Security is often the top concern for prospective ERP buyers. Advantages and disadvantages of cloud ERPs On-premise software is installed locally, on a company’s own computers and servers. Today, nearly every ERP vendor offers some form of cloud deployment option, and some have ditched their on-premise ERP offerings altogether.Ĭloud-based software, also known as Software-as-a-Service (SaaS), is hosted on the vendor’s servers and accessed through a web browser. When selecting a new enterprise resource planning (ERP) system, one of the most critical factors in your decision will be whether you choose on-premise ERP or cloud deployment.Ĭloud-based ERP systems are more common than ever before. Companies have responded by investing in new ERP software that meets those needs or by upgrading their current systems to incorporate new features and capabilities.
The rise of advanced technology, data analytics, AI, and the IoT, coupled with increased global competition, has driven a need for more transparency in business processes and more robust data collection. In fact, the global ERP market is expected to grow to $60.23 billion by 2026. The benefits of an effective ERP system are known (and appreciated) by companies all over the world.
