Modernize your ERP with Microsoft Business Central Cloud
In this blog, we will be showcasing the impact caused by modernization of ERP systems and how such a system – Microsoft Business Central Cloud can shape your organization to become more resilient to the changing technologies of the future. Developments in ERP systems have proved how a robust ERP can provide the backbone support for any modern business. It enables businesses to streamline business processes, and intelligently utilize real-time data to promote operational efficiency, and enhance collaboration. ERP Modernization of the system is meant for running all critical business operations throughout your organization including, accounting, payroll, production, distribution, and more.
Microsoft Business Central is a great fit for SMEs as it covers all the primary operational needs, from financials and human resources to warehouse and supply chain. And modernizing this ERP system to Cloud based computing means brining the full power of Dynamics NAV to the cloud which not only automates the business process but also has the capacity to handle more data and users. There is a growing industry trend where modern businesses are starting to adopt such ERP modernization.
Let us dig deep and see why would we need an ERP Modernization.
When should you consider ERP Modernization?
There are many ways to find out if your current ERP system needs and update and your legacy system can deliver significant proficiency in managing your business operations. Read our blog on 5 Reasons Why You Need An ERP Upgrade in 2021 for more information. However, if there are changes taking place in your organization that your current on-premises system cannot handle, that is a green light for you to get familiarized with the modern system.
Regardless of the industry or scale of your business, if you are experiencing any of these restrictions, your need for a modern cloud-based ERP system becomes apparent.
- Your employees are finding it difficult either to extract or retrieve information from your current system.
- Management reporting becomes too cumbersome and challenging due to the ERP system’s limitations.
- Frequent maintenance of the system is driving up cost and reducing productivity.
- Business growth is being disrupted due to the lack of flexibility in technology integrations.
- System is unable to handle the rapidly growing business demands, data, and the number of users.
- ERP software cannot adopt to the change in compliance regulations, market conditions, and business processes.
How can Cloud-based ERP modernization overcome the above challenges?
Any professional in the field of ERP knows the impact of a single technological advancement on the nature of the industry. New technologies and changes in the business processes are making companies opt for ERP modernization. A cloud-based ERP software modernizes your business in multiple ways, which includes:
The new subscription model paired with the cloud technology, gives your business the flexibility it requires to ensure your ERP system runs efficiently with no breakdowns. By adopting the cloud platform, you can say “good riddance” to IT hardware and internal IT resources as all your data and computing will be done on the cloud. Microsoft Business Central Cloud have introduced its subscription model which enables you to add or subtract user on a monthly or annual subscription basis.
Further, the cloud ERP system also increases nimbleness. Unlike an on-premise solution, in a cloud ERP software, you can buy what you need at the moment and later on scale up or down the features as required. This scalability enhances the dependency on the system as it can quickly evolve to accommodate the rise in operations, users, and data as your business grows.
Businesses these days are increasingly becoming data-driven. And when data is valuable, it becomes more vulnerable to attacks. One of the most important reasons for modernization is secured access and use of data. A cloud-based ERP system like Microsoft Business Central offers a multilayered security infrastructure model. This helps you to define user-specific authorization, which allows only the authorized personnel to access the database. The system further enables you to keep track of the user activities to eliminate any chance of unauthorized access or data breaches.
Businesses are now starting to take advantage of technologies like machine learning, chatbots, and Artificial Intelligence to improve their existing processes and increase opportunities.
However, to take the benefits of these advanced technologies, you need to have the right platform to support them and seamlessly connect with your ERP application. Cloud-based systems facilitate this and allow ample flexibility for including more innovations.
And, Microsoft Dynamics 365 Business Central provides end-to-end solutions to their users gives a fresh, modern experience that is designed to optimize business processes and maximize productivity.
For more information and a tailored demonstration contact us today at NICerp.
NICerp is a Microsoft Gold & Silver Partner. We have vast experience helping organizations transition from their outdated versions of ERP to the latest versions seamlessly without any disruption of business continuity. If you are ready to take the next step of Upgrading to Business Central please fill out the form.
Get in touch with us today to find out how NICerp can add value to your organization. Feel free to take a look at our other resources on ERP, Business Central & more.