According to IBM, the global average cost of a data breach in 2023 was $4.45 million.
What would happen to your company if it was struck by a data breach, ransomware attack, or natural disaster? Could it survive the consequences of disrupted operations and damaged customer, partner, and vendor relationships?
Data is the lifeblood of companies, and business leaders must implement technology to protect it.
This blog offers a few reasons businesses should consider a cloud enterprise resource planning (ERP) solution to safeguard their data.
Disaster Recovery
The cloud provides redundancy that’s difficult to achieve with on-premises systems.
A natural disaster like a fire, hurricane, or earthquake can damage or destroy on-premises hardware and servers, causing significant downtime. But with cloud ERP, data is securely stored and regularly backed up offsite. In an emergency, you can quickly restore your data from these backups, significantly reduce downtime, and focus on rebuilding your business.
Ransomware and Other Cyber Threat Protection
Ransomware is a prevalent threat to every entity – businesses, governments, etc. – that stores data. Cybercrime has become its own industry, and small and midsized businesses (SMBs) are the most vulnerable.
With cloud ERP, you have several layers of protection against threats.
Cloud ERP providers invest heavily in state-of-the-art security infrastructure. In addition to regular backups, this includes firewalls, intrusion detection systems, and data encryption.
Advanced encryption techniques protect data in transit and at rest. That means whether data is being transmitted between devices or stored in the cloud, it’s encoded so that it’s nearly impossible for unauthorized users to decipher.
Access Control
Cloud ERP solutions allow companies to establish strict access controls. Role-based permissions ensure only authorized employees can access specific data. Robust access controls reduce the risk of internal data breaches.
Continuous Monitoring
Most cloud ERP solutions include continuous monitoring tools that track user activity, flag anomalies, and trigger real-time alerts. Continuous monitoring empowers companies to quickly respond to security incidents.
More Reasons to Love Cloud ERP
Data security only scratches the surface of what businesses can accomplish with a cloud ERP solution.
Cloud ERP connects every process to effectively run a successful business, including accounting and financials, inventory and distribution, production and MRP, project and resource management, sales and service, purchasing and operations, and management and administration.
And because cloud ERP solutions are modular, you can start with the functionality you need and drive your business’s digital transformation your way.
With cloud ERP, businesses use real-time information and a single source of the truth to understand financial and operational performance and make better, faster decisions.
What Are the Best Cloud ERP Solutions for SMBs?
SAP is a global leader in business solutions for SMBs, with multiple options that meet businesses’ needs in every industry. As a technology pioneer, SAP has designed some of the most robust cloud ERP solutions available.
Whether it’s SAP Business One, SAP Business ByDesign, or SAP S/4HANA Cloud, public edition, an SAP cloud ERP solution will transform how your business operates—while keeping your data safe.
See What Our Customers Say About Cloud ERP
Iron-clad security, world-class architecture, a lower total cost of ownership, and anytime, anywhere access are a few reasons more businesses are deploying their ERP solutions in the cloud.
Take it from our customers: Cloud ERP is a complete business management solution that provides the flexibility and security to meet the demands of today’s ever-changing market.
Learn more about future-proofing your growing business with cloud ERP. Download our free eBook, The Cloud for Secure, Everywhere Access, below.
Talk to One of the World’s Largest and Most Experienced SAP Partners
For over 30 years, Vision33 has been helping organizations outperform their competition and lead their industries with successful technology investments. We’re a multi-award-winning SAP partner with formal partnerships to resell, implement, and support leading cloud ERP solutions, including SAP Business One, SAP Business ByDesign, and SAP S/4HANA Cloud, public edition.
We’d love to discuss your business’s challenges and how you can overcome them with an SAP cloud ERP solution. Drop us a line to connect with a certified consultant.
