Cloud ERP enables users to access Enterprise Resource Planning (ERP) software through servers connected to the Internet. Cloud ERP is a service that allows companies to access critical software anytime, from anywhere.
Cloud ERP software is enterprise resource planning software that runs on a secure server, providing easy accessibility via the Internet. Its superpower is integrating all departments under a single umbrella and serving as a central repository for companies’ critical business data.
Cloud Enterprise Resource Planning software is a modern, affordable, and comprehensive solution for companies operating in today’s digital economy.
What is ERP, and how does it work?
Today, businesses want to work better and keep up with changing needs and technology. So, what is ERP software? has become a popular question. To answer it, we must start by explaining what ERP stands for: Enterprise Resource Planning.
As the name indicates, Enterprise Resource Planning encompasses how organisations (regardless of size) manage their resources. The term “resources” can include materials, equipment, employees, and capital, among other things.
An ERP system helps organisations manage their resources. It connects different departments, such as finance, accounting, sales, and customer service. All of this is done through one main application.
Company-wide information is shared and synchronised in the system. This makes it available to all employees. Everyone can stay on the same page at the same time.
What is cloud-based ERP?
Cloud-based ERP systems allow companies to access all the above-mentioned benefits via the internet. These systems can be categorised as: private cloud and Software as a Service (SaaS). In private cloud ERP, a business keeps its hardware and software on-site. The IT department manages the setup, security, and maintenance of the system. Initial costs can be high, and employees may only be able to access the system remotely through a third-party application and/or device.
A cloud-based ERP system is available as Software-as-a-Service (SaaS). Users can access it anytime and anywhere. They just need an internet connection and a device with a web browser. This “anytime, anywhere” access is a game-changer for businesses with remote workforces, field technicians, and multiple locations. The Cloud ERP vendor handles security, updates, and upgrades. This allows customers’ IT teams to focus on other growth projects.
Some businesses, such as Acumatica, can use their ERP software in a hybrid way. This means they can combine private cloud and SaaS options.
To test your knowledge about ERP systems, take our Enterprise Resource Planning Quiz
What are the advantages of Cloud ERP?
One of the biggest advantages of Cloud ERP software (specifically Acumatica) is its near-limitless customizability. Add-on solutions, role-based dashboards, open APIs, and industry-specific functions work together. They provide companies with great data visibility and strong decision-making tools. This creates a platform for long-term success.
Companies can implement a General Business Edition or choose an edition tailored to their specific industry: Construction, Distribution, Manufacturing, Professional Services, Retail, or Service Industries.
To better understand the benefits of industry-specific Enterprise Resource Planning systems, consider the construction industry. Construction businesses have many moving parts. The office and field teams work together to finish many projects on time and within budget. However, problems occur when they lack updated information.
Construction-specific ERP software integrates systems and applications—including financials, job cost accounting, project management, inventory, CRM, payroll, and more - for a complete, real-time view of the business that instantly connects all team members.