Constant software maintenance and the significant increase in maintenance costs are key factors in migrating an enterprise management system to the cloud.
The increase comes at a time when companies are desperate to cut maintenance and operating costs in order to free up budget for new initiatives.
Innovative organizations that invest in improving their business infrastructure expect to earn more from selling new products/upgrades rather than from increased maintenance, which becomes an excessive and unnecessary expense for the company.
Among the numerous advantages that cloud computing offers, the reduced IT costs stand out, as they eliminate the need for expensive hardware and infrastructure, and the need for costly, time-consuming updates that require a large number of people.
With Oracle NetSuite ERP in the cloud, the company accesses its finance, human resources, sales, and service applications through a web browser. In addition, there are the benefits of automatic updates, increased employee productivity, better inventory management, greater visibility, improved reporting, KPIs and dashboards, increased user productivity, greater customer satisfaction, and increased sales. The list is too long and compelling to ignore.
Maintenance is a highly lucrative revenue stream for traditional ERP vendors who treat their customers as a captive audience. These vendors can achieve profit margins exceeding 90% on maintenance fees. Despite their high price, traditional enterprise management systems do little to differentiate a company or make it more competitive. According to Forrester Research, 85% of SAP customers fail to see the value in their maintenance contracts.
So why not consider a proven, secure, and reliable cloud model? Cloud computing has been one of the most talked-about trends in the IT industry for several years. The cloud represents a market shift with a broad impact on business. Companies of all sizes are now running their mission-critical applications in the cloud.
The pandemic further accelerated the need for cloud solutions and, consequently, stimulated the rise of Cloud ERP, with increased searches for this highly effective tool in boosting business.
Gustavo Moussalli, Vice President of Oracle NetSuite for Latin America, stated in one of his interviews: “Our solution seamlessly integrates all CRM functions and order management to streamline critical business processes and enable decision-making based on convergent information.” Moussalli's statement exemplifies one of the key differentiators of the wide range of benefits that Oracle NetSuite offers, in addition to being fully scalable, flexible, and with specific solutions for each type of client, according to their needs.
The Oracle NetSuite ERP system offers several advantages that allow you to reduce manual processes and spreadsheet-based control by up to 70%, with real-time access from any device or browser, and integrated solutions that combine accounting and finance tools, billing, revenue recognition, financial planning and reporting, global accounting and consolidation, multi-currency, multi-language support, among others.
The image below shows how the Oracle NetSuite ERP enterprise resource planning system works:
The Oracle NetSuite ERP enterprise management system has an additional advantage for multinational companies: it allows the management of various subsidiaries, business units, and legal entities in multiple countries, languages, and currencies, thus bringing agility and scalability to companies of all sizes.
Oracle NetSuite ERP case studies are full of examples from companies of all sizes and across different industries that have achieved a significant ROI in terms of reduced maintenance, seamless upgrades, and easy customization with little to no IT resources.
Would you like to learn more about cloud-based ERP or have questions about the migration process?
Contact us. We specialize in implementing Oracle NetSuite cloud-based enterprise management systems. Learn how we can help you migrate to success.
