There are three different types of ERP implementations: cloud, on-premise, and hybrid
implementations.
Cloud ERP
Cloud enterprise resource planning (ERP) refers to ERP software and tools that are offered and managed in the cloud, as opposed to the business hosting their system on premises. While every organization operating today is different, they all face a common challenge—in order to effectively compete in today’s business environment, they need access to technology that helps them innovate, scale, and grow quickly.
This technology can help you operate your business efficiently – with applications like financial management, logistics, sales, supply chain management, inventory management and more. Cloud ERP provides a great business management solution.
On-premise ERP
On-premise enterprise resource planning (on-premise ERP) refers to a company’s decision to source ERP software in-house and maintain it at a physical office, rather than ordering it for delivery over the Web or using vendor-supplied, hosted ERP systems.
As the ability to offer cloud-hosted or Web-delivered systems has grown, many vendors have started to promote affordable Software as a Service (SaaS) ERP options. Still, some companies prefer on-premise ERP solutions for a number of reasons.
Hybrid ERP
A hybrid ERP system is a combination of on-premise and cloud systems. As a user, you will get the best of both worlds by using a hybrid ERP system. Not only is it cheaper in terms of price, but the hybrid ERP system is also able to provide the reliability of on-premise systems, it’s also known as a tier-two model because of the bimodal combination of the capabilities of on-premise ERP and cloud-based features. Hybrid ERP can integrate several software systems easily and quickly such as CRM, Sales, and Accounting.
What are the Benefits of implementing an ERP?
Reduce Risk
Predict and prevent risk with business visibility and control that ensure compliance with regulatory requirements.
Simplify IT
Give everyone an easier way to work and simplify IT with integrated ERP applications that run on a single database.
Enhance Agility
Rapidly identify and act on new opportunities. Claim your competitive edge with ready access to real-time, an agile organization and efficient operations.
Increased Productivity
Automate and optimize your core business processes, helping everyone in your organization accomplish more.
Operational Visibility
Get answers to critical business questions with operational visibility from a single system of record.
Real-time Reporting
Act on insights, improve performance and share results with real-time business and financial reporting.
Here are some of the different tasks you can enhance with
the use of enterprise software solutions:
1. Human Resources
- HR planning –
sometimes called a human resources information system (HRIS), it provides the
staff in the HR department with a dashboard where they are able to schedule
meetings, manage payroll and perform other tasks from one interface. Such
applications often include the following points as a package. - Hiring and
recruiting – streamlines such processes as screening, selecting and
interviewing applicants for a job. It goes through the submitted resumes,
provides analytics and sometimes even gives orientation to new employees. - Learning
management system (LMS) – while originally made for education markets, it’s
currently predominantly used on a corporate level. It covers all aspects of
training, educational courses, and development programs.
2. Financial
- Payroll –
ensures that employees receive their salary without any issues. This includes
bonuses and deductions while also keeping records for taxation and other
purposes. - Budgeting –
handles all aspects of the budgeting process including defining spend plans and
monitoring allocated funds. - Risk
management – such tools process large amounts of data and projections in order
to help make the most beneficial business decisions. They also provide a means
to avoid potential risks. - Receivables –
the most common type of receivable processes are invoices but this type of
software handles all types of claims for payment owed to an enterprise.
3. Logistics
- Supply-chain
management (SCM) – the main function of SCM systems is control over the entire
process of delivering goods and services. This includes all stages from the
supply of raw materials, to distribution, to point of sale or consumption. - Distribution
– these applications can include SCM and inventory control software
functionality along with other logistical aspects, such as order processing and
CRM systems.
4. Manufacturing operations management (MOM)
- Project
management – tools that allow project managers to control the execution of
the project through all stages of its life cycle. Beyond task distribution and
team organization, it includes these types of software such as the next two
points. - Time tracking
– such apps monitor the time an employee spends working on each separate
project and provide comprehensive reports on their productivity and areas where
it can be improved. - Document
management – tracks all the necessary documentation. It provides an alternative
to suboptimal paper documents simplifying storage and providing instant access
to any required file. - Knowledge
management – this type of enterprise software is designed for working with
information. It specializes in gathering and sharing knowledge among team
members. Ranging from easily navigable repositories of content to brainstorming
software, it is aimed at improving awareness and information sharing among
employees.
5. Marketing
- Text message
marketing (SMS marketing) – works in a similar way to email marketing software.
Instead of email addresses it uses the phone numbers of clients in order to
engage with them. - Search engine
optimization (SEO) – these services make sure your enterprise performs better
in search rankings. They help you find keywords you should use in your content
and how you should optimize your website to get as much traffic as you can. - Market
analysis – platforms that provide marketers with all manner of in-depth
analytics. They compare metrics in order to illustrate areas where you can
maximize your competitive advantage.
6. Sales
- Customer
relations management (CRM) – A solution that helps companies keep track of
their clients, both current and potential ones. It’s more than just a contact
list. It’s an entire database with detailed information about each person and
interactions with them.
- Ecommerce it is the practice of doing business via online stores and marketplaces. It offers various platforms and hosting where organizations can market their goods and services.
Still confused which ERP fits your Business?
Last but not least to succeed in today’s
increasingly competitive and complex business environment, you need to put
systems in place that allow you to easily streamline, automate, and scale. This
resource will put you on the right track toward choosing, implementing, and
managing an ERP system at your organization.
A well-implemented ERP can reduce
confusion and allow you to keep an eye on everything that’s going on across
your business.
If you are interested in the ERP
implementation process or a data migration project, you may consider Sedulous
Tech Solutions Experts today. Our Experts have dealt with hundreds of
successful ERP on premise and cloud ERP implementations. If you have any
questions about data migration, selecting an ERP or choosing an ERP vendor, we
can provide the answers to all of your questions, as well.