ERP - On Premise Vs Cloud Vs Hybrid

On-premise ERP systems have been helping organizations optimize processes for several decades, but with increasing costs of expensive updates, maintenance and customization. Now, cloud ERP has stepped into the picture, presenting new ways for organizations to meet today’s business challenges. Unlike traditional ERP systems, which are installed on servers and hardware located on company premises, cloud-based ERP is installed on third-party infrastructure and software and delivered via a cloud-computing model. IT support services are minimized since the cloud vendor handles updates and upgrades, and the cloud ERP model makes easy access and sharing of information, across a variety of mechanisms, much easier. Cloud ERP systems enable companies to reduce upfront development costs, speed up deployment times, scale systems and simplify customizations to fit their unique needs. With the cloud, businesses can run an ERP that is “version-less”—meaning that businesses get the latest...