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What is Cloud based ERP Software and How Does It Work

by Arjun Patel Web Designer,

For decades, enterprise resource planning or ERP systems have been an essential component of business transactions, integrating various operational aspects around a single source of truth. It simplified the orchestration of core business functions like finance, marketing, human resources, sales, logistics, project planning, plant maintenance, and much more.

 

However, while ERP software was initially designed for complex on-premises deployments, in the cloud era, you just need an active internet connection and a web browser to enjoy their benefits at scale. How do Cloud Based ERP Solutions work, and what has been their role in reinventing the art of enterprise management in the Digital Age? Read on to find out!

 

What Are Cloud Based ERP Solutions?

 

 In contrast to on-premises ERPs, Cloud Based ERP Solutions are available as a service, at a predictable per-user subscription, with the actual technology stack deployed in your vendor's servers. While this provides performance at par or even better than on-premises deployments, it allows you to effectively bypass issues like high upfront costs, hefty licensing fees, and other recurring expenses for maintenance and upgrades. 

 

Gartner estimated that the convenience of the cloud will have businesses deploy 95% of their workloads in cloud-native platforms by 2025. It is no different for ERP systems. Cloud Based ERP Solutions are far more available, resilient and mobile compatible, allowing your teams to be productive like never before. 

 

Further, Cloud Based ERP Solutions are highly agile and built for growth, allowing you to ramp up or down as per your business requirements. For instance, with an ERP for the Mid-market like SAP Business ByDesign, you can quickly scale your operations on demand. It won't be an overstatement to say that Cloud Based ERP Solutions have allowed many organizations to adapt and thrive amidst the COVID-induced disruptions, allowing employees to access mission-critical information at a place and time of their choice. 

 

What Are the Different Types of Cloud Based ERP Solutions?

 

If you have your digital transformation strategy woven around a future-ready ERP system, there are a variety of Cloud Based ERP Solutions available in the market to choose from. These includes:

 

- Multi-tenant SaaS: A single version of the ERP application and infrastructure is shared by multiple tenants or customers, optimizing costs. However, despite sharing resources, the customers' data remains siloed and well-protected. 

 

- Single-tenant SaaS: As the name indicates, in this model, you can avail your dedicated resources with a private server running the unique ERP application instances. 

- Public cloud: Here, you share cloud computing services with other subscribers over public cloud platforms like AWS, Microsoft Azure, or the Google Cloud. 

 

- Private cloud: This involves dedicated cloud computing services.

 

- Hybrid ERP system: A hybrid architecture combines an on-premises ERP application with the benefits of a public or private cloud to deliver unique business advantages. 

 

What Are the Benefits of Cloud Based ERP Solutions?

 

-Faster time to value: You will probably agree that in today's closely competitive markets, speed is as essential as quality, and prolonged outages of core systems like ERP are unaffordable. However, in ERP implementation projects, overshooting timelines is typical. 

 

In respite, Cloud Based ERP Solutions are faster to deploy as they avoid setting up on-premises infrastructure and building implementation teams in-house. In fact, with an SAP Qualified Partner Package like Percipere's Insta-FinPro, you can confidently go live within just six weeks. 

 

-Improved accessibility: Mobile-compatible Cloud Based ERP Solutions allow you to access business information in real-time using an Android or iOS device. However, continuous innovations by the leading ERP vendors worldwide further simplify system access. For instance, using the PerciScan mobile application available with the Percipere OptiFlow SAP Business ByDesign Package, you can access the entire range of warehouse management functionalities. 

 

-Robust security and compliance: Information security and compliance are a pertinent concern for businesses operating across every sector today. However, you can effectively delegate such worries by choosing Cloud Based ERP Solutions from a globally acclaimed leader like SAP. Backed by decades of industry experience, consistent investment in cybersecurity and R&D, regular upgrades, and a perspective of operating across geographies, SAP delivers a degree of security and compliance that only a few businesses can avail otherwise.  

 

-Assured disaster recovery: Failure of mission-critical hardware and data storage systems is a nightmare scenario for any organization, severely affecting business continuity. However, with Cloud Based ERP Solutions, your valuable business data is locked safe in the vendor's data centers, with geographical dispersion and strategic redundancy. Besides better disaster recovery, this approach also allows you to store your data offsite yet comparatively closer to your business locations worldwide, providing faster access. 

 

Final Note

 

 The relevance of Cloud Based ERP Solutions for modern businesses is undeniable, and they don't get any better than SAP products, whether you are looking for an ERP for the Mid-market or large enterprise operations. Perhaps no other Cloud Based ERP Solutions give you similar flexibility in running mission-critical workloads from anywhere, incorporating intelligent technologies, exploring new business models, and expanding globally without limit. 

 

However, making most of Cloud Based ERP Solutions still depends on implementation with business foresight and technical expertise, qualities that Percipere, as an SAP Gold Partner, has been trusted for by its clientele worldwide over at least half a decade. We invite you to get in touch with one of our certified SAP consultants and realize the possibilities that Cloud Based ERP Solutions have in store for your business. 

 


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About Arjun Patel Junior   Web Designer,

1 connections, 0 recommendations, 18 honor points.
Joined APSense since, February 22nd, 2022, From MUMBAI, India.

Created on Jul 21st 2022 04:46. Viewed 274 times.

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