The past year has been a tough and unprecedented one, to say the least. The global pandemic caused by the outbreak of COVID-19 has had devastating effects on both – human life as well as the economy around the world. There is no denying that most parts of the world are still going through the worst of it and reeling from it. A crisis of a level never seen before has limited the mobility of people in order to just curb the infection. Going out only when absolutely necessary or in an emergency, masks, & social distancing have now become the norm. With the vaccine roll-out being slow, that status quo won’t be changing anytime soon.
Naturally, the same applies to businesses as well. And whether you’re a small, medium, or large business, you surely have felt the brunt of it on yours. Nobody saw it coming. People and businesses alike are battling for survival. The situation is quite grim, but as it is in life, one always has to keep on moving. Staying constant is not an option and so it is for both people & businesses. The new normal after this crisis will bring new challenges for businesses. And staying on top won’t just be a priority, it’ll be a necessity.
And all of it depends on how adaptive and flexible your enterprise can be to adapt to the upcoming hurdles and challenges and how you face them. But in order to do that, you need to start preparing your business for the new normal right away. Even though some challenges that will come your way are unpredictable, there are others that you can start preparing for today itself. And one of them that is at the centre of a successful adaption is an ERP solution. You see, even before the pandemic, businesses that were using an ERP system were far ahead of the competitors that weren’t thanks to its advanced capabilities and functionalities that streamlined operations and functions. Now more than ever, it has become the need of the hour for the business to be ready for any kind of eventuality.
Here’s how Cloud-based ERP solutions can help you prepare and be ready for the new normal after COVID-19:
Remote Work & Flexibility
The pandemic has shown us two things – Flexibility is a must in the working environment & peak efficiency & productivity can be achieved through remote work as well. COVID-19 induced lockdowns have meant that only services deemed essentials are allowed to have people working on-site, that too at reduced capacities. Cloud ERP solutions are a big help to enterprises who aren’t in the essentials category as they not only provide a 360-degree real-time view of your organization & latest information but also help your employees co-ordinate efficiently without delays, similar to them working on-site. Remote working & Flexibility are the new normal & cloud ERPs are the solution.
Threat to Survival of businesses became a reality for almost all organizations, Large, Medium or Small owing to the unprecedented situation created by the pandemic. Now more than ever, businesses are realizing the importance of an ERP solution, specifically of the ones based on the cloud. Organizations that had already shifted to cloud-based ERP solutions faced significantly less impact on business as compared to those that hadn’t. It isn’t late though, we already know that cloud is the present as well as the future. You can still go for reputed cloud ERP solutions like SAP Business ByDesign or SAP Business One, to streamline business processes to return to peak efficiency as well as ensure business continuity in any future unforeseen scenarios such as the one we are facing today.
One of the biggest reasons companies are sceptical about remote working is owing to the security hazards & loopholes involved. Rightly so, as cyber-attacks rose exponentially during the forced remote working due to restrictions. ERP solutions, especially on the cloud, have a very strong security system in place in order to deter any attacks & data leaks. And combined with your own proactive cyber security measures in place, you can ensure that your business data remains safe even when your employees are accessing or sharing it from remote locations, as is the case with remote or flexible work. Data Security is a very sensitive issue which you can deal with in a swift & secure manner with cloud ERP solution.
Cloud Is Key
Even before the pandemic, the fact the cloud is key to everything had been evident. To be able to access anything from anywhere, that’s some life-changing technology. The pandemic has just expedited the push towards a cloud-based future. Every industry has been forced to rethink & restructure the way they work & run things in order to adapt to the situation and hit the ground running again. And the key to it all has been the cloud. Cloud-based ERP solutions have helped businesses across multiple industries face the challenges much more effectively and come out on the other side safe.
The future is digital and there are no two ways about it. Adoption of new & future technologies during the pandemic has seen a steady rise & it isn’t stopping anytime soon. The human factor and managing it has also taken centre stage. In this new normal, Digital Solutions such as Cloud ERPs have emerged as the most viable options for businesses to prepare for the new normal efficiently while managing all the ups and downs, helping them adapt & become resilient to tackle any challenges coming their way, head-on.