Cloud ERP technology and financial software are both important platforms every business should have to achieve growth and expansion. However, these initiatives could require the implementation of a significant IT infrastructure and management can be caught ill-prepared for the scope of work required. Software vendors offer a wide range of applications that focus on aspects of enterprise management - from Enterprise Resource Planning or ERP cloud system to Executive Information Systems, EIS.

IT links the different segments of the company, facilitating the collection and organization of useful data. In the information age, it has become all but necessary to make use of finance software for business that go beyond accounting but also provides sound analyses and real-time market insights. To achieve growth and stability, historical data is always presented to upper management to give them an outlook of the past and make the proper changes for the future.

This data can be provided by a financial software capable of storing tons of history compared to papers and manual graphs that will prove time consuming for upper management to digest. It is also hard to do the manual calculations for all those data thus liabilities is high and errors will likely occur. The ability to make timely decisions is critical to the success of an enterprise, an ability that relies heavily on the availability of information to support decision-making.

Competition is stiff and gaining a digital edge can create new ways to create value and revenue. Businesses seeking a digital edge may need to transform their existing processes to improve the overall customer experience. In an age where everyone is connected to the internet from sun up to sun down, it makes perfect sense to exploit the pervasive digital connections between systems, people, places, and things.

John Grady (Senior Manager of Product Marketing at XO Communications) lists BYOD or "bring your own device" as one of the major current trends in cloud computing today. Singaporeans use their mobile devices to store data into personal cloud services for streaming, storage, and syncing. As this trend permeates into the business arena, it would require a means to integrate personal cloud services for company employees in a BYOD environment.

Today’s ERP cloud system and finance software for business models provide companies with cost effective IT options. Cloud technology is here so why not take advantage. Pay for only what you use. Scale your technology needs and do away with costly infrastructure as you watch your organization grow.