Enterprise cloud services are now industry standard. An estimated 95 percent of organizations worldwide are running ancillary applications in public or private clouds, or testing out Infrastructure-as-a-Service technology, according to research from RightScale. Many of the businesses embracing cloud computing are also upgrading core legacy systems, swapping out on-premises solutions for cloud-based alternatives that function well in cutting-edge digital ecosystems. Enterprise resource planning solutions come first in most of these information technology modernization agendas.
Cloud ERP platforms account for roughly 13 percent of all the systems implemented in the last four years, according to Panorama Consulting Solutions. This figure is likely to increase as the technology matures. Firms navigating the transition to the cloud that have not yet installed cloud ERP platforms should consider joining this group of early adopters. However, prospective implementers must carefully consider their options and thoroughly evaluate possible vendors. Here are a couple key variables companies should consider when courting cloud-based ERP software providers:
Project goals and objectives
Numerous technology firms offer cloud ERP solutions nowadays, with many marketing multifaceted solutions stuffed with seemingly essential features. However, businesses must tread with caution here and keep overarching organizational goals in mind while shopping for software, TechTarget reported. This way, project leaders deftly understand what components are necessary and which ones are overkill, and can pinpoint vendors offering platforms tailor-made to their businesses' needs.
Cloud and on-premises compatibility
Modern discussions surrounding cloud technology often frame the data storage and processing methodology as the antithesis to on-premises gear. In some respects this is true. However, the two formats can coexist in shared enterprise computing infrastructure, meaning organizations embracing cloud-based ERP solutions can keep some of their older hardware intact, according to Digitalist Magazine. With this strategy, businesses are able to adopt hybrid ERP solutions that make use of past capital investments and open up new operational opportunities. ERP project stakeholders should certainly consider this possibility when speaking with vendors.
Enterprises considering moving their ERP platforms to the cloud can find success and select capable software providers by taking into account these two essential factors.