How The Future Of ERP Is Going To Change

The Future of ERP

Large businesses depend a lot on the future of Enterprise Resource Planning (ERP), and every decision taken by them is solely based on information extracted by using ERP application. There is no business domain that does not use ERP in today’s fast moving world. ERP is installed on a centralized server in the company and is managed by a team of specially trained people who look over all the functions and operations of it. From generating critical real time reports to marking employees’ attendance, ERP plays a critical role in controlling the flow of information throughout the company.

With all the benefits of ERP, it still requires a lot more attention and resources to be managed. With the increase in cost of maintenance, many companies are thinking to move the whole ERP system over the cloud. Cloud Computing which was once seen as a total disaster for the ERP systems is now being linked with it for the better management of ERP.

Why go for Cloud ERP 

Unlike traditional ERP system, Cloud ERP provides much more flexibility and ease of use without increase the cost of setup and still providing much more features that are fit for every type of business.

Lower Cost and Licensing 

Unlike traditional ERP, companies do not need to purchase a license for every user that uses the system. Instead, a company can simply pay a fixed amount for the Cloud ERP license and then everyone can use the system. In a nutshell, Cloud ERP is cost effective solution for small and medium sized businesses.

System Updates OTA 

The biggest advantage for deploying Cloud ERP is that companies do not need to update their systems every time to get new features and upgrades. Cloud ERP gets updated OTA and saves a lot of time and effort as compared to getting updates on the traditional ERP.

Better Data Management 

Cloud ERP also provides better scalability over managing a company’s data placed in the cloud. With the whole data in the cloud, it is very easy for any company to move it anywhere at any time without losing it.

More Security for Company Data 

Cloud ERP also provides top level security and privacy to a company’s data by using strict protocols and mechanism that can protect data from any potential threat.

Verdict 

Cloud Computing and ERP together can bring innovations and can drastically change the fortune of a company. Not many Cloud ERP systems are available in the market but according to analysts, it can take up to 5 years to fully transfer from traditional ERP to a Cloud based ERP.

By Walter Bailey

12 Cybersecurity CEOs On What Each Learned Leading During The Pandemic

12 Cybersecurity CEOs On What Each Learned Leading During The Pandemic

Cybersecurity CEOs’ lessons learned from navigating the pandemic provide a valuable framework for leading and growing a business through anxious, uncertain times. How each cybersecurity CEO responds to the challenges of keeping employees safe, customers ...
Gary Taylor

Addressing 5 Key Risks for the Hybrid Worker

Hybrid Worker Risks Organizations are under pressure to secure their remote workers, but they are also worried about the potential impact on user experience. Can they have it both ways without compromise? The pandemic has ...
Anita Raj

Can the cloud handle the streaming explosion caused by the pandemic?

The Streaming Digital Explosion From the time the coronavirus forced the global community to stay at home, a whopping 16 million people have newly subscribed to Netflix, which is more than double the number the ...
Gary Taylor

5 Reasons Why Virtual Desktop Infrastructure Will Go Mainstream Post 2020

Virtual Desktop Infrastructure Growth Virtual Desktop Infrastructure (VDI) technology enables remote users to access their desktop from anywhere using an internet connection. This technology has been around for a couple of decades but never received ...
Sangeeta Chhabra

Leverage DaaS To Solve Challenges of Remote Work

Solve Challenges of Remote Work In the past one year of Coronavirus (COVID-19), we have seen it all: An ailing world economy, dramatic changes in the political structure of many countries, and, most prominently, a ...
Kayla Matthews

7 Technology Trends to Look for in 2020

Leading Tech Trends 2020 Cloud computing has become the norm. As of 2019, 94% of IT professionals were using the cloud in some form or another. This widespread adoption means that although it was once a ...