ERP stands for Enterprise Resource Planning to manage business of an enterprise. The ERP business hierarchy levels is based on the various modules so that their operations are monitored and calculated correctly as per the direction of the business in the organization.
ERP is the best solution for businesses which are growth-oriented
ERP ensures that:
- Global and real-time data visibility is only possible from ERP for operational efficacy.
- ERP addresses all aspect of business concerns.
- It works efficiently in making lead-to-cash (L2C), order-to-fulfillment (O2F), and procure-to-pay (P2P) processes seamlessly.
Type of ERPs:
- On-premise ERP - It involves the installation of data collection and processing locally on your company's hardware & servers then managed by company own staffs.
- Cloud ERP- It is provided as a service. A company's ERP software and its associated data are managed centrally (on the Internet "cloud") by the ERP vendor and are accessed by customers using a web browser.
The benefit of Cloud ERP:
- Decreased costs- Cloud ERP allows organizations to access data remotely without complex technical configuration or robust IT staffing.
- Focus on core competencies- it allows organizations to outsource their IT function and focus on their core competencies & business.
- Increased security - Cloud ERP solutions offer enhanced security measures that protect your data when it is at rest and when it moves from your systems to the host servers.
- Faster Implementation - Cloud ERP is faster to implement than on-premise ERP systems. The best part is that cloud technology can be configured within 24 hours only.
- Flexible - Cloud ERP is flexible because it can be accessed from anywhere with any Internet-enabled device.
- Real-Time Support- 24/7 quick support for customer satisfaction.
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