1. Security is Better in the Cloud
The ideal cloud solution includes security features that are much less expensive than other bolt-on solutions. Companies benefit from first-class security in the cloud in several ways. Layers of security in data centers maintain the safety of business data, and cloud ERP systems include built-in redundancy and multiple backups. Security failure mode and effects analyses (FMEAs) prevent hacking by continuously searching for vulnerabilities. In addition, the Standards for Attestation Engagements, otherwise known as SSAE 16 auditing processes (including SOC reports), ensure compliance with security and regulatory standards.
2. Compliance with Security-Related Regulations
Many industries are bound by stringent security regulations regarding the management and storage of business data. Cloud ERP solutions provide security as well as compliance with regulations like International Traffic in Arms Regulations (ITAR), which requires that supply chain communications are recorded electronically. In addition, the ideal cloud ERP system provides controls to restrict users' system access to other ITAR-compliant suppliers. With cloud ERP, you can also support paperless compliance with AS9100 and Rev. C. The ability to track program bids, pricing and cost data enables compliance with the Truth in Negotiations Act (TINA) as well. You can also pull detailed audits of accounting and manufacturing data, which is required for the Defense Contract Audit Agency (DCAA).
3. Peace of Mind
Data that is secure and easy to report on allows you to make strategic business decisions, keeping the plant floor running efficiently and helping you predict the future needs of your business. The ideal cloud ERP system handles it all, from quality to security, giving you peace of mind.
The immense amount of data generated by manufacturers needs to live somewhere, and a reliable cloud ERP system is the only sensible solution. Take advantage of security features that put your mind at ease with built-in redundancy and consistent backups, enabling you to comply with industry regulations.