ERP systems are often the backbone of successful businesses bringing their operations within different sectors into one place; an effect of this digitalization is that ERP systems need to keep up with the increasing demands of the market. Cloud-based ERP systems have emerged as a saving grace for all kinds of businesses by providing enhanced flexibility while keeping costs low. In this race to reach increased profitability and growth, SAP for small business has also adopted cloud computing to maximize the benefits of implementing SAP. Because of SAP Business One’s diverse modules, it stands out as a lucrative tool for small to medium-sized businesses. Let’s take a look at some of the cloud-based ERP systems currently available to understand which functionalities are best suited to drive innovation.
What Are Cloud-Based ERP Systems?
Cloud-based ERP systems are softwares that offer all the features of a traditional ERP system but can be accessed via the internet. 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. Using a cloud-based ERP can be extremely beneficial because there are no upfront hardware costs and the maintenance, security, upgrades, and storage are handled by the vendor of the platform.
Some of the Cloud-Based 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 offers broad tools that cater to operations—tools that coordinate production, financial management, billing, order management, and supply chain management. The wide range of services TYASuite ERP offers has profited businesses of all sizes, making it the most widely integrated ERP platform today.
Scoro is predominantly a project management ERP. This platform helps organizations integrate different work processes through work management tools including invoicing tools, currency support, and other financial modules. It also offers a CRM, paving the way for expanded sales and insightful reporting and analytics to help businesses develop their sales and marketing strategies.
Oracle ERP Cloud
Among the international cloud ERP providers, Oracle’s stand-out feature is that it offers an adaptable pricing strategy, allowing businesses to pay only for the services they use, when they want them.
A brand from Germany known for reliability and longevity, SAP ERP gives consistent financial and accounting solutions, along with sales and CRM features. SAP ERP also offers HR, supply chain management, procurement, and billing modules to target different aspects of your business from one intuitive dashboard.
With cloud-based ERP softwares becoming an integral part of many growing businesses, multiple companies offer software solutions with competitive advantages. Our team at NBS is more than happy to guide you through the process of finding the ERP solution that accommodates both your requirements and your goals.