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The Lesser Understood Advantages of a Cloud ERP System | @CloudExpo #ERP #Cloud
There are a number of reasons that push enterprise businesses towards a cloud-based ERP system
By: Harry Trott
Jul. 12, 2017 10:46 AM
There are a number of reasons that push enterprise businesses towards a cloud-based ERP system. Cost is definitely a big factor. Unlike legacy ERP systems that can cost several hundred thousand dollars in capital expenditure, cloud ERP is relatively a lot more affordable. They are also viewed as a lot more stable given that the data is stored on decentralized servers. But besides these, moving your ERP to the cloud can bring in a number of other lesser understood benefits.
With cloud ERP on the other hand, customization is quick and easy. Most of the cloud ERP providers offer the ability to integrate their systems with third party tools and features. As a customer, you do not have to really invent the wheel and could instead integrate your ERP with third party APIs that meet your needs. This is both cheaper and quicker to deploy.
This is not to say that hosted ERP systems do not have their advantages. There are some industries (like banking and healthcare) where government regulations prevent data from being hosted on third party servers. In such cases, businesses may either choose to go with a hosted ERP or pick a hybrid system to host their data. Alternately, there are also a number of HIPAA-compliant cloud services that serve ERP to customers. In the end, businesses must pick an ERP system that is right for their users. If the growing adoption of cloud ERP is any indication, businesses have come to realize the benefits that these systems provide.
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