Most companies are familiar with ERP (Enterprise Resource Planning) software. They rely on it to help aggregate and organize data that is spread across each of its independent departments. Traditional ERP solutions are often housed within a company’s own server infrastructure and require updating and servicing to stay current. Cloud ERP, as the name suggests, is based in the cloud much like SaaS (Software as a Service.) Unlike traditional ERP software, Cloud ERP relies on the cloud rather than proprietary server infrastructure to help companies share information across departments. Cloud ERP software integrates some or all of the essential functions to running a business, e.g. accounting, inventory and order management, human resources, customer relationship management (CRM), etc. - into one complete system.
Essential to Cloud ERP systems (and on-premises) is a shared database that supports multiple functions used by different business units. That allows employees in different divisions to access and rely on the same information for their specific needs. And with Cloud ERP this is accomplished without requiring an extensive (and often expensive) on-premises server presence.