The reality is that most enterprise applications are well on their way to being cloud based. We've seen it with simple workloads such as HR and payroll, travel and expense management, and in the last decade we've seen the cloud as the new normal for customer relationship management (CRM) deployments. According to Gartner , "Spending on public-cloud-based, vertical-specific applications is expected to significantly increase through 2017, further highlighting the growing confidence in their use for mission-critical systems."
Upgrading your enterprise resource planning (ERP) system to the cloud means retiring your old approach to business management applications and no longer having to procure, install, maintain, and manage the infrastructure. And perhaps most compelling is to leverage the cloud to redefine your business processes and take advantage of a new era of service delivery and flexibility to enable your organisation to grow.
So what are the benefits of cloud based ERP solutions? Below are nine reasons why moving your ERP system to the cloud will benefit your business and support business growth.
Freedom of Choice
Put quite simply, not all cloud ERP systems are created equal. Specifically, very few ERP vendors respect your right to choose the deployment model that is most appropriate for you, and revise that decision down the road as your business grows or technical needs change. Your right to transition between on-premises, multi-tenant, and single tenant is an important one. It recognises that the "best" deployment model for you today might not be the best model in a few years, or even a few months. By providing the choice of Multi-Tenant (with its compelling economics and seamless upgrades) or Single Tenant (allowing more administrative control and administrative ownership), you can choose the model that works best for you.
Compelling Cloud Economics
Despite the cloud having proven its value beyond just good financial sense, there is no doubt that for companies of all sizes the economics of cloud deployment are undeniably compelling, moving from capital to operational expenditure. Some of the more hidden economic benefits of the cloud include:
* Not being as capital intensive as an on-premises deployment because of the subscription-based pricing model.
* Better and more instant scalability, allowing clients to add (and sometimes remove) users to their system on demand and saving them from having to invest in hardware and...