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What is Cloud Enterprise Resource Planning Software?

Cloud enterprise resource planning software is a robust suite of applications that enable one source of truth for real-time data and business information. This technology can help you operate your business efficiently – with applications like financial management, logistics, sales, 

What is Supply Chain Management?

Supply chain management is the broad range of activities required to plan, control and execute a product's flow, from acquiring raw materials and production through distribution to the final customer, in the most streamlined and cost-effective way possible. Supply chain activities cover everything from product development, sourcing, production and logistics, as well as the information systems needed to coordinate these activities.

What is the difference between logistics and supply chain management?

These terms are frequently used interchangeably. Logistics is an activity that makes up supply chain management. Logistics is the process that manages movement, storage and flow of goods, services and information. Supply chain management links logistics with other processes such as purchasing, customer service and manufacturing to develop a competitive advantage.

What is the main goal of supply chain management?

Supply chain management serves a strategic purpose. An efficient supply chain management process optimizes inventory and cost management, manufacturing, procurement, product data management, logistics, order management, product lifecycle management and supply chain planning to minimize costs and time lost while maximizing profit.">supply chain management

, inventory management and more. Cloud ERP software provides a great business management solution.

What to Consider When Choosing an ERP System
What is On-Premise?

On-premise refers to the type of enterprise resource planning server that is not hosted in the cloud and requires internal, onsite infrastructure to run the system and store company data. An on-premise, physical server is a more traditional solution for ERP software and data storage.

What are characteristics of an on-premise solution?

An on-premise solution hosts the system on-site and is maintained solely by the organization. While the cost upfront is higher, companies purchase the hardware and software licenses instead of paying a subscription fee. Upgrades are determined by the business, meaning the decision of whether to upgrade to a new release lies with the company.">On-premise

 vs. cloud-based software
What does “true cloud” ERP software look like?
Top benefits of cloud ERP software
Why companies are choosing to move to cloud ERP software
The selection process – not all software services are equal
Why ERP Cloud is the future of business technology
Best practices of cloud ERP
SAP cloud ERP solutions – ERP Cloud and NetSuite

ERP software comes in a variety of forms. When choosing the right system for your business, first consider this: on-premise or cloud-based ERP software?

On-Premise or Cloud-Based ERP Systems?

Before the shift to 

What is Cloud-Based ERP?

Cloud-based ERP is an enterprise resource planning system that uses a network of remote servers (referred to as “the cloud”), instead of on-premise servers, to store company data and run its enterprise system. Implementing cloud-based ERP software does not require the purchase of hardware, and the system is hosted off-site by a vendor.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

How is data stored in the cloud?

Data used by a company's ERP system is hosted on off-premise servers and delivered through the internet. However, how data is stored differs. There are three types of data storage:

Public – servers owned and maintained by a third-party that stores data of multiple organizations in a single location
Private – an autonomous storage environment controlled only by the data owner's organization
Hybrid – a combination of public and private
How do you keep data secure?

Cloud-based ERP systems typically utilize a multilayer approach to security. Additionally, security updates can be distributed routinely due to the cloud's remote nature. Some best practices for keeping data secure in a cloud-based ERP system are:

Segment responsibilities
Secure the system
Have a security plan
Update regularly

">cloud-based ERP

 software began, companies utilized on-premise software systems. The term “on-premise” refers to the location of the ERP system’s hardware and its delivery. On-premise systems are installed on-site on physical servers that host business data and run the system.

Today, many businesses choose to run with a new software system instead of on-premise. Simply defined, cloud technology means storing and accessing data and programs over the internet instead of your computer’s software system.

What Does “True Cloud” ERP Software Look Like?

Cloud software is more than just a solution hosted off-site and accessed with an internet connection. In terms of deployment, clients can be online fairly quickly and at a lower upfront cost than on-premise solutions. Additionally, major upgrades aren’t necessary because upgrades are automatically pushed out to customers when available.

These characteristics of cloud ERP systems tend to reduce downtime that customers can experience. When downtime does occur, most vendors offer substantial user support, diminishing the burden on an internal IT support team. In fact, many vendors have a commitment for uptime – NetSuite, for example, guarantees 99.5 percent availability for users and averages 99.96% uptime.

Cloud ERP solutions are equipped with tools necessary to improve productivity. As a modern technology, this software tends to be more flexible to use without adding customizations. Real-time data provides users with up-to-date business information, maintaining consistency across the organization. The software integrates some or all of the essential functions to running a business, e.g. accounting, inventory and order management, human resources, customer relationship management (CRM), etc. – into one complete ERP system.

  Top Benefits of Cloud ERP Software

While you’ve explored the individual benefits of Oracle ERP Cloud and NetSuite, their software also makes them similar in a number of areas. This software include a number of benefits, including:

REAL-TIME DATAWithin a cloud ERP system, data is always up to date for users to access, providing context to business decisions using the most accurate information.

MOBILE CAPABILITIESDue to its use of the internet to operate, cloud ERP software systems and the information they contain can be accessed from permissible mobile devices, including cellphones, tablets and more.

SCALABILITYInstead of licensing the full software as with an on-premise system, companies have a choice to purchase just the applications needed to run the business. Whether you decide to focus on your supply chain or streamline your finances, additional applications & software can be purchased and added later as the business evolves.

NO UPGRADES NEEDEDNo upgrades needed – as previously discussed, both ERP Cloud and NetSuite are run in the cloud, meaning all users operate on the same version. Upgrades are not necessary to implement new functionality or updates.

MODERN USER EXPERIENCEERP Software is now widely accepted as a business tool, but that wasn’t always the case. And while acceptance as such has improved, businesses are still on the road to digital transformation. ERP Cloud Software not only includes mobile capabilities to keep employees connected but also agile, real-time analytics provide you with the ability to make informed decisions and use modern user interfaces to personalize the experience for both the employee and customer.

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