a business. The only way to truly manage and mitigate risk across an organization is to have a fully integrated, end-to-end solution that provides a single, verifiable set of financial and operational metrics. Epicor’s cloud solution offers an integrated enterprise solution with built-in, application-level risk mitigation tools and Business Process Management (BPM) to audit trails and secure workflow automation— key elements of data integrity and security. It also incorporates the ability to infuse business insight through Epicor Business Intelligence and Analytics, as well as allows organizations to embrace data governance and data protection strategies, help control risk, and handle regulatory compliance.
Six S Partners would like to help you learn more about the many advantages of migrating to Epicor Kinetic ERP Cloud, including its leading risk management capabilities. On January 19 at 1:30 p.m. – 2:30 p.m. UTC-4 we are holding a customer webinar titled Epicor Kinetic ERP Cloud Migration. To register, please click here. Alternatively, click here to reach out to us now.