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Cloud enterprise resource planning (ERP) deployments are mainstream—that’s a fact no longer up for debate. While the cloud concept was an easier sell for users of customer relationship management (CRM), travel and expenses (T&E) management, and human capital management (HCM) software, it is finally gaining traction with manufacturing, product design, and accounting, despite concerns over data security and intellectual property ownership.
Cloud ERP Benefits—A Quick Recap
Cloud software solution providers have made great strides in terms of security. And the fact is that most data breaches have internal sources and are not the result of external threats. So, security risk is not the deterrent to cloud adoption that it once was.
On the other hand, companies give paramount importance to the speed of deployment. The go-to-market speed depends largely on deploying out-of-the-box or standardized processes.
In addition to faster time to value, other typical benefits of cloud ERP software deployments are lower initial costs and predictable expenses (recurring subscription fees). The cloud also eases the IT burden for companies: rather than worrying about managing the physical hardware and local area networks and performing mundane IT maintenance, a company’s IT staff can focus on core competencies and tasks that add value.
Cloud ERP deployments can be particularly convenient when a...