While it's true that cloud-based ERP systems have established themselves as a fundamental element in business digitalization processes, the reality is that many companies still hesitate to take this innovative leap in their implementation.

As we know, the topic of digital transformation is nothing new in the business world. However, 2020 showed us that very few organizations were actually implementing strategies and actions around it.

Speaking specifically about ERP systems, one of the main reasons for this situation is the existence of a series of myths that often hinder the adoption of new cloud-based technologies. Among the most common are the following:

Myths about cloud ERP

● “With a cloud ERP, we will not have control of our

information"

While you may sometimes feel a degree of vulnerability to data theft when considering implementing a cloud solution, you should know that cloud providers, such as Oracle, invest billions of dollars (USD) each year to ensure their data centers operate with the highest cybersecurity standards, thereby preventing cyberattacks and/or data loss.

Therefore, you can be completely certain that your data will be more secure on these types of servers than anywhere else.

● “Internet dependence will disrupt work”

While it is not a myth that with a cloud application there is a

Despite their dependence on the internet (as is their nature), the reality is that these systems don't require constant hyperconnection. Today, we can use the software without any problems with a simple cell phone connection.

● “A cloud solution will be 'too big' or complex

for my company”

Cloud ERPs, such as Oracle NetSuite , have the advantage that their

Deployments can begin with as few as 5 users! This, while still offering you the same level of functionality as configuring larger solutions.

In addition, there are extremely attractive financing plans that can help you avoid sudden capital loss by deferring it over a period that best suits you.

What if these myths aren't a barrier to my company adopting a cloud solution?

Below, we share 5 keys that will help you evaluate your

alternatives in an effective way.

Keys to evaluating a cloud ERP

1) Make sure it's a real cloud

Without getting into the many technical issues that this concept of real cloud vs. fake cloud entails, it's important to make sure that the solution you're considering is truly a cloud solution and not an on-premise solution in disguise.

How can you detect this? One element that can guide you in this matter is to ask if the servers where the data will be hosted belong to the solution manufacturer. If the answer is "no," we recommend being very cautious in the rest of your evaluation.

2) Review your maintenance schedule

The ERP you decide to implement in your company should be a solution that eliminates the hassle of data backups or version updates.

Failure to do so will result in an ongoing cost to your organization.

require the hiring of specialized personnel or, eventually, resort to a consulting firm to carry out said maintenance.

3) There is no such thing as a bad cloud ERP, just a poorly implemented one.

When evaluating world-class business management systems such as Oracle NetSuite, SAP, or Microsoft Dynamics, you can rest assured that these solutions have been proven in the market for many years and, therefore, should not cause any problems after implementation.

However, in that context, what you should focus on is ensuring that the consulting company advising you has the necessary credentials, capabilities, and experience to carry out your project.

Otherwise, your investment may be at serious risk.

4) Ask about post-implementation support

On many occasions, organizations focus their decision-making process

only in choosing the best solution according to their needs and in choosing a consulting firm to implement it, but they leave aside post-implementation services.

However, a key element in this type of decision is ensuring that the investment will continue to bear fruit in the coming years through the support of a consulting firm specializing in these implementations.

This is because, while cloud-based ERP systems are always automatically updated to their latest version, it's advisable to have the support of a consulting firm to advise you on software best practices, provide training to new team members, among other things.

Therefore, it is essential to inquire about and review post-implementation services.

5) Compare solutions in the same category

A common mistake companies often make is evaluating systems from different portfolios, for example, Aspel vs. Oracle NetSuite. However, a comparison in this scenario is not advisable, since, naturally, each portfolio handles solutions with completely different capabilities and costs.

Therefore, don't forget to check that the contrasting solutions actually compete in the same category.

By following these 5 keys, you will be able to:

✓ Develop a more agile evaluation process

✓ Ensure a convenient strategic alliance for the success of your project

✓ Ensure proper functioning of your ERP

✓ Generate a faster ROI

At Tekiio , we want to help you drive your digital transformation process securely and profitably through the strategic implementation of the world's leading cloud ERP: Oracle NetSuite.