What Is Cloud ERP?
Cloud ERP is Enterprise Resource Planning software that utilizes cloud computing platforms to present businesses with flexible business process transformations. The term cloud stands for a broad set of software and application deployment models, namely SaaS: Software-as-a-Service.
Enterprise resource planning is a term used by professionals in the industry for activities that help businesses manage important departments within itself, such as inventory management and purchasing. The use of ERP applications is quite broad and can include software and modules to manage finance and capital management aspects of an organization.
Cloud ERP for Growth
The Netsuite Cloud ERP intends to address the rigidness of existing ERP modules by allowing businesses to choose the deployment options that suit their needs. Netsuite Cloud ERP is a flexible and cost-effective alternative for small and medium enterprises, and offers major advantages for expansion and sustainable growth, including:
Freedom to grow and scale: Reduces the business’ total costs
Freedom from IT restrictions: Offers a higher level of privacy and security, with easy accessibility and integration
Freedom of movement: With your data in the cloud, you can move it at anytime from anywhere
Freedom to innovate: Offers continuous new features with regular updates at your fingertips.
Other Potential Benefits
Cloud based enterprise resource planning benefits customers by reducing hardware costs and providing application scalability at the same time. Additionally, cloud computing has made it easier for CuriousRubik and Netsuite to offer ERP modules to customers who wish to progress by using technology, but not spend extra money on managing hardware and software.
To experts in the industry, cloud computing promises opportunities for businesses to completely change the way it uses and pays for information technology. For example, cloud sourcing applications by Netsuite eliminate the need for businesses to purchase expensive storage and server hardware, thereby also eliminating any maintenance costs, which are known to eat up huge chunks of an organizations budget.
Cloud Based vs. On-Site ERP
Cloud based ERP are becoming increasingly popular among businesses and organizations that want to reduce unnecessary costs incurred by IT departments. Companies that do not have experienced or highly trained IT staff, find it quite difficult to maintain their on-site systems. A significant amount of money, time and trained personnel is needed to keep on-site ERP systems up and running, even then, most experience major crashes every once in a while.
Cloud based ERP is typically less costly, due to low initial investment and you can always have the software customized to suit your needs. The host of the cloud ERP also maintains your entire IT infrastructure and ensures your data is safe and secure. Product updates and enhancements are installed to your platform without causing the slightest hindrance.
For now, cloud based ERP software continues to impress and make life much easier for businesses. Experts from various business fields are viewing it as a major helping hand for startup organizations and new business divisions within existing organizations.