We’ve all heard of cloud, but an overwhelming majority of us still don’t fully understand what cloud really is. Businesses are consistently confronted with information that tells them to use cloud to keep their business current and relevant, but how can you utilize cloud with your Enterprise Resource Planning (ERP) software without a clear understanding of what cloud and cloud ERP are?
What “cloud” really means
Before the cloud, data, applications and software were installed and stored directly on local computers and/or servers. Many businesses still operate this way, but with the cloud you have the option to store your data somewhere else and run applications and software online. This offers increased flexibility and mobility for both operations and finances, as well as the opportunity to expand business functions.
Cloud ERP – is it right for your business?
When it comes to cloud ERPs, it’s essential to understand that there isn’t one singular type of cloud or cloud ERP deployment. There are multiple types and how your cloud ERP is deployed will determine the level of flexibility, risk and reward for your business. Whether or not cloud is the right fit for your organization isn’t a simple yes or no question, so The Answer Company, a leading Sage business partner for over 20 years, and Info-Tech Research Group, the world’s fastest growing information technology research and advisory company, recently published a collaborative research paper addressing the landslide of questions surrounding cloud in the context of business management software.
This objective research paper provides businesses with a foundation for understanding the different types of cloud ERP, the benefits and risks depending on how it is deployed, insight into how to evaluate Risk-Adjusted Cost Benefit and finally, guidance for determining if cloud ERP is the right fit for your organization.
Click here to access the research paper for free today!