Technology is improving the world in unimaginable ways

We are not just talking about online shopping or intelligent home systems; we are talking about automation of business operations and the use of technologies such as Artificial Intelligence (AI), Machine Learning (ML), and Cloud Computing.

The world that we live in today is driven by technology, making people’s lives easy and convenient.

Things are changing considerably, even in the corporate sector. This industry is slowly moving away from traditional, physical workplaces; instead, it welcomes a new concept of remote working, beneficial to both the company and the employee.

While the concept of remote working is not very new, it wasn’t popular until COVID-19 hit the world. Forcing countries to impose strict lockdowns, leading many businesses to transition into the digital landscape and others to shut down completely.

The outbreak of coronavirus made the survival of businesses difficult, especially for those working through brick-and-mortar setups. Almost every company has gone digital to survive, making working from home and remote working a part of their business strategies.

The practice of remote working is, indeed, rewarding. While helping companies save costs associated with the management of physically present teams allows flexible working conditions for the employees. There are countless benefits, but managing a distributed team is where the actual challenge lies.

The Need to Have a Strong Team Management Strategy

Employees are assets of a company. These individuals carry the vision of a company forward and help it fulfill its mission and purpose. A company can only extract the most benefits from its employees, only when the management strategies are powerful.

While remote working has its benefits, it limits the capability of team members to get access to required data and documents. For any company having a hard time managing its physical and remote teams together, cloud ERPs work wonders. ERP integration can make team management simple and business operations run smoothly.

Cloud ERP for Better Remote Working

There are plenty of ways a cloud ERP can help a company reach maximum efficiency with a distributed team.

Customization and Integration with Existing Business Models

The ERP system has made team management unbelievably easy. ERP can be customized to suit the needs of every business and can be integrated with the existing workflow and business model, making it possible for the companies to revamp the way they work without uprooting the current systems. This way, companies can better manage their process while keeping their employees in a loop with centralized data sharing.

Availability of the On-Site Network from Anywhere

One of the best things about using a cloud ERP, such as the Oracle NetSuite, to smoothly manage operations is how it makes the on-site network of a company accessible from anywhere at any time. Of course, the entire data is not available to anyone, and only authorized personnel will get to access the needed information.

Without worrying about the security of the data, companies can share the required information and data with the employees working remotely. With this system in place, every employee gets a chance to use the same software, company resources and data, making collaboration and communication amongst the distributed team members reasonably easy.

Building Resilience and Agility

For anyone operating in the corporate sector, it is known that for a business to thrive, it needs to build on two critical factors – resilience and agility – tools that change the game during uncertain times. The capability of a cloud ERP to extend its functionalities beyond the infrastructure is what helps companies build on these factors.

Integration of cloud ERPs to support the remote working model is one of the most intelligent decisions for companies. This step allows businesses to work remotely without expecting a decline in the efficiency, productivity or functionality of the employees and the business performance.

One of the many reasons why some companies are not in favour of going remote is they believe that such models impact the pace of the work. This is a genuine concern. When we talk about physical workplaces, if an employee needs data from a different division, they can casually walk to that department and ask for it. When a company builds a remote working business model, this seems impossible.

With a cloud ERP, teams can easily share data and answer queries. It does not make much difference from a physical workplace.

Remote Working is the Need of the Hour

There is no denying there; remote working is the future of the corporate sector. The tool that is expected to assist companies with that is cloud ERP. Software such as Oracle NetSuite is proving its worth in the industry by helping companies seamlessly manage a remote team without leading to a decline in the company’s efficiency or productivity.

By opting to implement a Cloud ERP, a business can manage its distributed team more efficiently. Since remote working is the need of the hour and the companies have to find a way around it to survive. With software solutions from developers like Folio3, businesses can make the transitions extraordinarily smooth and quick with minimum disruptions to their day-to-day operations.