Below is the first in a series of blogs discussing Cloud ERP. In this series, we will start with the topic in very general terms and progress to specific advantages and disadvantages Cloud ERP applications. Finally, we will cover specific functionality available in applications such as Oracle’s Cloud ERP.
As per National Institute of Standards and Technology (NIST), cloud computing is a model for enabling convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services). The resources can be rapidly provisioned and released with minimal management effort or service provider interaction.
When it comes to Enterprise Resource Planning (ERP) on the cloud, WhatIs.com defines Cloud ERP as an approach to ERP that makes use of cloud computing platforms and services to provide a business with more flexible business process transformation.
As noted in a recent PwC report, global revenues from cloud-based Software as a Service (SaaS) solutions have already surpassed new license revenues from traditional ERP systems. Corporations of all sizes, from mid-size companies to global corporations, are making the switch. They are either moving to a complete cloud-based model or to a hybrid model that can scale to meet new customer demands. There are many advantages to cloud-based ERP systems, such as the Oracle Cloud ERP system. The three main are:
Leverage the cost advantages and flexibility of having a cloud-based Oracle ERP solution and base your operations on the growing needs of your business. This would ensure that your IT investment dollars are optimized, leaving you free to focus on the core necessities of your business!
We at Computer Technology Resources are certified Oracle experts and can provide you a no-obligation consultation on a Cloud ERP solution that would work for your business. Please contact Dick Kenny at 714-912-9719 or email firstname.lastname@example.org