Cloud ERP refers to software that allows its users to access ERP (Enterprise Resource Planning) software over the internet. ERP software on cloud has been proven to run on lower upfront costs. This is because the computer resources are not purchased but leased and maintained each month. It also provides companies with easy access to applications that make their business run very smoothly on different platforms.
The importance of the cloud to small and medium-sized businesses cannot be overemphasized. It gives full access to applications at a fairly reasonable price without paying a large amount of cash upfront for hardware and software expenditure. With the right cloud provider, there is no limit to your business productivity levels.
Cloud ERP software is getting increasingly popular on a daily basis.
Want to know the best part?
You can use ERP software on cloud for your business, and it will run perfect and smoothly.
11 Cloud ERP Vendors That Satisfy a Variety of ERP Needs
Out of the countless software in the market, four ERP vendors perform greatly in terms of overall market share –Infor, SAP, Microsoft, and Oracle. The second place goes to companies such as Acumatica, Epicor, NetSuite, and FinancialForce- which belong to the list of cloud-based ERP pioneers.
ERP in the cloud has been gaining popularity and ground as corporations are looking for more ways to decrease the paid-in-advance costs of traditional ERP systems, make it simpler to customize the software for individual needs, and increase speed in terms of deployment.
Cloud-based ERP systems are installed on third-party software and servers and delivered to users through a cloud computing network but traditional ERP systems are located on a company’s premises and server.
Cloud and Two-tier ERP Model
We use the term “two-tier ERP model” when a company runs more than one ERP system, in most cases, one at the main headquarters and an additional cloud ERP service. This type of model is very popular among a lot of cloud ERP customers.
It will interest you to know that new businesses that are fast-growing general began in the cloud and because of the numerous benefits they enjoy aren’t willing to leave anytime soon. Instead of using two ERPs, they implement a single cloud ERP and a single code base.
List of 11 Cloud ERP Vendors The Offer ERP Software On Cloud
Let’s take a quick peep into what 11 ERP software on cloud vendors are offering business owners:
Through cloud technology, NetSuite merges order management, CEM, inventory, and e-commerce into one big multi-functioning suite. Over 30,000 companies use it around the world. This solidifies its claim as the top cloud ERP product. From the period of conception, it has been built for the cloud and showcases real-time analytics.
Epicor ERP allows for single-tenant and multi-tenant cloud or on-premise deployment, but the same code can be utilized regardless of how a corporation decides to use it. New features such as better compliance capabilities and expanded country-specific functionality have been added.
The financial force is software that relies heavily on the salesforce app cloud. It runs on a suit that features HCM (Human capital management), management of finance, and professional services automation. Its latest advancement includes automated elimination entries, 360-degree customer views, account tailoring, built-in intercompany reconciliation, and collaboration features.
- Acumatica Cloud ERP
Acumatica cloud ERP is made with small and medium businesses in mind. The software can conveniently run on Linux, iPad, iPhone, Mac, Windows, and Android. Parts of its suite include modules for customer management, financial management, distribution, manufacturing, and project accounting.
It also integrates DM (document management) with its cloud ERP software. This makes immediate communication possible when a product is flagged for recall. Customers, retailers, and manufacturers can then perform the activities efficiently.
This software solution is aimed at the manufacturing part of a business. It addresses the management of manufacturing operations via a suite that comprises supply chain, accounting, sales, scheduling, customer management, production, inventory, programs, financials, HCM, and quality control through its manufacturing cloud platform.
This is yet another cloud ERP solution built for the distribution and manufacturing sectors. It allows for five or more users for small operations and hundreds of users for large companies to enjoy its benefits at a go. The rootstock product suite comprises modules such as shop floor control, production engineering, scheduling, serial and lot control, inventory, shop floor control, scheduling, and capacity planning.
In the world of ERP software on cloud, Kenandy is a force to reckon with. This is because it makes applications easily accessible by users through any device. It’s built to ease speed implementation. Some of its core processes include global financials, quote-to-cash, procure-to-pay, trade promotion management, and planning and production.
Throughout its years, this company has spread its reach through the acquisition of competitors like Compiere and Consona. It provides features of business intelligence, ERP, manufacturing execution, CRM and supply chain management, etc. Users of this solution-based software also enjoy ERP functionality such as Axis ERP, Compiere ERP, DTR, Made2Manage ERP, Axis ERP, Ross ERP, Encompix ERP, and CimNet ERP. Each of these ERPs caters to different company needs.
This business clod is primarily for organizations that offer services in the public and private sector. It seeks to solve the problem of hard growth, allows for easy acquisition of companies, divests divisions and product lines quickly. It helps reduce cost and increase efficiency while delivering all of this service.
Ramco runs on a variety of modules. This module includes but not limited to maintenance, production, accounting and finance, management of dealer, procurement and inventory, project, HCM, and quality management. All of these functions can easily be accessed through your mobile phone, tablet, or laptop.
Workday is a software solution that covers professional services, financial management, payroll, expenses, time tracking, HCM, and recruiting. This ERP software on cloud seeks to deliver all that a distribution or manufacturing business needs on day-to-day activity. It offers all of these on a unified cloud platform.