The Modern Retail ERP: Software as a Service (SaaS)
Retail ERP software has dramatically evolved in recent years since the classic on-premise software. These options use to be more popular amongst bigger businesses but these days there are options for businesses of all sizes.
This even goes for ERP solutions. Fortunately for smaller retailers, it is now easier to leverage a modern ERP solution that meets their specific requirements to improve overall performance and plan for growth.
Cloud-hosted ERP solutions and web-based ERP software have become more attractive to small and medium-sized retailers who prefer a more flexible business management solution without large upfront payment and extensive hardware setup.
What is Software as a Service (SaaS)?
Take, for example, the Software as a Service (SaaS) trend. SaaS operates through a web browser, eliminating the need to maintain any servers and other hardware equipment, which can get costly depending on the specifics of data storage and management required.
Web-based ERP software is cost-effective and easier to implement than the on-premise option. The SaaS solution has become a proper option for smaller retailers who foremost value immediacy, usability and easy navigation in a business management solution. Such retailers appreciate ERP software that requires minimal staff training and gets them up-and-running without hassles.
While larger companies invest heavily in complex and multi-layered ERP software, small and medium-sized businesses are more interested in adding functionality as the business needs grow. This may also happen because of budget constraints. A web-based application enables them to save costs initially while planning for future growth.
With a SaaS solution, retailers can opt for the functionality they need with the scalability factor in mind. In essence, any retail ERP software should be flexible enough to meet existing trading needs but adapt to future changes, which is the premise of today’s modern cloud-based software.
If you are interested in a modern retail ERP solution, be prepared to compare the types of subscription plans and software functionality available, as well as to consider any maintenance and other associated costs.
Contact us today to find out how our retail solutions can benefit your business.