Enterprise Resources Planning (ERP) has been one of the fastest growing sectors in the world. Of late, in the ERP market, the cloud-based ERP solutions have been trending. It is an alternative to the traditional on-site ERP solutions, which is recommended software solutions for startups and small business enterprises.
In 2015, around 33 percent of enterprises implemented cloud-based solutions, whereas in 2014 only 4 percent of the business houses were using the cloud platform.
These figures indicate that in the ERP market, cloud solutions have been getting momentum among the enterprises. The features of cloud-based solutions like – security, instant deployment, cost effectiveness and accessibility are the driving forces behind the surging number of cloud implementation globally.
As per a survey, the positive impact of the cloud solutions was loud and clear, as 70 percent of enterprises have reported that they saved money, whereas 80 percent of companies reported an increase in the productivity.
On an average 40 percent of enterprises have reported that they gained a higher return on their investment, reduced energy consumption, and launched new products.
Here we mentioned some of the distinctions between cloud and on-site ERP solutions, those could throw light on your queries like ‘why we should use cloud ERP solutions’.
Accessibility: You can access cloud base ERP through a web browser from anywhere in the world anytime with an internet connection. On-site based solutions are installed on locally on the company’s computer and the server. You can access to the solutions on site, not from any other location.
Investment: For could-based ERP, you will be billed monthly for the subscription. Whereas for on-site you need to invest in hardware initially. Comparatively, the cloud option would be cost-effective.
IT Support: You can get off-site IT support at no added cost whereas for on-site ERP you need in-house IT Support, which could be expensive in terms of comparing to the cloud-based solutions.
Upgrade: In the case of the upgrading, the cost will be included as a part of the subscription. For on-site, you need to upgrade your hardware as per your requirement based on your business model.
Implementation: Cloud-based ERP can be implemented instantly, whereas it would take some time to implement the on-site solutions in terms of security and hardware management.
You can move to cloud-based ERP solutions in order boost your e-commerce business.