What is cloud-based ERP?
Cloud ERP systems are often the backbone of successful businesses. Essentially, the right solution brings operations within different sectors into one place. Modern day cloud-based ERP systems provide enhanced flexibility at an affordable cost.
Summary
In this race to reach increased ROI and growth, SAP solutions have also moved to the cloud.
SAP Cloud ERP, formerly known as SAP S/4HANA Cloud Public Edition, stands out as a lucrative tool for growing businesses. Let's take a look at some of the cloud ERP systems currently available.
Cloud ERP delivers software as a service (SaaS), unifying operations with anytime, anywhere access. All while lowering upfront costs and shifting maintenance, security, upgrades, and storage to the vendor. SAP's Business Suite covers end-to-end business needs beyond core accounting. This overview defines cloud-based ERP and highlights leading options to help growing businesses choose the right fit.
What Are Cloud ERP Solutions?
Cloud ERP systems are solutions that offer all the features of a traditional ERP system but can be accessed via the cloud. By hosting in the cloud, this makes the solution accessible anywhere, anytime, on any device. As opposed to an on-premise ERP system, which requires ownership of hardware such as servers and data centers.
Cloud-based ERP systems use a provider's or vendor's hardware to host their software. For this reason, these systems are called Software-as-a-Service. Customers do not own the cloud ERP software---instead, they use it by paying an annual or monthly subscription.
Leveraging cloud ERP can be extremely beneficial because there are no upfront hardware costs. The maintenance, security, upgrades, and storage are handled by the vendor of the platform.
SAP applications go well beyond the basic core functions of accounting and inventory. SAP Business Suite delivers a complete, robust solution covering all aspects of business management, including:
- Human Resources
- Financials
- Analytics
- Supply Chain
- Project Management
- CRM
- and much more.
Some of the Cloud ERP Systems in the Market
Now that we understand what a cloud ERP system is, let's look at some of the available cloud ERP software:
- TYASuite ERP
- TYASuite ERP offers broad tools that cater to operations. Their tools coordinate production, financial management, billing, order management, and supply chain management. The wide range of services TYASuite ERP offers has allowed businesses of all sizes to grow. TYASuite is one of the most widely integrated ERP platforms today.
- Scoro
- Mainly a project management ERP. This platform helps organizations integrate different work processes through work management tools. Inclusions are invoicing tools, currency support, financial modules, and CRM.
- Customers have seen improvements in expanded sales and the ability to leverage insightful reporting and analytics. In turn, this has helped businesses develop their sales and marketing strategies.
- Oracle ERP Cloud
- Among the international cloud ERP providers, Oracle's stand-out feature is its adaptable pricing strategy. Oracle ERP Cloud allows businesses to pay only for the services they use, when they want them.
- Acumatica
- One of the early pioneers of cloud-based ERP software and remains a leader in this area. Its deployment options offer flexibility and scalability to businesses of all sizes.
- SAP Cloud ERP
- A brand from Germany known for reliability and longevity. SAP gives consistent financial and accounting solutions, along with sales and CRM features. The emergence of SAP Business Suite also offers HR, supply chain management, procurement, and billing modules. Businesses get one intuitive dashboard for all sectors of their business.
Conclusion
Many growing businesses can find it challenging to select the right ERP solution for their business. At Navigator Business Solutions, we believe it's also about finding the right solution and partner. Our team is happy to help guide you through the process of finding the right ERP solution and partner.
