The Internet has been around for just a few years, but it has greatly shaped and changed the way businesses are run in every industry, in every country.
Cloud-based systems are now offering the benefits of software packages that used to be sold as products off the shelf and those that came with heavy – and costly – technological infrastructure.
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In the past, a company can procure a software package and shell out capital as one would in an investment. Enterprise Resource Planning systems would be a good example, because of the tremendous boost it provides to companies that have multiple and equally complicated business units, each with a tremendous amount of data.
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However, procuring such a software may entail additional challenges outside of the cost. For instance, all the information is physically stored in a server that must be within the premises of the company. For users of the data to have access to the information, they have to be inside the building or the compound. The company also has to periodically upgrade the software as well as the hardware so that it could accommodate the requirements if the software.
The Cloud ERP system however provides all the benefits and does away with the prohibitive cost, upgrading requirements, and accessibility limitations.
Being based on the Internet, the Cloud Enterprise Resource Planning software may be paid for, not as a big cash outlay but as a service that is needed according to specifications for a given period of time.
The Netsuite Cloud ERP software for instance is backed by the name of the global leader in cloud business solutions. Many of the most trusted companies in all industries in the world entrust their ERP systems to a cloud-based service provider like Netsuite. It is less baggage, less cost – and because of the flexibility it affords, translates to better results in the medium- to long-term.
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