Cloud ERP is a method of combining enterprise resource planning with cloud computing, helping businesses become more flexible in dealing with new processes. With the help of the cloud, ERP can now be extended to companies in the form of SaaS (software as a service).
This reduces costs for the company on the hardware and software front. This is only one of the many advantages companies have when they migrate to the ERP based cloud. We help you run your business better from various NetSuite ERP sources.
Today, three cloud ERP options are available to companies. They are public, private and hybrid. Each of these options has its advantages:
- Private: Clouds used only by an organization are referred to as private clouds. Ex: Bank. Such cloud ERP is most appropriate when used with legacy systems because they do not already have cloud computing capabilities such as as a built in feature.
- Hybrid: The combination of one or more clouds is referred to as a hybrid cloud. Companies can implement their Cloud ERP in the form of SaaS (Software-as-a-Service). The example of this is customer relation management. This case is best suited to operate in a cloud.
- Flexibility: Although ERP systems were popular from the date of their inception, the problem prevented it from entering every organization. Now this problem can be overcome by connecting ERP with cloud. Now companies may prefer to choose the option based on their needs.