Why Modern SaaS ERP Is Crucial For Business Transformation
Posted By : Priyansha Singh | 04-Nov-2022
Importance of Modern SaaS ERP Integration
The competitively fierce business environment in the existing digital era necessitates a bigger focus on multi-channel operations. Financial service providers, public sector institutions, retailers, manufacturers, and several other organizations can incessantly benefit by bringing all their sales channels together with the use of robust and scalable enterprise resource planning (ERP) systems. Instead of handing the channels as separate entities, modern ERP solutions furnish a centralized location for accessing and managing any information related to the business.
While we know that ERP is undeniably pivotal for any business, its integration with SaaS and cloud-based solutions provides a bird’s eye view of enterprise processes and facilitates efficient workflows with advanced problem-solving capabilities.
However, to understand the ROI of implementing custom SaaS ERP solutions, it is imperative to know how these systems will positively impact your business operations. In this blog, we will shed some light on SaaS ERP services and explain why they are pivotal for driving next-gen business transformation. So, let’s get started.
What is SaaS ERP?
SaaS ERP is typically a subset of cloud ERP, although the terms are often used interchangeably.
Furthermore, when implemented as a multi-tenant system, cloud-based software products are reckoned as software-as-a-service or SaaS. Similar to other SaaS products, SaaS ERP is facilitated and managed by the software provider. As already mentioned earlier, it primarily leverages the multi-tenant model, meaning that the vendor’s users share one instance of the software whilst utilizing the same infrastructure. In simple terms, SaaS ERP is a cloud-based enterprise resource planning software system that runs on the servers of cloud providers or vendors – it is sold through subscription and distributed as a service through the internet.
The core benefit of SaaS ERP systems is that it is easy-to-use and out-of-the-box solutions and the system updates are regularly maintained by the vendors. In such systems, vendors generally offer standard features with not much room for heavy customizations. Moreover, it immensely helps in augmenting the overall security of your enterprise systems and lowering IT costs.
Some of the prominent advantages of using SaaS ERP are mentioned below:
- Automatic upgrades
- Trim operational expenses
- Lower capital requirements to drive innovation
- Faster and better scalability
- Dramatically shorter deployment times
- Extremely secure and reliable
- Intelligent & informed business decision-making
The role of SaaS ERP implementation in business transformation
A majority of the organizations that we work with have been searching for domain-specific cloud-based solutions to metamorphose and modernize their core ERP business applications. They furnish innumerable benefits including superior usability, flexibility, and functionality, as well as the chance to reduce associated costs and complexity by shifting to the cloud.
However, they are more efficacious and preferable to implement as compared to traditional ERP because of the challenges around data and integration. At Oodles Technologies, we have witnessed this traction ourselves in the market, having worked on several implementations in recent times. These were the organizations that recognized the complexity of their applications early on and opted for SaaS ERP integration solutions with robust implementation strategies – thereby leading to their operational success stories.
Why businesses should consider opting for SaaS ERP development
Implementing a brand new core system can often be challenging, however, overcoming the complexities of operation inefficiency mostly results in increased productivity and ROI. This is for a multitude of reasons, but mainly because of the ever-increasing complexity of business IT landscapes.
Earlier, a lot of organizations had their full ERP capability rested solely on one vendor/platform or had an entirely separate on-premise setup. Here, the work of an integrator was simpler and less complicated.
On the other hand, modernizing these core business applications, however, is not just about moving to one new big platform or retiring all your on-premises systems. Rather, it is a well-phased and iterative approach, whereby organizations commence by carving out domains such as finance, HR, manufacturing, or supply chain and migrating them to the cloud whilst retaining the remaining environments on-premise.
In such types of approaches, the IT environment becomes a very scalable hybrid environment, with infrastructure and applications on-premise but a lot of modernized app suites nesting in the cloud. It altogether makes your integration landscape change and become relatively more complex. You need to integrate the cloud with cloud-related implementation technologies but still, the on-premises systems will have subsequent fencing of integration around them as well.
Therefore, we recommend that you define your cloud integration strategies with ERP systems in accordance with your business priorities, environment, and use cases as it is a critical step in effectively dealing with these complexities.
Once you have decisively selected to go with a SaaS ERP system, the next step is to plan how you are going to integrate around it as well as the types of integration technologies that you will use for that.
Always remember, that there is no one-size-fits-all solution when it comes to SaaS ERP product development. Essentially, these are massive systems that can have wildly distinct architectures depending on the technology stack and feature sets. This is the foremost reason why concrete recommendations on technical aspects of the overall research & development, or precisely answer how much would it presumably cost to build a robust SaaS ERP system.
Since every project is unique and comes with various subsets of requirements, what applies to one may not always apply to the other.
Looking for custom SaaS ERP platform development services for your business?
At Oodles Technologies, we offer custom ERP solutions to businesses of all sizes across a myriad of industries, enabling them to fulfill their distinct business requirements with a focus on streamlining operational processes and workflows. As an established SaaS ERP development company, we architect enterprise-grade planning solutions to boost productivity, enhance system efficacy, and drive profitable returns. Our in-house team of seasoned developers assists organizations to plan, collaborate, automate, and execute complex business operations efficiently and securely. With our results-driven SaaS ERP development services and advanced problem-solving capabilities, we guide you to intelligently drive your organizational processes toward efficient workflows. If you are looking to build personalized SaaS ERP systems for your company, get in touch with us to accelerate your business performance with custom-tailored, scalable, and new-age ERP services.