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This past July, the United States National Institute of Standards and Technology (NIST) released a publication defining cloud computing and relating it to enterprise resource planning (ERP). The NIST’s publication is intended as a “roadmap” to describe essential characteristics ...
According to the NIST, “cloud computing” enables “on-demand” network access that is both universally accessible and convenient within a company. This shared group of computing tools is configurable and easy to manage.
One question that many small businesses face is whether to adopt a hosted ERP solution or a cloud ERP solution. The two choices are quite similar, so it’s easy to get confused. This article will describe the advantages and disadvantages of each.
Hosted ERP requires you to purchase the software from either the publisher or Value Added Reseller and have it installed at a data center. That company then hosts the solution and performs important tasks like upgrades, maintenance and support.
Cloud ERP solutions are growing beyond their roots in the manufacturing industry as companies of various size, from multiple industries, realize the potential inherent in a centralized system for operational management tasks and processes.
While both on-premise and cloud or hosted ERP systems each come with distinct advantages and drawbacks, Cloud ERP systems seem to be increasing in adoption each year, largely thanks to these six key benefits over on-site solutions.