Business process transformation is one of the major ways how cloud technology is aiding digitisation. Realising the pivotal role of the cloud in their business operations, organisations have increasingly embraced it as a preferred platform for running various applications. The enterprise world has witnessed unprecedented digital disruption in recent times, and business environments have become more complex, however at the same time, there are also greater possibilities to streamline them.
Embracing growth-oriented IT best practices is imperative in today’s highly competitive marketplace and simplifying business processes is among the foremost steps in this direction. However, as businesses continue to grow, so do their resources and workloads. Therefore, an Enterprise Resource Planning (ERP) application becomes key to gaining visibility and control over all the key processes through a single pane of glass, leading to resources and process optimisation.
While ERP applications have been traditionally deployed on-premises, there are several challenges associated with it, such as:
We have seen how businesses leverage the cloud effectively for collaboration and business continuity. Growing migration from on-premise deployments and reliance on Software-as-a-Service (SaaS) based solutions have gained greater prominence post-pandemic. Primary drivers of this trend include resiliency building, cost and process optimisation, achieving agility and scalability, and catering to a distributed workforce.
Reimagining ERP with Cloud
Being central to core processes, ERP is no exception for the ‘cloudification’ of IT systems. According to Emergen Research, the global cloud ERP market size is slated to reach US$ 141.68 billion in 2028. The APAC market is expected to mark the fastest revenue growth rate due to the increasing implementation of cloud ERP solutions across various industries in the region, with India being a key market among other regional counterparts.
Let’s look at some of the major value propositions that Cloud ERP brings to the table.
As enterprises continue to pursue their digital transformation endeavours, the cloud will play a central role in their IT environments. Going ahead with a cloud-first approach, enterprises will sustain their focus on achieving business outcomes through process transformation, cost and resource optimisation. With an array of benefits it brings, IT leaders will increasingly turn to cloud ERP to enable growth.