Cloud ERP

Core Concepts

Definition

A type of enterprise resource planning (ERP) software that is hosted on a cloud computing platform rather than on a local server or on-premises infrastructure.

Detailed Description

Cloud ERP systems are designed to offer the same functionalities as traditional on-premises ERP solutions but with the added flexibility, scalability, and accessibility provided by cloud computing. These systems facilitate real-time data access, facilitate remote workforce collaboration, and typically offer subscription-based pricing models. Cloud ERP solutions are maintained and updated by the service provider, which can reduce the burden on IT departments for in-house management and maintenance.

Key Features

Accessibility from any location with internet access
Automatic software updates
Efficient resource management
Real-time data access
Scalability to accommodate business growth

Common Modules

Financial Management

Provides tools to manage accounting, budgeting, and financial reporting workflows.

Human Resources Management

Facilitates employee data management, payroll, and recruitment processes.

Supply Chain Management

Helps oversee supply chain processes from procurement to logistics.

Popular Implementations

Acme Corp Cloud ERP Rollout

Acme Corp transitioned from an on-premises ERP system to a cloud-based ERP solution to enhance remote work capabilities and improve system uptime.