Financial management is essential for companies of all sizes and sectors, but mainly for startups, which generally have tight teams and need to optimize their operations to the maximum.
In addition, the current situation due to coronavirus has affected not only health systems, but also companies in general, which had to adopt remote work for business continuity.
In this sense, the cloud ERP system has become even more important for companies and new companies, since from the platform it is possible to have all the control of an organization remotely.
Given this context, we have prepared this content to explain how ERP works in the cloud, as well as all its benefits for the financial management of startups.
How an ERP system works in the cloud
A cloud ERP system is an integrated administration platform, which allows managers to manage a complete business and its areas, with various possibilities, such as automation of activities, monitoring of metrics in real time, as well as data storage, information and history. Everything in a single panel.
Therefore, managers have the ability to manage a startup from any device connected to the Internet and from anywhere, since the system is stored in the cloud and allows remote access.
How to optimize financial management with a cloud management system
One of the advantages of using the cloud ERP system to optimize financial management in startups is the integration of information from all sectors on a single platform.
Therefore, it is possible to monitor all metrics for a specific sector or the entire business from the cloud management system.
Standardization and automation of processes.
Repetitive tasks and manual work can also be standardized and even automated using technology.
Therefore, your startup employees save more time to invest in more strategic business activities, which means higher productivity, efficiency and even cost reduction.
As indicated in the previous topic, from standardization and even automation of processes, financial management also benefits by reducing costs.
The decrease in the possibility of errors and rework in processes and activities results in lower expenses.
Also, since the system is in the cloud, there are no expenses in the acquisition, security and maintenance of physical servers.
Real-time financial control
In addition to serving all areas of a startup, the cloud management system also covers financial management.
Therefore, it is possible to perform all the administration of the financial area of your business from the ERP in the cloud, as well as prepare reports in an agile and practical way.
Access information at any time
Another interesting point for the financial management of your startup is that a cloud ERP system provides the possibility of tracking all the information, data, history and results in real time and from any device connected to the Internet.
In this way, managers can analyze the evolution of their start continuously, with access to bases that allow the definition of strategies with agility.
Benefits of using a cloud ERP system for financial management
Optimizing the financial management of your startup from an ERP system in the cloud allows several benefits in addition to those already mentioned in this content, such as:
- Quick decision making.
- Security of financial operations.
- Improved financial planning
- Efficient cash flow management.
- Better inventory control
- Flexibility in analysis and management.
Count on the best ERP cloud solution for your startup!
To ensure all the benefits of a cloud management platform for financial management of your startup, it is essential to have a solid company with experience to implement the system 100% remotely.
In this sense, be one solutions offers the best ERP system in the cloud, SAP Business One Cloud, which can be accessed from any device connected to the Internet, has a rapid deployment and provides agile management, work optimization, dynamic processes and automated, in addition to saving time.
This technology is essential for generating business intelligence and smart money and getting started.
Get in touch with our experts and guarantee the best cloud ERP system for your business!