ERP stands for Enterprise Resource Planning and enables data storage, management and interpretation. Ideal for managing large volumes of data, ERP software makes it easy for companies to manage data related to product planning, shipping and payments, human resources, finance, and more.
While not 100% of companies still rely on ERP, most are aware of its existence – much because of its huge advantages. You can choose integrated cloud ERP solutions via OneBusiness to manage the data of the company or business.
In general, there are two ways to implement ERP – on-premise ERP and cloud-based ERP. On-premise ERP is essential for maintaining ERP software and related data within the customer organization itself. Cloud-based ERP, on the other hand, requires customers to host their software and data on other servers available online.
Currently, many health institutions, educational institutions, hotels and resorts, multinational companies, and banking organizations use ERP. Directly linked to an organization's return on investment, ERP enables better management of resources and data. And if India stabilizes in terms of technology skilled workers, the ERP market will surely see impressive growth.
Cloud-based ERP/SaaS implementation
SaaS-based ERP is preferred by small and medium-sized businesses. Gartner research shows that reduced costs and faster implementation are the main drivers of this evolution.
Because software-based ERP solutions as a service support customer companies in providing ERP applications in a cloud environment. The ERP software and related data are centrally hosted and accessible via the Internet.