Cloud computing has changed the way enterprises have approached their business workflows. It has allowed small and medium businesses to manage various administrative options of their organisation such as email handling, website hosts and offline storage. The new wave of innovative business processes is to have a cloud based ERP solution.
Enterprise Resource Planning solutions have been widely used by companies to supervise, manage and govern their business workflows. As an organisation grows, it needs to keep track of its increased production, managing activities and inventory, orders, invoices, pay-outs and a multitude of other aspects. For a growing organisation to monitor and control these facets, the options are pretty limited.
Small to medium business generally use Quickbooks and similar software to take care of their resource planning. But as they begin to grow, it’s hard to find options that can scale their ERP solution to the precise level of requirement. The ERP solution currently being used cannot handle the bigger picture. The higher-end ERP solutions available are costlier and excessive for a business enterprise in the early stages of growth.
This leaves options of amalgamating multiple smaller software and third-party alternatives to manage different aspects of operation. However, the functioning is very disjointed and inefficient and tends to become extremely complex as the organisation grows.
This is where a cloud based ERP solution trumps it all. Integrating an ERP solution with the intricacies of a business enterprise via the cloud is an intelligent way of skipping the hurdles faced while upgrading an ERP solution.
A cloud based ERP solution is highly efficient both in terms of technology and cost. While upgrading to a higher ERP solution, an enterprise needs to invest in upgrading its infrastructure, too. A cloud based ERP negates this requirement of a firm to have its own data centre. The power to run a full-scale ERP is offloaded on to the cloud.
Also, the organization saves on investment cost as well as running cost. It can resort to a monthly payment model depending on the number of users, thus making it a better alternative to keep the business sustained and growing. It is affordable when it comes to procuring licenses for the ERP solutions and can be controlled and tweaked as per the requirements and work volumes of the organisation.
Cloud based ERP solutions can either be a port of existing ERP software to be compatible with the cloud or they can be developed solely to be used via the cloud. Popular ERP solutions such as Microsoft Dynamics and Infor Systems have existed and entrenched the market with their adjusted usability. Such ERP vendors have begun offering options of cloud based ERP as well.
