ERP News

What Exactly is Cloud ERP?

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If you’re a top-level business executive advised by an outside computer consultant to try a cloud-based enterprise resource planning (ERP) solution, it’s understandable why you might be curious about the suggestion. How can this software resolve the inaccuracies, inefficiencies, low productivity, high costs, and low revenues in your organization?

ERP functionality is far different from any other enterprise software you have used in your business. Cloud ERP in particular can help your organization streamline system integration and cloud computing.

Some Basic Definitions
1. Enterprise Resource Planning (ERP)
The best way to understand how Enterprise Resource Planning (ERP) works is to think of it as a way of unifying your computer systems. You’re connecting core parts into a single, digitized experience.

2. Cloud computing
When you stand on a platform to deliver a presentation, you stand at an elevated level to facilitate communication. You can see your audience and they can see you. In computer parlance, the word “platform” is used as a metaphor to describe where an application stands so that it can deliver its services of gathering, organizing, and disseminating information. Consequently, software can be on-premise software or cloud-based software. If it’s on-premise software, it’s installed on the company’s platform, which is a local server; if it’s cloud-based software, it’s installed on a third-party platform, which is a remote server.

Cloud computing provides a wide range of benefits like improved flexibility, disaster recovery, and automatic updates. Cloud computing frees up your capital expenditure. It allows you to work from anywhere, increases collaboration between users, and enhances document control. Additionally, cloud computing offers a wider range of security measures compared to on-premise solutions.

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