What is Cloud ERP Software?
During this pandemic companies with Cloud ERP were able to still maintain business as usual (remotely, of course). All of their data was conveniently accessible from any type of device with an internet connection.
Cloud-based computing (also called Software as a Service, or SaaS) allows users access to software applications that run on shared computing resources (for example, processing power, memory, and disk storage) via the Internet. These computing resources are maintained in remote data centers dedicated to hosting various applications on multiple platforms.
Cloud ERP is Software as a Service that allows users to access Enterprise Resource Planning (ERP) software over the Internet. Cloud ERP generally has much lower upfront costs, because computing resources are leased by the month rather than purchased outright and maintained on-premises. Cloud ERP also gives companies access to their business-critical applications at any time from any location.
While technically the only difference between Cloud ERP and on-premises ERP is where the software is physically located, there are other significant differences. Here we explain some of the key characteristics and advantages of Cloud ERP software
Benefits of Cloud Computing:
- Low initial costs
- Operational predictability
- Business flexibility
- Lowers risk of data getting hacked
- Accessing the system from anywhere makes it easy for a company to expand geographically since the internet is everywhere and there is no need to implement hardware and software at remote locations
During this pandemic companies with a Cloud ERP were able to still maintain business as usual (remotely, of course). All of their data was conveniently accessible from any type of device with an internet connection.
Not only are they able to access their data, but the data they are accessing is all real-time.