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