Two events in the past two days have reinforced for me the dramatic impact that cloud computing is having on the way we do business. The first was a meeting with a new client who is getting ready to launch an ERP (“enterprise resource planning”) solution for small and medium enterprises hosted in the cloud. (That’s right, ERP for SME!). ERP systems have traditionally been expensive and complicated – and beyond the reach of the small companies who could get the greatest benefit from them. It’s great to see a kiwi company that wants to bring an ERP solution within the reach of every business – and in the process dramatically increase firms’ productivity, data quality and management information.
The second meeting was with Wellington-based start-up, Trustworks. Trustworks has built an online, cloud based platform for managing the thousands of trusts that families and businesses set up (and usually neglect). For a small annual subscription fee the system will store trust documents, allow trustees and advisors to collaborate, manage the trust and substantially reduce the risk and liability of trustees. Trustworks is also planning to launch an equivalent product for managing company compliance too.
Both of these companies have the potential to serve customers all over the world from a NZ base. It’s an exciting time for our tech entrepreneurs and investors – and the businesses who improve their own competitiveness by taking advantage of these cloud based services.