Cloud has become supernormal as every other company considering revolutionizing their business values by cloud computing technology. From software, infrastructures, product services to the operating systems all are making their way to cloud migration. In recent times, the top cloud providers are AWS (Amazon webs services), Microsoft Azure, Oracle Cloud, and Google Cloud offer their services to help the enterprises to grow more with the cloud managed services. Therefore, every cloud service provider is working to increase the competitive edges in the market.
The model type from tradition ERP to cloud based ERP deployment, whatever you choose can have a significant impact on your business objectives. Cloud-hosted ERP in Cloud Migration is way more beneficial for your business growth than the traditional ERP model. According to the recent survey, the organizations that move their ERP applications to the cloud experienced 55% reduced costs of operations, 64% increment in productivity, and 96% reductions in downtime.
The decision of adopting a Cloud-based ERP application cloud will make a great difference for your organization. Here are the following 7 major advantages of cloud-based ERP application that give you the confidence to migrate to the cloud, if you already have not done.
Why Go for Cloud-based ERP application? Let’s find out.
- Less Upfront Cost: The upfront costs for on-site infrastructure are a real pain for small and mid-size organizations. Cloud migration of ERP applications avoids upfront costs for infrastructure in your organization. This technology offers cost-effective alternative solutions and eliminates the necessity for on-premise hardware.
- Reduce In-house Staff Efforts: Cloud migration can offer a major impact on the internal IT team of any organization. Cloud ERP usually takes less time and effort from your internal IT team. They will have fewer day-to-day maintenance tasks to worry about like hardware upkeep, Updates & upgrades, and product support.
- Easy Accessibility and Scalability: As cloud-based ERP applications are connected to the internet that makes the ERP applications easy to access for the users anytime, anywhere. As the time requires demand the remote access for the employees and this type of system allows the most of its benefits to have and your business keep running while being on the run.
- Responsive Agility: Agility is one of the most crucial features to achieve. Organizations invest in a robust IT infrastructure to optimize and scale as needed. Cloud integration ensures to make business more agile by committing responsiveness and creating more valuable and reasonable solutions.
- Faster Implementation: Implementation of a cloud-based ERP system is faster than on-premise ERP systems. The configuration for cloud ERP can be done within 24 hours by the cloud service providers. Your organization is relieved from performing the implementation and can focus on business transformation.
- Enhances Operational Efficiency: Every organization wants to improve its operational efficiency. Therefore, to achieve their operation efficiency improvement, many enterprises prefer cloud-based ERP applications. These cloud-based applications offer transparency, cost-effective solutions, and customer-centric solutions. It’s not hidden that cost reduction and time efficiency both come from operational excellence.
- More Security and Data Prevention: Data security is a primary concern for every organization. Cloud-based ERP vendors deliver high-end security and compliance that is not possible to have in-house. The features such as data encryption, Malware protection, disaster faster recovery, monitoring response time, continuous backups efficiently can obtain in cloud ERP.
Cloud Migration in a Nutshell:
Cloud ERP system offers ample benefits that help to grow your business but it solely depends on the type of business you have and your vision for growing that business. Before incorporating this technology into your business model, enquire about the cloud-based service providers. Professional services firms offer AWS cloud consulting, Oracle cloud, Microsoft Azure guidance to help their customers with cloud migration.
CIOs and CISOs are often found discussing the “next big move”. With a focus on cost-cutting and process efficiency improvement, these key stakeholders are leaving no stone unturned. From migrating their physical servers to oracle fusion applications to adopting secure coding practices, the CIOs are putting the best foot forward.
On the contrary, Oracle as an industry leader is busy building products that match the need of enterprises without putting a hole in their pockets. With the launch of Oracle Fusion, the organization has changed the game. Unlike other traditional cloud services, this new product is not limited to hosting files on the cloud, it offers access to additional tools that simplify business processes and brings efficiency.
Developed to grab the small-medium business market, Oracle Fusion is a family of software applications that saves SMBs from going extravagant on tool licensing and renewals.
Oracle Fusion is generally divided into two entities:
- Oracle Fusion Middleware: Offers access to qualified software architectures and state-of-the-art hardware to help businesses around complex processes effectively.
- Oracle Fusion Applications: This entity consists of applications used by Fusion users to simplify complex processes. It includes tools like BPM, CRM, GRC, and HCM.
While Fusion is being estimated as the prodigy, Oracle Cloud continues to be everyone’s favourite. The latter offers access to exceptional storage, database, and computing capabilities.
With Oracle Cloud, businesses can free themselves from the worry of handling physical servers. The product was built to help businesses adopt the next big thing in tech and the release of newer versions like EBS R12 have only strengthened the expansion.
With the release of the new Fusion version, customers are a little skeptical; they are unable to identify the best-suited tool for themselves. Going forward we will be discussing key differences between the two tools to facilitate improved decision making.
Here is the list of 10 major differences between Oracle Fusion & Oracle Cloud
- Oracle Fusion tool is the next-generation business application and sooner or later, it is likely to turn all existing Oracle products redundant. While Oracle cloud has released newer versions like EBS R12 but they are nowhere in comparison against fusion’s capabilities.
- The whizz-kid Fusion offers access to the best of Oracle tools whereas the former versions from the organization only provide access to computation, storage, and networking capabilities.
- The Oracle Fusion is more efficient since it follows the SaaS model, where businesses can rely on service-oriented architecture and access all quality tools uninterrupted. The older paradigm is nowhere close to the capabilities of the new tool.
- Oracle middleware services are helping enterprises achieve their planned cost-efficiency by reducing expenditure on software architecture. Oracle cloud still demands users to spend on software and hardware extensively.
- The Fusion version offers an exceptional user experience, innovative, rich, and improved framework. The tool is also equipped with Web 2 features like RSS Feeds, rags, and social media, which are yet to be a possibility for users of Oracle EBS 12.
- Fusion tools from the house of Oracle are offering access to new and improved UI layouts, which are not available in other Oracle products. UI layouts including:
- Global Region, which is always present and consistent.
- Task Region to support important tasks.
- Location Region to support easier transaction entry & management.
- For the first time, Oracle has introduced Analytics. The new dashboard provides access to all requisite information leading to improved and faster decision making. All actions performed can be tracked, measured, and analyzed from here. Dashboards are unavailable in former versions.
- Oracle Cloud has an advantage over Oracle Fusion since the latter doesn’t offer functionalities like manufacturing and call centers; the Fusion version also focuses a lot on horizontal applications instead of industry solutions, which gives the older versions an edge. The cloud version has over the latest product is Encumbrance.
- In the new improved tool, users can move configuration across the instances, which was not possible with previous offerings from Oracle. Also, the newer tool doesn’t require creating multiple COA.
- Oracle Fusion Accounting Hub is an exceptional addition, which is not available in previous tools. Hyperion Financial Management is also embedded in the Fusion version, which is a huge benefit for organizations. It saves costs, improves efficiency, and adds speed to all financial processes.
Oracle JD Edwards services from Epiq has a demonstrated history, where the organization has helped other businesses establish a system and streamline their existing processes to achieve efficiency like never before. With Epiq’s affordable Oracle consulting services, businesses can get ready for running processes on automatic mode. The support guarantees speed improvement, process revamps without disturbing the day-to-day functionalities and with minimum downtime.