Today, businesses of all sizes are striving to become more efficient and productive. To meet these objectives, companies are digitizing their operations and leveraging the internet to streamline their processes. As a result, they’re not only saving time but also increasing their efficiency and reducing costs.
Businesses can take advantage of digital technology by implementing an enterprise resource planning (ERP) system or cloud-based software. However, selecting a software program that meets your business needs can be challenging. There are many different options available today, each with its own pros and cons. Unsure which solution is right for you?
We’ll walk you through the advantages of ExxonMobil Business Online (ExxonMobil BCO), as well as the potential drawbacks associated with other ERP software options on the market today. Keep reading to learn more about ExxonMobil BCO as an alternative to other ERP software solutions out there.
What is Exxon Mobil Business Online?
ExxonMobil Business Online (ExxonMobil BCO) is one of the most popular cloud-based business management software solutions on the market today. It’s a comprehensive cloud-based solution that provides businesses with the tools they need to manage their operations efficiently.
ExxonMobil BCO allows users to manage their supply chain, procurement, sales and marketing, and customer relations online. This enables them to reduce their operating costs by taking advantage of remote data entry and real-time access to company data. ExxonMobil BCO was created by ExxonMobil to enable its own businesses to operate more efficiently. In 2009, ExxonMobil decided to open up this software solution to other businesses as well. Today, ExxonMobil BCO is available to customers in a variety of industries and is used in over 160 countries.
Why use ExxonMobil Business Online?
There are multiple benefits associated with using ExxonMobil BCO. Let’s take a closer look at five of them:
– Reduced IT Costs – As a cloud-based solution, ExxonMobil BCO doesn’t require an in-house team of IT professionals to manage it. This means that you won’t have to hire additional staff members or pay for expensive hardware and software. That’s because ExxonMobil BCO is hosted on the cloud and can be accessed remotely from any computer with internet access.
Furthermore, ExxonMobil BCO is available as a software-as-a-service (SaaS) solution. This means that you’ll be billed based on the number of users in your company, the number of hours they use the system, and your total business revenue. Therefore, your IT costs are likely to be lower than they would be with an on-premise solution.
– Improved Reporting Capabilities – While ExxonMobil BCO offers a variety of business management tools, its reporting capabilities are particularly impressive. ExxonMobil BCO makes it easy to track your business activities and identify areas for improvement. This is especially helpful if you’re a mid-sized or large business that has a complex supply chain. ExxonMobil BCO can help you identify areas for improvement and make adjustments as necessary to reduce costs and increase efficiency.
– Increased User Efficiency – Since ExxonMobil BCO is web-based, you can access it from anywhere. This means that you don’t have to be in the office to complete tasks. Instead, you can make changes while on the road and sync the data with your computer when you return. This makes it easy to increase user efficiency, which can help businesses improve their bottom line.
– Fewer Interruptions – ExxonMobil BCO is designed to be fully integrated with other software solutions. This means that you can seamlessly transition from one task to the next without interruption. It also means that you can rely on your business management software to accurately track your company data, which can help reduce errors.
– Easy to Implement – ExxonMobil BCO is a cloud-based solution, which means that it’s easy to implement. With an on-premise software program, you’ll have to set up a server and install the software on the computer(s) that it will be running on. This can be challenging, especially for small businesses that don’t have IT personnel on staff. It can also disrupt your operations and make it difficult to meet deadlines.
Drawbacks of using ExxonMobil Business Online
Like all software solutions, ExxonMobil BCO has some drawbacks. Let’s take a look at four potential disadvantages of using ExxonMobil BCO:
– Reliance on Internet Connectivity – As a cloud-based solution, ExxonMobil BCO requires internet connectivity in order to function properly. This can be problematic if your company experiences frequent internet outages. If a connection isn’t restored in a timely manner, employees won’t be able to access their systems and may be unable to complete key business tasks.
– Lack of Control – With ExxonMobil BCO, you’re not actually hosting the software in-house. Instead, it’s being hosted remotely on the cloud. This means that you don’t have as much control over it as you would with an on-premise solution. Depending on the cloud hosting provider that you select, you may have limited or no control over the hardware and software that powers your system. You may also have limited or no access to any backups that the hosting company has of your data.
– Difficulty Customizing the Platform – Since ExxonMobil BCO is a pre-built software solution, it may not be easy to customize. This means that you’ll have to choose the best solution for your business despite the fact that it might not be ideally suited to your specific needs. If you’re unable to customize the platform to meet your organization’s unique requirements, your business may struggle to operate efficiently.
– Lack of History – Since ExxonMobil BCO is a relatively new software solution, it doesn’t have a proven track record. This means that it’s impossible to know how effective it will be in the long-term. Of course, the only way to know for certain whether or not a software solution is reliable is to use it for years.
Drawbacks of using Cloud-based ERP Software
Given the advantages of ExxonMobil BCO, it’s easy to see that there are also some drawbacks associated with using cloud-based solutions in general. Let’s take a closer look at four potential drawbacks of using a cloud-based ERP software solution:
– Potential for Outages – While many cloud-based solutions have strong uptime rates, there is always a chance that the system may go down. This can cause major disruptions because your employees won’t be able to access the system and complete key tasks. If a cloud-based solution experiences an outage, it can be challenging to determine the cause and when it will be fixed. This makes it difficult to plan and can cause your business to lose money.
– Dependence on Third Party – With a cloud-based solution, the hosting provider has access to your data. It also has the ability to make changes to the platform without your input. While this can be done with security in mind, it also means that you don’t have total control over the solution. It also means that the hosting provider may decide to discontinue the solution at any time. You may also not be able to find another solution that works as well as the one you currently have.
– Challenges with Collaboration – Cloud-based solutions are designed for remote workers. As such, they’re not always the best option for businesses that have employees who work together in the same office. In this scenario, the best business software solution would be an on-premise solution. Cloud-based solutions can make it challenging for employees who work in the same office to collaborate.
– Lack of Customization – Since cloud-based solutions come pre-built, it can be challenging to customize them. You may not be able to make the changes that are necessary to meet your organization’s unique requirements.
Drawbacks of using On-premise ERP Software
On-premise ERP software solutions are installed on your computer(s) in-house. They’re commonly used by large businesses that want to maintain control over their software solution.
Let’s take a closer look at four potential drawbacks of using on-premise ERP software:
– High Initial Investment
– Since on-premise solutions are installed on your computer(s), you’ll have to make a significant investment in order to implement them. You’ll likely have to purchase hardware