Data security and compliance management is the crucial need for today’s businesses. If you are concerned about your data security and remain compliant, implementing cloud ERP can resolve your concern.
With this blog draft, you will have an in-depth overview of how cloud-based ERP software can help improve data security and compliance. Before we go into a flow, let’s understand the need for cloud ERP.
Managing business operations using cloud ERP software can help streamline your operations and increase visibility across processes through centralized data over a cloud network. When you choose AI-powered ERP, you simplify and automate most of your time-consuming and recurring tasks.
In this whole, keeping data secure is imperative which you need to consider from the very first day of ERP implementation. Thus, with increasing ERP adoption, the need to secure the data over the cloud network becomes essential for growing businesses.
Even, you cannot survive by managing your processes manually and dealing with decentralized data.
This is where the need for cloud ERP arises, but again you cannot compromise with your data security and compliance management. Thus, the need for data security practices and compliance management arises.
With this consideration, let’s understand how cloud ERP can help improve data security and compliance:
Data encryption and security protocols
Cloud-based ERP software leverages high-end encryption methods to secure data while stored in the cloud or data transition. This in turn helps and protects your data from unauthorized access or hackers.
Cloud-based ERP software like LionO360 comes with a built-in multi-factor authentication protocol that helps prevent unauthorized access to your system and cyber threats.
Our system also comes with a 128-bit encryption method that ensures data security for both the data storage in the cloud and while data is on the move.
Updates on regular intervals
When ERP is deployed on a SaaS model, all the features or software updates are done automatically. Thus, things get updated in real-time leaves no space for hackers. Such automated updates involve feature updates while ensuring the security concerns.
At LionOBytes, we often come up with new feature releases to ensure your seamless alignment with your growing business requirements. We also take care of security concerns proactively, ensuring seamless and reliable usage of our LionO360 cloud ERP system.
Disaster recovery/Backup solutions
In case of data loss for any reason whether hardware failure, cyber-attack, or even in the case of natural disasters; a cloud-based system ensures seamless disaster recovery. Your data is protected by different data centers with various levels of backup plans.
In case of system failure, quick data recovery can be done whereby you can enjoy uninterrupted process flow across your business space.
LionO360 stores your data on the Microsoft Azure cloud server that comes with a multitude of backup levels. With this, in case of data loss, our experts can quickly ensure data backup so that you can enjoy the process continuity.
Global regulatory compliance
If you are dealing with multiple regions or on a global level, ensuring compliance with global regulations is a must-have deal. Thus, most of the cloud ERPs are built to address and align with regulatory standards such as GDPR, HIPAA, and SOX. All these built-in tools help to ensure global compliance and industry-specific regulations.
Role-based access control
Role-based access control is the functionality in most of the ERP solutions that enables businesses to define user access and control. In this, you can allow and limit access as per the user roles.
Thus, this feature in cloud ERP ensures only the users with set permissions can access the data or sensitive information. This in turn prevents data misuse and unauthorized access.
Let's have more clarity on this through a use case. So, you have separate teams for sales, marketing, and field operations. Now, there is no sense if the sales team has access to the operation team’s data and the operation team has access to the marketing team’s data.
Here using role-based access can enable your teams to access the associated data only. In LionO360 ERP, we have roles and hierarchy functionality whereby you can set access to data as per defined roles and hierarchy in the system. This can help prevent data misuse and streamline access control across your organization.
LionO360’s best practices to improve data security and compliance
With LionO360 ERP – a product of LionOBytes, you can centralize your data and enhance your data management capabilities equipped with data security mechanisms and global compliance.
We enable you to safeguard your data with data encryption, automated features & security updates, disaster recovery, role-based access & control, and built-in global compliance and regulations.
Moreover, the LionO360 Cloud ERP system is hosted on Microsoft Azure cloud that helps safeguard your data, keeps your data safe in different security layers, and makes data accessible by leveraging the potential data center.
Frequently Asked Questions
What are the key security features of a cloud ERP system?
Most of the Cloud ERP systems come with data encryption, multi-factor authentication, roles & hierarchy-based access control, multi-layer backups, etc.
To know more, talk to our experts today, we can help.
Does Cloud ERP support disaster recovery for data protection?
Yes, the cloud ERP system comes with disaster recovery facilitation that helps you recover lost data to ensure smoother operational flow and data protection.
To secure your data with LionOBytes, connect with us.
What user authentication options are available in Cloud ERP for security?
The user authentication option prevents your data from unauthorized access. This refers to multi-factor authentication which helps and enhances data security. Users are required to verify their login through OTP verification whether via Gmail, SMS, or phone call.