What is cloud ERP software?
Cloud-based ERP software refers to enterprise resource planning tools and applications users access through the Internet. Unlike with desktop ERP, you can manage every area of your operations from anywhere.
Cloud-based ERP vs traditional ERP on premise
Traditional, on-premise ERP software archives information within a company’s internal server infrastructure, rather than storing data in the cloud.
While this type of ERP system provides companies with more customized options, it tends to be more expensive than cloud ERP solutions and needs to be updated with services in order to stay current. It also takes more time to implement an enterprise resource plan using on-premise software than cloud-based ERP software.
Relatively new and small businesses, without clear business procedures and sophisticated IT, are likely to find on-premise ERP software cumbersome, complicated, and expensive.
The advantage of on-premise ERP software is its ability to be customized, which may provide a greater ROI for larger businesses with complex needs.