The benefits of cloud-based ERP include application scalability and reduced hardware costs, says Stephen Corrigan, CEO of MyERP.
When integrated ERP systems first became available, they were expensive to acquire and implement, needing huge onsite IT infrastructure and staff to operate and maintain. Only larger companies with established IT departments and substantial financial resources could expect a reasonable ROI from these weighty ERP implementations.
Cloud technology has dramatically changed the economic reality. Cloud ERP solutions now available for small and mid-sized businesses (SMEs) in a cloud SaaS configuration have changed the game. The benefits of cloud ERP software and SaaS are clear in significantly reduced upfront acquisition and implementation costs, as well as subscription licensing.
Local ERP specialist and CEO of MyERP, Stephen Corrigan, says cloud ERP software gives SMEs the same planning and execution capabilities as larger organisations, allowing them the same competitive advantages. "We have just completed our 11th Acumatica installation with absolutely no hiccups. We were amazed at how rapidly we can implement compared to the tedious traditional ERP systems."
Acumatica is cloud ERP software and cloud accounting software that enables SMEs to take control of their businesses, enables them to effectively drive growth, manage costs and be productive.
Cloud-based ERP benefits customers by providing application scalability and reduced hardware costs. In addition, cloud computing technology made it easier for Acumatica to deliver the ERP through a SaaS model for customers that want to acquire cloud ERP and not have to manage hardware, software, and upgrades while reducing upfront expenses.
When selecting an ERP product, it is essential that businesses beware of expensive imitations, says Corrigan. If it isn't adaptable or cannot be accessed through any browser without the need to install additional software, then it's just not true modern-day cloud ERP.
By 2016, heavily customised ERP implementations will be routinely referred to as legacy ERP. Research company Gartner says as alternatives to monolithic, on-premises ERP and enterprise applications continue to mature, CIOs and application leaders must take action to address the fast-approaching reality of legacy ERP.
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