Cloud ERP software for wholesale distributors

ERP has proven to be a lifesaver for wholesale distributors in recent years. It not only provides a comprehensive dashboard for centralized data visualization but also comes with numerous customizable modules. The list includes inventory management, supply chain optimization, financing and accounting, marketing, and many more. What’s more, it offers optimal transparency and visibility to business and customer data, thereby eliminating silos. However, hosting and managing an ERP software with an on-premise infrastructure puts a great deal of pressure on the distribution businesses. 

From increased infrastructure costs to lack of remote accessibility, such software can limit the business operations and their scopes. That’s why investing in a cloud ERP software has become imperative for B2B wholesale distributors. Since it will be hosted on the cloud network, numerous benefits will be put forth on the table. With this being said, let’s look at some of the advantages of using a cloud-based ERP for streamlining wholesale distribution operations. 

Offers excellent flexibility and scalability

Easy adaptation to growing business 

As the business continues to grow, you will need better infrastructure to host the ERP software and its operations. Expanding or upgrading the infrastructure is a costly affair and also incurs enormous pressure on businesses. That’s why it’s better to invest in a cloud-based system that can be scaled anytime without having to worry about the on-premise infrastructure. Besides, such a tool will support multiple warehouse and distribution center locations. You won’t have to invest in location-specific servers for hosting the ERP software.

Remote data access

One of the biggest advantages of cloud ERP software is remote access to databases. Whether it’s the marketing or the sales team, your employees will be able to check inventory details or order data from remote locations. They won’t have to wait to be on the premises to access the data or check anything. Apart from this, a cloud-based software can be accessed from different devices, allowing prompt actions from different teams. 

Real-time visibility into inventory and supply chain

Live inventory tracking 

The cloud-based ERP software will provide real-time inventory visibility. You can check the stock levels before order confirmations or place replenishment orders with the vendors on time. It will further help you eliminate the potential risks of overstocking and understocking, especially during peak times. 

Demand forecasting and procurement automation

An advanced cloud ERP software comes with a powerful AI-based analytical tool. Using it will help you predict customer demands with higher accuracy and precision. As a result, procuring the stocks beforehand as per the forecasted levels will become much easier. 

Vendor and supplier management 

Another benefit of investing in a cloud-based ERP system is streamlined vendor and supplier management workflows. You can leverage the centralized system to manage the supplier contracts, optimize the pricing levels, and check the lead times. 

Enhanced customer and order management

Streamlined order processing 

The cloud ERP software will help you automate manual workflows. As a result, customer orders can be processed and fulfilled faster, reducing unnecessary time consumption. Besides, you can track the orders in real time, thereby offering an enhanced user experience throughout. 

Integrated CRM module 

As you will have a centralized dashboard, tracking and visualizing customer details won’t be a hassle anymore. Whether it’s the customer preferences or the order histories, your sales and CRM teams can pull the data remotely to generate accurate orders and predict the demand cycles. Additionally, you can also leverage the CRM module to implement personalized marketing funnels. 

Multi-channel sales integration

A cloud-based ERP software can be synchronized with multiple eCommerce platforms like Amazon, WooCommerce, and Shopify. You can manage the orders from all these platforms using a single system, which will ultimately eliminate errors and speed up order fulfillment workflows. 

Cost savings and efficiency

Reduced IT costs

You no longer have to invest in the on-premise infrastructure to host the ERP software. This will cut down the IT costs required, ensuring better finance control and management. On top of this, you can avail the subscription-based SaaS software model, where you will be paying only for the usage. 

Automation eliminates manual errors

Most wholesale distributors suffer from monetary losses caused by manual errors. However, with cloud ERP software, you can eliminate these potential risks easily. Automated workflows won’t require manual intervention, thereby ensuring reduced human errors and financial losses. 

Conclusion 

Now that you know the benefits of investing in cloud ERP software, you shouldn’t have any second thoughts. All you have to ensure is that the tool chosen can be aligned with your business needs properly. It should be scalable and flexible to support your business’s growing needs in the coming years. Additionally, ensure it has an intuitive and friendly user interface so that your employees won’t have a problem in navigating through the modules or using the software to its fullest potential.