Promises, Promises: Has The ERP Promise Finally Become A Reality?

Promises, Promises: Has The ERP Promise Finally Become A Reality?

Promises, Promises: Has the ERP Promise Finally Become a Reality?

You made me promises, promises you knew you’d never keep. Promises, promises why do I believe?”Cloud ERP

Those of us fortunate, or unfortunate, enough to enjoy the 80’s may remember these lyrics.  The lyrics could have been about the state of ERP before Cloud ERP came around. Before the Cloud, ERP promise was just that, a promise.  The benefits touted by ERP Vendors, such as connecting everyone and every function and every location in the organization, were largely out of reach for small to mid-sized companies.

ERP: Then and Now

Twenty plus years ago, ERP wasn’t a widely known term. From 1980-1990, Enterprise Resource Planning took its first steps in evolution. However, the overall goal of ERP technology has always been the same: Connect all the people in an organization from every function at every location.

As time progressed, large companies caught onto the concept of connecting all parts of their business. However, technology still wasn’t innovative enough to support all the potential ERP had to offer.

Common pay-per-user pricing made it difficult and expensive to have everyone in the system.  People also might not have owned their own computer or been able to access company servers so they couldn’t access the ERP software.  Every location wasn’t connected due to costly implementation costs.  There was also not a way to securely include partners and customers.

The new millennium brought on the invention of the Internet. Users had the ability to access ERP from any web-accessible computer. However, security issues still remained and it was hard to integrate cloud technology with on-premises systems.

Now in 2013, the latest and greatest in cloud ERP technology has arrived. The time to process reports has changed from days to minutes. All the obstacles standing in the way of the ERP vision are being combated thanks to these solutions:

1.  Pricing

Companies pay a flat rate for unlimited users. So if your company grows and you need to add more users, you will not have to worry about increasing costs.

2. Accessibility

You can check up on the ERP system on your laptop, smart phone, tablet, or just about any device with internet access.

3. Data Storage

Data is stored in secure and scalable data centers so from the infrastructure point of view, the solution is economically sustainable.

4. Security

Lack of security measures of past ERP systems made it nearly impossible for businesses to share data with external parties but thanks to advancements in encryption technology, businesses can now share data with anyone (partners, customers, employees, etc.) without having to worry about security.

In a sense, ERP was an idea that was far ahead of its time when first introduced. The technology at the time could not properly accommodate all the functions that an ERP system was expected to perform. Although there is still work to be done, the original vision of what an ERP system should be is slowly but surely beginning to become a reality. Considering the advancements in technology and the ERP industry, it certainly seems like not only is ERP here to stay, but with expected future technological advancements, it has a distinctively bright future.

stijn-hendrikse

By Stijn Hendrikse,

Stijn is the Chief Marketing Officer at Acumatica. He has over 20 years of experience in the software business.

About CloudTweaks

Established in 2009, CloudTweaks is recognized as one of the leading authorities in connected technology information and services.

We embrace and instill thought leadership insights, relevant and timely news related stories, unbiased benchmark reporting as well as offer green/cleantech learning and consultive services around the world.

Our vision is to create awareness and to help find innovative ways to connect our planet in a positive eco-friendly manner.

In the meantime, you may connect with CloudTweaks by following and sharing our resources.

View All Articles

Sorry, comments are closed for this post.

On Demand With The Gig Economy

On Demand With The Gig Economy

The Gig Economy By now, you’ve probably heard the phrase Gig Economy or seen services offered as “on-demand”. If you’re like 90 million Americans, then you’ve participated in this freelance workforce revolution as either a client or provider. The rise of apps connecting professional services, goods, and lodging directly to consumers via their smartphone is…

5 Cloud-Based Customer Service Trends

5 Cloud-Based Customer Service Trends

Customer Service Trends Customer service has become the new battleground in today’s marketplace. In fact, 97 percent of customers around the world now say that customer service makes a key difference in whether they decide to go with a brand or not, Microsoft reports. Many of the biggest changes in today’s customer service landscape center…

Conquering Disease with Artificial Intelligence and IBM Watson

Conquering Disease with Artificial Intelligence and IBM Watson

Artificial Intelligence and IBM Watson Artificial Intelligence, or AI, is growing increasingly pervasive in today’s modern world. Perhaps the most publicized and recognizable application of AI to date, IBM’s Jeopardy-winning computer, Watson, is now being used to help cure cancer. IBM announced the development of Watson for Genomics on Wednesday at the National Cancer Moonshot…

The Fundamentals of Predictive Analysis

The Fundamentals of Predictive Analysis

Predictive Analysis  Article sponsored by SAS Software and Big Data Forum Analytics is playing an increasingly important role in our lives thanks in large part to internet of things (IoT) developments and a greater appreciation of Big Data. With solutions that range across business productivity, health care, individual and national security, new insights are regularly…

Clouding Around With The Unicorns

Clouding Around With The Unicorns

The Social Unicorn Early investors and technology consumers alike love the poignantly named “Unicorn” companies, or private startups that reach the $1 billion valuation. The most recent unicorn spotting is social media game-changer Snapchat, which was recently valued at $16 billion. According to a recent infographic from Alexa discovered via Adweek, Snapchat also proves to…

Consequences Of Combining Off Premise Cloud Storage and Corporate Data

Consequences Of Combining Off Premise Cloud Storage and Corporate Data

Off Premise Corporate Data Storage Cloud storage is a broad term. It can encompass anything from on premise solutions, to file storage, disaster recovery and off premise options. To narrow the scope, I’ve dedicated the focus of today’s discussion to the more popular cloud storage services—such as Dropbox, Box, OneDrive—which are also known as hosted,…

The Internet of Things Lifts Off To The Cloud

The Internet of Things Lifts Off To The Cloud

The Staggering Size And Potential Of The Internet of Things Here’s a quick statistic that will blow your mind and give you a glimpse into the future. When you break that down, it translates to 127 new devices online every second. In only a decade from now, every single vehicle on earth will be connected…

The Questions of Privacy In The Internet of Things Revolution

The Questions of Privacy In The Internet of Things Revolution

Privacy in the Internet of Things Revolution The Internet of Things (IoT) has been promising a lot to consumers for a few years and now we’re really starting to see some of the big ideas come to fruition, which means an ever-growing conversation around data security and privacy. Big data comes with big responsibilities and…

Low Cost Cloud Computing Gives Rise To Startups

Low Cost Cloud Computing Gives Rise To Startups

Balancing The Playing Field For Startups According to a Goldman Sachs report, cloud infrastructure and platform spending could reach $43 billion by 2018, which is up $16 billion from last year, representing a growth of around 30% from 2013 said the analyst. This phenomenal growth is laying the foundation for a new breed of startup…

The Future Of Cybersecurity

The Future Of Cybersecurity

The Future of Cybersecurity In 2013, President Obama issued an Executive Order to protect critical infrastructure by establishing baseline security standards. One year later, the government announced the cybersecurity framework, a voluntary how-to guide to strengthen cybersecurity and meanwhile, the Senate Intelligence Committee voted to approve the Cybersecurity Information Sharing Act (CISA), moving it one…

Teach Yourself The Cloud: Cloud Computing Knowledge In 5 Easy Steps

Teach Yourself The Cloud: Cloud Computing Knowledge In 5 Easy Steps

Teach Yourself The Cloud Learn how to get to grips with cloud computing in business  Struggling to get your head around the Cloud? Here are five easy ways you can improve your cloud knowledge and perhaps even introduce cloud systems into your business.  Any new technology can appear daunting, and cloud computing is no exception.…

Fintech Investments Are Seeing Consistent Growth

Fintech Investments Are Seeing Consistent Growth

The Financial Services Cloud Fintech investment has been seeing consistent growth in 2015, with some large moves being made this year. The infographic (Courtesy of Venturescanner) below shows the top Fintech investors and the amount of companies they’re currently funding: Just this week, a financial data startup known as Orchard Platform raised $30 million in…