Cloud ERP Software is software stored on the internet also known as the cloud. Users access the software via the internet. All of the processing power, memory, and data is server side (stored on the internet) at dedicated data centers. Cloud-based computing is also called Software as a Service, or SaaS and offers access to business-critical applications at any time from any location. The main difference between Cloud ERP and on-premises ERP is where the software is psychically located.
Small to medium sized businesses (SME’s) can benefit from Cloud ERP software as it enables them to quickly scale their business productivity at a lower cost. Cloud applications are flexible enough to adapt to any businesses changing goals. By finding the right cloud provider, businesses can access applications at a reasonable fixed monthly price without a substantial upfront expenditure for hardware and software.