If you’ve been in the information technology industry for any length of time, you’ve probably heard of ERP – Enterprise Resource Planning. Many companies rely on ERP to organize and manage data that is spread out across multiple departments that act independently.
Traditional ERP solutions are often placed on a company’s server and require someone to manage it and update it regularly in order to stay current and keep departments updated with the latest information.
As the name suggests, Cloud ERP is based in the cloud. It relies on the cloud structure to help companies share information from one department to the next — faster and more efficiently. Cloud ERP incorporates many of the primary functions of running a business, like a customer relationship building and management, accounting and finance, and human resources, into one system.
The shared database that the Cloud ERP solution operates in allows multiple departments and multiple users to access the same information to meet specific needs without an expensive and time-consuming server.
What are the benefits of Cloud ERP?
#1 It is more accessible.
#2 It is more mobile than traditional ERP systems.
#3 It can be hosted on one platform and accessed in one system.
#4 It allows for uploading data in real-time through the cloud.
#5 It increases collaboration among team members and departments.