Move your Legacy ERP to the Cloud
In today’s world of ERP, there are many factors that a company must consider when deciding whether to run its ERP system to the cloud. However, advancements in cloud infrastructure and the next generation Nextworld ERP cloud platform have tipped the scales in favor of cloud ERP. Given these advancements, companies are accelerating their ERP migration to the cloud and no longer relying on legacy on-premise applications and software to do business. In this article, I’ll summarize the key benefits gained by running Nextworld Cloud ERP, which was conceived and built as a 100% cloud ERP software solution.
Before I dive in and highlight some of the benefits unique to Nextworld, let me summarize some of the general benefits to cloud ERP solutions.
Lower Cost
Let’s face it, cost is always a metric companies look at, and cloud ERP has on-premise ERP beat in most if not all cases given the “pay-as-you-go” pricing structures available. Cloud ERP has:
No additional hardware investments. This means no data center or hosting cost either!
Cloud ERP implementations are often performed quicker and at a lower cost than on premise-based ERP implementations.
Lower up-front software cost. No need to purchase those costly perpetual licenses.
Predictable and flexible pricing. Cloud ERP pricing is typically on a per-user or usage basis, which means customers can predict the pricing impact based on business dynamics.
Security
Yes, that’s right, I am saying that in all likelihood, corporate data will in nearly all cases be safer in a Cloud ERP environment than in their own data center. For a cloud ERP company to survive, it must have robust security and data protection processes and policies. In fact, Nominet has announced the results from research in 2019. Results show that 61 percent of security professionals believe that the risk of a security breach is the same or lower in cloud environments compared to on-premise.
Scalability
You don’t always know when you need more horsepower, but when you need it, you need it ASAP! While the ability to scale can be achieved in a private data center, it can be very costly to have the infrastructure sitting idle, waiting for that moment of need. Of course, cloud ERP vendors can easily achieve this in the cloud by dynamically provisioning or reducing servers as their customer demands warrant it. With SaaS and auto-scaling, this takes scalability to the next level.
Remote Accessibility
In today’s environment, it’s more important than ever for ERP software to be accessible from any location on any device. Most cloud ERP vendors provide this through secure access from any browser. To maintain security, multi-factor authentication, password complexity rules, and/or IP whitelists can also be implemented. Cloud applications make remote access instantaneously possible in this new “work from home” era.
Data Backup and Disaster Recovery
Company data is a valuable asset that needs to be protected. Cloud ERP vendors are offering multiple data backup options and disaster recovery configurations. For example, by default, Nextworld performs nightly backups and maintains a standby instance (real-time replica) in a separate data center that provides near-instant fail-over for the customer.
While Nextworld Cloud ERP certainly benefits from the features above, it has some unique features that are worth calling out.
No-Code Platform – Nextworld Cloud ERP is built on a no-code platform and comes with Nextbot, a no-code development tool that customers can use to extend or customize existing ERP applications and rapidly build new applications by putting control in the hands of business practitioners. Because the application is abstracted from the technology layer, customizations come forward with software updates without the traditional effort involved in retrofit. You can redesign your business process to best suit your business activity, without this traditional penalty and ongoing cost to manage and maintain customizations.
Integration – From the ground up, Nextworld is built for integration and includes a set of self-service integration tools that can be used for two-way standards based, REST endpoint (APIs) integrations.
Zero-Down Time Updates – With Nextworld, patches and updates happen with zero downtime. Nextworld is 100% stateless and offers a seamless, in-place deployment of patches and hot-patches with no impact to customers.
Transaction Auditing – Nextworld includes Nextworld Automated Transaction Engine (NATE), a powerful tool to audit and trace every transaction and recover or undo any work that may have been inadvertently lost or changed or entered incorrectly.
Time to Move?
We would welcome the opportunity to take you through the business benefits of moving your existing ERP application to the cloud, along with an introduction to Nextworld and Nextbot. Our goal is to work with you to develop your approach and journey from traditional ERP to a NuTrax industry solution or Nextworld core applications with Nextbot.
We will work with you to develop a business case, demonstrating the ROI available from a re-envisioned enterprise SaaS applications road-map, complete with a Nextbot PaaS platform to enable future change adoption at pace. Let us help you on your journey to your new normal.
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