7 reasons you should move your business to Cloud PLM

Cloud PLM is becoming an increasingly popular option for companies looking to get more out of their software.

As the market continues to grow, cloud-based solutions will become more robust and feature-rich, which means that a cloud PLM solution is an excellent option for any organization looking to streamline its processes and increase efficiency.

Cloud PLM software is also faster than traditional on-premises systems. This has been proven time and again by countless studies showing that moving your software services onto the cloud results in cost savings (both financial and otherwise), increased speed, and streamlined processes—all of which are crucial components when it comes to running an efficient business today.

1. Better collaboration and remote access

Collaboration is important to an organization's success, but can be difficult to achieve in a traditional client-server environment. Cloud solutions feature team collaboration tools that allow in-platform conversations and real-time updates of product designs, which helps foster a collaborative atmosphere between team members.

Additionally, cloud solutions make it easier for teams who live far away from each other to collaborate on projects by providing them with the same level of functionality as their local colleagues. Remote access allows users to access their work from anywhere—whether it's at home, at the office or in the factory. This accessibility makes it easy for teams to work together seamlessly, regardless of location or time zone differences.

2. Increased flexibility in pricing

Cloud PLM is pay-as-you-go, which means that once you have your licenses and subscriptions set up, all you have to do is start using the software, paying only for what you need. There’s no need to worry about paying for software maintenance when it isn’t needed or wasting licenses when you’re not using them.

This means that you only pay for the features, modules and capabilities that are most important for your business, making it easy to scale up or down as needed. This makes Cloud PLM ideal for companies that want flexibility in their pricing structure and don't want to be tied down by contracts with a particular vendor or software package.

3. Focus on your business, not software maintenance

Since it’s an SaaS solution, there's no IT infrastructure for you to manage. This means that all of the maintenance and support is handled by the provider. Plus, all users can access their data from any device without having to worry about security protocols or network settings like they would with software installed locally in the office.

Also, Cloud PLM is constantly updated. Rather than one release a year (or two), cloud systems get updated regularly as needed—in some cases daily! While this may sound like a hassle to traditional desktop software users who want control over when and how they update their systems, it actually makes life easier because bugs are fixed faster and new features are added quicker than ever before.

4. Faster response to market opportunities

Cloud PLM is a powerful tool that can help you manage your projects and products. It helps you focus on what matters most: your business. As a result, you will be able to respond to market changes faster because it allows you to scale up or down quickly. You can also respond to customer needs faster as Cloud PLM enables real-time collaboration and communication with customers, suppliers and partners from any device at any time. Moving to a cloud PLM system allows you to react faster to changes in the market that may affect your business.

5. Faster time to value

The cloud-based PLM software is ready to use as soon as you sign up. You don't need to wait for the software to be installed and configured, or wait for it to be configured and trained. You can start using your solution right away with no delay, which helps organizations save time in getting their products out into the market and minimize disruption to daily work processes. This means that you can be up and running with the software in no time at all, which means faster time to value from your new solution.

6. Easy integration with other solutions

If your company is already using other software to manage its processes, it's important to ensure that the new solution integrates with those applications. This way, you can ensure that your data can be shared between those various systems.

A cloud-based PLM can easily integrate with other applications and technologies in your business, such as ERP systems, CRMs and MES systems, making it easy to work with a more streamlined workflow that reduces errors and increases efficiency across departments by sharing information between them more easily than ever before (no worrying about compatibility issues).

7. Consolidated data, smarter business insights

The data that you collect from your PLM software can help you track the performance of your products, services and other aspects of your business. This allows you to make informed decisions about where improvements can be made, which will ultimately benefit your bottom line.

You don't need to run additional software or hire expensive consultants just to get access to this information. It's all right there in one place and ready to use whenever you need it.

Conclusion

There are a number of companies, both small and large, who have moved to the cloud to store their design data, and this trend is likely to continue in the years ahead.

Cloud PLM allows your team to integrate all of their previously disparate data in one seamless system. It also makes customization easy, and cuts down on extraneous expenses so you can focus more of your budget on projects that pay off more in the long run.

If you’re a fashion, footwear home furnishing, or accessories brand looking for a robust PLM solution, check out WFX Fashion PLM.

Head to www.worldfashionexchange.com OR sign up for a free demo and we’ll be in touch!