If you are a business that needs access to full-function applications at a reasonable price without a substantial upfront expenditure for software or commitment towards long term infrastructure costs, then you must have heard about Cloud ERP.
Enterprise Resource Planning (ERP) is a management software, which is generally provided as a bouquet of applications, and which aims to drive automated data collection, interpretation, storage and management from various streams such as accounting, inventory, marketing, service delivery, operations etc.
Cloud ERP basically allows users to access Enterprise Resource Planning (ERP) software over the Internet. Cloud ERP generally has much lower onboarding costs, because computing resources are leased by the month rather than purchased outright and maintained on premises. Cloud ERP also provides companies access to the applications and data sans boundaries or geographical locations.
Technically the difference between Cloud ERP and on-premises ERP might be the way software is stored, accessed and maintained, but there are other considerable differences at play. Let's look at some of the key characteristics and advantages of Cloud ERP software.