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Top reasons why Cloud ERP is significant for your business growth in 2023

  • Are you still using disparate legacy systems to operate your business?
  • Are your business users spending more time in manual data entry and searching spreadsheets then actually doing their jobs?
  • Are you struggling to have real-time reporting and business information?
  • Are you struggling to have real-time visibility of your employees, your projects and processes?

If the answer is “yes”, you need a cloud ERP system for your business. As we’re entering into 2023 with high spirits, businesses across the globe are setting up new priorities. In this era of cut-throat competition, businesses need to do more with very little. In a situation when any “waste” can have negative implications on business, you need to elevate the strategic decisions and plan actions that would lead your business to a renewed future state.

A cloud ERP system can be your savior. Before discussing how, let’s have a quick overview of what global research firms are saying about cloud ERP. According to Oracle, the global ERP software market is expected to reach $78.4 billion by 2026. As per research by HubSpot, around 70% of organizations opt for cloud-based ERP systems rather than on-premise software due to affordability, ease of installation, and minimal IT infrastructure.

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Top reasons why Cloud ERP is significant for your business growth in 2023

Save your money

Although ERP is a big investment, in the long term it can save a lot of your time and money. Cloud ERP solutions like NetSuite integrate every part of your business i.e. finances, inventory, shipping, HR etc and provide a real-time view of your business. As all of your corporate data is available at a centralized place, you and your employees can access the same accurate information. Real-time access to data, actionable insights based on customized filters, and role based access saves you energy, effort, and time – and also assists in increasing your bottom line.

Encourages productivity

Manual data entry is a time consuming job. When you’re using disparate software, finding correct numbers, creating reports, tracking timesheets, inventory monitoring and order processing can be really challenging. Furthermore, there’re also chances of manual errors. Cloud ERPs automate tedious and mundane tasks and free them to contribute to more productive things. Due to centralized data and real-time access, human errors can be avoided to bring more money into your organization.

Optimum resource utilization

Full utilization of resources is of prime importance to achieve sustainability. Cloud ERP solutions like OpenAir ensure timely delivery of projects by improving resource utilization. With real-time visibility into project dynamics, project managers can deploy resources as per project needs, employee skills, experience and availability irrespective of physical location.

Business Agility

To keep pace with ever-evolving customer demands and rapidly changing market dynamics, organizations need to focus on digital first capabilities. Cloud ERPs support rapid innovation with frequent updates that help organizations to manage their businesses more efficiently. Apart from this, organizations don’t need to bother about back-up of data, upgrades, and security patches as vendors are maintaining the ERP solutions on their own. So, you don't need to maintain and update the ERP systems manually.

Data driven decision making

With data being available centrally, decision makers don’t have to drill it down manually to gain actionable insights. Cloud ERP solutions come with built in AI and machine learning capabilities that can be used to generate custom reports. Leveraging custom dashboards and search capabilities, decision makers can drill down transactions on their own.

Read our blog: How does NetSuite SuiteAnalytics enable growth and improve ROI


Since you’re now aware why Cloud ERP is significant for your business in 2023, you also need to understand that right implementation is the key to success. We, at AGSuite, are authorized NetSuite Consulting partners who can help you in NetSuite implementation, customization, and integration. If you’re an existing NetSuite user, we can optimize NetSuite as per your unique business needs.

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