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Deploying and Managing On-premise ERP Solutions
On-premise ERP solutions are witnessing widespread applications since
the last few years. These solutions generally boast niche
applications, and are installed in the server as well as hardware
system of a company. The in-house IT staff has the responsibility of
managing the software. However, there are a few companies who
outsource ERP management to third-party vendors. Either ways, once
cloud-based ERP is deployed, the company can enjoy the perks of
having a centralized system connected to the internet by an ERP
vendor giving access to customers via a web browser. The cloud-based
ERP software solutions, therefore, help organizations to reduce cost
spend on getting the required IT resources. Furthermore, the
technology does all these without compromising on flexibility and
scalability of the system
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Cloud-based ERP allows Workforce to Access Critical Information
Anytime, from Anywhere
The corporate sector as a unified segment is exhibiting a strong
demand for cloud-based ERP solutions. Deploying ERP enables the
workforce to access critical information and make relevant business
decision anytime, from anywhere. Furthermore, organizations that
deploy cloud-based ERP solutions can also capitalize on the intrinsic
attributes of the system that reduces the IT operational cost and
enables them to maintain data transparency on a real-time basis. In
the last couple of years mid-size companies have appeared at the
forefront of adopting the latest technology.
Latest Developments and Innovation to Further Boost Demand from
Global Cloud-based ERP Software Market
With an aim to make cloud-based ERP software solutions more
user-friendly, leading ERP vendors are integrating technologies to
help make ERP solutions accessible via smartphones and tablets. While
initial deployment of the technology may involve some investment, it
shouldn’t be deemed as unaffordable by small or medium-sized
companies. Rather, the technology is developed as a feasible option
for small corporations with limited resources to carry on their
business more efficiently. Despite such benefits, cloud-based ERP
solutions are taking time to make an impact worldwide due to their
limited availability and functionality in some regions. The
technology also has limitations pertaining to customization,
restricting it only to a few types of businesses using standardized
process. Further risks associated with potential security breaches in
the systems also inhibit the growth of the cloud-based ERP software
market.
Global Cloud-based ERP Software Market Witnesses Increasing
Competition
The global market for cloud-based ERP software faces increasing
competition as players are focusing on offering more customized ERP
solutions to suit customers’ needs. Some of the leading players in
the market include SAP SE, Oracle Corporation, Acumatica, Microsoft
Corporation, and Daffodil Software Ltd.
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