The realm of small and mid-sized businesses is not a friendly one – it's full of cutthroat competition, empty promises and red herrings. The survivors and thrivers are the ones who innovate, embrace change and form bonds with powerful partners. These partners aren't necessarily physical entities, though: Some of the most robust drivers of growth are business management solutions and software systems, such as Dynamics ERP.
It should come as no surprise that Dynamics ERP is such a popular business tool. Its effectiveness has been proven time and time again, and it's backed by the strong support of Microsoft, a true tech titan. But many business owners and executives have failed to realize the full potential of their ERP software, simply because they're hosting an on-premise version. Let's look at some of the advantages awarded to those businesses that undergo cloud migration:
The cloud costs less.
If you're using on-premise Microsoft Dynamics, you know how cost-ineffective it is. You've paid up front for expensive equipment, and you’ve built an IT infrastructure to make it all work. You’ve paid for software licenses, fees, upgrade, updates and surcharges. If you're like most, your ERP software is your highest expense.
Dynamics in the cloud is, simply put, better on your business budget. No equipment, software licenses or servers needed – you pay a predictable subscription fee for access to the Dynamics ERP software. Plus, your cloud provider takes care of upgrades, maintenance and software updates when the time comes.
Cloud Dynamics facilitates better finance management.
Dynamics GP is a powerful tool for financial accounting, but it's hindered in on-premise settings. Money, while not the only factor in business success, is a prerequisite that makes most of the other factors possible. If you're not managing your finances, you won't survive in the SMB market.
When placed in the cloud, Dynamics GP realizes its full functional potential. Cloud Dynamics features historical data and predictive analytics to help you gauge business performance, build effective strategies and create high-level plans for the future.
Dynamics in the cloud creates an integrative environment.
On-premise business management solutions are no match for the integrative capabilities of cloud Dynamics. On-premise software isn't able to integrate external tools, so you have to suffer through lag time, disconnect, redundancy and errors.
Dynamics in the cloud builds a flexible framework into which new tools, modules and functions are seamlessly incorporated. Since all of your current and future business applications fit into the same system, you never need to worry about errors or discrepancies between them.
The cloud extends your work hours and office space.
Unlike on-premise software (with which access is limited to those who are physically present in your office), cloud Dynamics is accessible from anywhere, by anyone, on any device – depending on your permissions settings, of course.
Dynamics ERP is simply more flexible in the cloud. All of your users have remote access to relevant data through their laptops, smartphones and tablets. Your staff resources are no longer limited to the normal 9-to-5 business hours or the four walls of your office building. Even holidays, vacations and weekends are fair game, if your employees choose to use them for work. Without spending a dime more on overhead, you have a dramatic competitive advantage over your workweek-restricted rivals.
Cloud Dynamics gives you enhanced visibility.
In order to thrive, you need better business insights and deeper visibility into your performance. Critical data is incredibly useful – even necessary – for optimizing your operations, but it does more harm than good if it's inaccessible, jumbled or scattered.
By putting Dynamics in the cloud, your business insights are automatically built into your business management system. Suddenly, anyone who needs in-depth business insights and detailed analytics is able to access them in easy-to-understand, customizable formats.
If you're the last holdout and all of your competitors have already migrated to the cloud, following suit is the only way for you to remain a contender. If you're a frontrunner and most of the other businesses in your market haven't yet seized the opportunity of cloud migration, you have the chance to drive your enterprise to the next level before anyone else catches up.
In the torrential world of small and mid-sized businesses, even a seemingly innocuous "leg up" actually results in a huge competitive advantage … which is great, if you're the one with the advantage. By transitioning your Dynamics ERP software to the cloud, you’re able to rest assured knowing that the competitive advantage is all yours – and not your competitors'.
The SMB market is cutthroat enough with external pressures – the last thing you need is an internal element inhibiting your business from within. Is your current business management system driving your growth or standing in your way? Download the free report, 9 Ways To Leverage Your Business Software For Sustainable Success.