What is SaaS ERP (Enterprise Resource Planning)?

Currently, we’re in an era where efficiency is the key to success, especially in a country like Singapore with a dynamic business landscape. Numerous fields have seen companies pursuing the best solutions to enhance their business productivity. One of these avenues involves the strategic use of Information Technology (IT).

You might wonder, why is this crucial? Let’s delve deeper. The choices could range from modern cloud infrastructure to in-house data centers, such as SaaS-based cloud ERP systems. The choice you make here will set the course for your company.

Perhaps you’re feeling a bit uncertain, worried about making the wrong decision. After all, everyone wants what’s best for their company, right? Well, this is where emotions come into play.

But don’t fret, we’re here to assist you. We understand this is a serious decision that requires careful consideration. Therefore, before diving in, let’s explore more about what cloud ERP entails. Together, we’ll navigate through the best options for your business.

The first step you should take? Dive into the following article and let’s embark on this journey into the world of cloud ERP together!

What is SaaS?

SaaS, known as Software as a Service, is a software delivery model or application delivered via the internet. In this model, the software isn’t installed on the user’s computer locally but is hosted on a remote server operated by the SaaS service provider. This means users can access the software or application through the internet without needing to install or run it on their own computers.

This method of SaaS hosting allows companies to access and use software or applications without managing complex IT infrastructure. It reduces internal workload concerning software maintenance and updates, as well as the need to own servers and hardware.

SaaS is commonly used across various types of companies in Singapore, from small to large enterprises. It’s particularly suitable for general applications such as financial management, human resources management, team collaboration, and business productivity tools.

Moreover, SaaS finds extensive use in the IT industry, financial services, e-commerce, and many other sectors. With SaaS, companies can access the software and applications they need more flexibly and efficiently.

What is SaaS ERP?

SaaS ERP stands as one of the cloud-based ERP solution models. This system, SaaS cloud-based ERP, enables businesses to use hardware or servers simultaneously. However, it’s important to note that SaaS ERP allows businesses to access the software without managing their own hardware or servers.

So, as a user, you can access this software application remotely through the internet or other software service provider networks.

Moreover, its hosting type is accessible via the web, eliminating the need for companies to manage internal network infrastructures. You’ll solely use the application without concerning yourself with understanding or managing aspects like data storage or application maintenance, as those are services provided by the service provider.

SaaS ERP software, also often referred to as ERP (Enterprise Resource Planning) subscription, is a business model where companies or organizations pay a subscription fee to use ERP software.

In the ERP subscription model, companies don’t purchase ERP software licenses permanently. Instead, they pay regular subscription fees (monthly or annually, for instance) to access and use the software.

Vendors offering SaaS ERP applications typically cater to companies needing less complex customization, making implementation faster and less complicated, especially for small and medium-sized enterprises.

Therefore, SaaS ERP software is the most popular model for small businesses. However, it’s important to note that this system is suitable for various business types regardless of their size. Aside from small businesses, many large companies in Singapore also adopt this technology.

This SaaS ERP model undoubtedly offers advantages that are beneficial to your business or company.

Read more: Advantages of Cloud Inventory for Business

1. Advantages of SaaS ERP

There are compelling reasons why SaaS or ERP subscription dominates current IT development. Software as a Service (SaaS) boasts numerous advantages, including:

• With cloud-based solutions, you need not constantly monitor computers to install specialized software. As long as you have internet access, you can use SaaS services anywhere, anytime.
• Furthermore, you can directly benefit from the service without needing in-house development. Service users need not worry about application availability and reliability since service providers guarantee these aspects. Users only need to focus on their own data.
• Regarding costs, using SaaS enables companies to reduce operational expenses, such as maintenance and network repairs.
• Lastly, the Software as a Service model allows greater flexibility in choosing existing technology products. Consumers find it easier to select the applications they want to use and cease using those no longer needed by the company.

It is crucial to know that there are several types of ERP systems, not just cloud-based like SaaS ERP. In the ERP world, there are also on-premise and hybrid models used for different and more complex needs. However, what exactly are the differences among these three types of software? This article will help you answer that question: An Easy Introduction to Types of ERP Software

2. Disadvantages of SaaS ERP

While experiencing the advantages of using this service, there are also several drawbacks you might encounter when using SaaS that might not align with your business needs:

• SaaS ERP might have limitations in customizing features to meet unique business needs. This could pose a challenge for businesses heavily reliant on very specific or complex processes.
• In some cases, service providers may lack comprehensive features despite having a fairly good reputation. Hence, before usage, companies should precisely understand the features they truly need.
• One of the risks of cloud computing and SaaS is that users must place a high level of trust in online software vendors that they won’t disrupt the service. This necessitates high security and file privacy protection.

Therefore, it’s crucial for your company to choose a service provider that offers customization according to unique business needs, comprehensive features, reliability, and can ensure the security and privacy of your data, like SaaS ERP from HashMicro.

To view the pricing scheme of the HashMicro SaaS ERP system, you can download it by clicking the image below.

Steps to Choose the Right ERP System for Your Business

You have already learned about the meaning of cloud ERP systems, their benefits, types, as well as the advantages and disadvantages they offer. However, the need for an ERP solution in each company varies, depending on the type of business and industry.

Therefore, it is very important for a company to choose the right ERP solution according to its needs. To determine the right ERP system, we need to take the time so that we do not choose the wrong software that you can use for the next 10 to 15 years. Here are some tips that you can take into consideration when evaluating a company’s ERP:

• Knowing every difficulty and weakness of the system you are currently using in each division is very important. The IT division must involve in this process to find out all the difficulties. From this analysis, you can determine what your business needs can enhance by using each module of the ERP system.
• It is very important to choose a partner that has a reputable, credible, and reliable name. The right partner will help you get the most out of using ERP for your business processes.
• Make sure to choose an ERP software that is easily accessible and user-friendly. So that your entire employee can easily adapt to it.
• Do not forget to ask about the cost of hardware and networking equipment needed so that the ERP system can run smoothly. Be aware that the pricing model of each software varies greatly (initial payment, monthly fee, etc.) so you need to normalize the existing price quotes to get the best price.

To ensure that you choose the right ERP system, you can contact our expert team here for further inquiries and detailed discussions.

What if you’re already set on using a SaaS ERP system?

Well, if you’ve already decided to use a SaaS ERP system but still feel hesitant and confused about selecting the right vendor, you can check our recommendations simply by reading this article: 20 Best ERP Solutions Software in Singapore You Should Know in 2023

HashMicro ERP – All-in-One SaaS ERP Software for Businesses

Hash Core stands as the most comprehensive SaaS ERP system designed by HashMicro, an ERP system provider and consultant based in Singapore. Hash Core’s goal is to aid businesses, especially small to medium-sized enterprises, in growing through business process automation.

HashMicro provides users with the flexibility to choose modules that suit their needs. Some available modules include accounting, CRM, procurement, inventory management, and POS for retail and restaurant businesses.

Thus, HashMicro not only simplifies access to SaaS ERP application technology but also enables users to tailor their experience to meet their unique business requirements.

Flexibility and accessibility are prioritized within HashMicro’s system to meet the diverse needs of clients across various industries.

This service provider also has a team of experts dedicated to wholeheartedly addressing your inquiries. Additionally, HashMicro offers a free demo for those interested in exploring this SaaS ERP system in-depth and with detail.

Conclusion

SaaS or ERP subscription might be the most beneficial option in several situations. Many business or personal activities greatly benefit from SaaS services. With cloud-based solutions, you don’t need to constantly monitor computers or install specialized software. As long as you have internet access, you can use SaaS services anytime.

HashMicro is one of the trustworthy SaaS application providers delivering top-notch ERP Systems in Indonesia with international standards to elevate your business to the highest level. By following and carefully considering these tips for selecting the right ERP solution, you can make a significant impact and determine the direction of your business success.

To explore the cost before trying the ERP system, you can contact our sales team. You can also click the image below. Make your decision a success by choosing a reliable ERP solution provider as your partner.