Cloud ERP systems (Enterprise Resource Planning Systems) are now the forefront of the modern-day business solution choice. The vast majority of today’s ERP providers now offer a cloud-based deployment solution. Infor has been pushing its cloud platform for a few years now and has seen major success in several successful projects.
It has been widely regarded by multiple experts in the industry that the cloud solution will be the future of business technology. Statistics from Forbes and Panorama support this below.
· Cloud computing spending has been growing at 4.5 times the rate of IT spending since 2009 [Source: Forbes]
· 85% of ERP adoption in 2018 was either SaaS or cloud-based versus just 15% for on premise. This is in total contrast to the year before, which saw on premise solutions contributing to 67% of all ERP adoption [Source: Panorama]
· 60 – 70% of all software, services and technology spending will be cloud-based by 2020 [Source: Forbes]
There are some drawbacks when it comes to Cloud ERP systems – security being the number one concern. Prospective customers of Cloud fear their vital information/data stored may not be safe, and potentially accessible to people outside of their organisation. Should there be a lapse in security, critical information such as company financials, corporate negotiations, trade agreements, client information and more is at risk of being lost or violated.
Recent studies have however suggested that security should not be a cause for concern going forward. All the major tiered cloud vendors have strict measurements in place ensuring the safety of customers data and information.
A major advantage of choosing a cloud-based system is the mobile accessibility that comes with it. Companies worldwide have found the benefit of this mobile accessibility throughout the pandemic – working from home was made easier as files could be accessed remotely and on mobile devices.
During my time as a recruiter, I’ve heard people state that organisations should take into consideration the size of their outfit before selecting Cloud over On-Premise. I’ve personally worked with and supported major cloud ERP transformation projects globally with large businesses, which undermines the theory that large companies should choose On-Premise solutions.
I believe with Infor’s cloud-based solution, the right scalability and correct personnel in place to deliver a successful project, organisations of all size and stature can operate on the cloud. Operating on the cloud can reduce upfront costs massively. This money saved can be filtered through various other avenues in a business.
With a Cloud solution in place, routine updates are performed and managed by the vendor so there is no need for an in house Infor developer or Infor systems administrator at ground level.
Choosing Infor Cloud may affect your ability to customise your ERP system. Yes, Cloud offers stability in the guise of continuous updates but customisation is at detriment. On Premise systems are easier to modify and gives organisations the ability to make changes which fit the specific needs and requirements of that company. For example, niche market food and beverage companies may need specific processes changing which only On-Premise can provide.
Regardless of whether it is an on cloud or on-premise ERP system, resource planning is one of the integral parts of business operations.
Understanding which option fits each kind of company best is important in making the right call – making sure the correct team is in place to perform the installation is paramount to success.