In order to deal with uncertain economic conditions Worldwide, businesses need to redefine the meaning of ERP and its deployment plan. Now, with the passage of time, Cloud Computing is transitioning from a buzz word to an integral part of the technology landscape.
A well- structured Enterprise Resource Planning (ERP) serves as the foundation for business success. It is responsible for the centralization of all business information and its integration with operational processes.
Cloud ERP – What’s the Background Knowledge?
Enterprises that have invested in ERP infrastructures, would have to seriously analyze different platforms in order to execute it seamlessly and securely. Cloud Computing serves as a customizable option here, offering valuable potential, like low-risk and low-cost, as compared to traditional infrastructure deployed to support an ERP deployment.
One cannot neglect the competitive advantage of wide accessibility and reliability that are achievable via the Cloud Computing framework. It not only offers efficient data storage for the bulk of information & archived databases, but also provides an adequate disaster recovery solution.
Modern advancement in ERP packages offers opportunity to have to access to customized software, with choices ranging from deployment over internal hosting facilities (local data centers and file servers) or externally vis-a-vis Cloud Servers.
Cloud Computing providers can deliver any type of ERP systems, and provision those services as Software as a Service (SaaS). This helps in significantly improving the overall productivity of your business enterprises.
Cloud Computing ERP with Exceptional Features to look at
Let’s look at graze upon a few benefits of deploying an ERP solution that takes advantage of Cloud Computing.
As Simple As It Can Be!
If observed from a technical perspective, deploying an Cloud ERP solution could not get any simpler – you are not required to purchase expensive servers, install or configure them with the help of highly technical team and most importantly you don’t have to continuously pay for their maintenance.
Additionally, managing local hosting solution may create higher level of complexities which requires expensive team of skilled technicians for issue resolution and continuous maintenance.
Traditional ERP solutions are deployed on local servers and networking equipment, initially businesses have to bear the capital investment for owning the data center and related IT infrastructure, further expansion is required in infrastructure to cater the needs of growing business which incurs additional cost both capital and man power is needed.
This is where cloud hosting and management cloud services provides maximum expediency. Cloud can be scaled up and down, you can customize software executing over it even integration with other software is possible.
You don’t have to bother about purchasing and maintenance of hardware but just have to pay for the utilized services.
Although, it does not provides controls like traditional ERP, still cloud platform offers complete controls to managing processes. Cloud grants full control to businesses for managing data and information, it also enable controls to define rights and permissions.
Cloud utilize centralized application and database servers for consistent management of all logic and data, reports are also delivered in a consolidated format making it simpler to track records and manage operations.
Although the ERP system is deployed and maintained off-premises, it only requires an internet connection to access ERP from anywhere with provided credentials.
Even though Cloud based ERP delivers worldwide accessibility with an establish internet link, its accessibility can be limited to company’s network in case internet goes down.
Cost Effective Solution
In general, an ERP can be deployed in Cloud architecture at a much lower initial cost with minimal total incurred expenses – companies get cost benefit by avoiding license purchases, mandatory hardware, software infrastructure, and continuous maintenance.
This is highly feasible solution for small and medium enterprises, as they have to pay for software subscription & services – not for purchasing the complete software suite. However, it may become costly as your requirements grow, and you add more employees to the system.
System integration is considered as the most important aspect if you are running a specialized application. You can select from two connecting methods; if you require real time data transfer then sure you get comprehensive application programming interface (API) from your cloud vendor.
Second method involve processes which don’t require real time data transfer, your cost can be minimized by less importing and exporting of files. In both cases, cloud framework delivers easy integration to any specialized software application.
Cloud Computing ERP – Conclusion Lines
Avoid complexities by moving to an ERP Cloud Computing platform, it let you focus on company’s core competency, resulting in increased operational efficiency and overall productivity.
ERP in the Cloud makes a perfect fit for the companies who would like to undergo with the most promising Cloud technology along with the benefits of ERP solution.