Hybrid ERP – How Cloud Got The Best Of It
Enterprise Resource Management (ERP) is an essential tool for growing your business which helps successfully manage and run operations by automating procedures through applications.
ERP applications are implemented in organisations for planning, distribution, finance, and other management methodology. Integrating ERP with cloud technology has reduced efforts while delivering required results. Hybrid means the implementation of software in on-premise infrastructure and the cloud. The Hybrid cloud is the combination of both the public and private cloud. Hybrid ERP is the recent growing trend which has emerged as a powerful tool for organisations.
Most of the businesses maintain their records on sheets or excel. But with the growth and higher number of clients, operations becomes complex and paper work becomes cumbersome. To run these operations smoothly and precisely, the ERP implementation is a good choice.
Now, you can develop your ERP application by using cloud services. Amazon, Microsoft, Google like companies offer the tools, resources like infrastructure, memory and API’s for developing your software. They also hold trainings like aws training and certifications for the better development process.
By implementing cloud in ERP modules, you can achieve your goals in the way you want. The data and applications are shared between the client and vendors in a cloud. Here are various fields of the ERP where the cloud is a major player.
BI tools that are offered by the cloud are beneficial to organisations for analyzing and visualizing information. It is very helpful for managing, supporting, and reporting business data. Tools, for example, ClicData, Looker, Domo etc., allow enterprises to interpret and work on large data sets and get desired results.
Cloud-based procurement software is beneficial for monitoring the overall expenditures of the company in various departments. It helps in process management, tracking, maintaining and analysing the expenses of the company by a finance management team which improves cost management, reduces labour and enhances transparency in business culture. So many cloud-based applications have been developed to achieve the successful procurement technology like Deltek Costpoint, ebuyerAssist, Panacea, MarketDojo, etc.
Supply and Distribution
Cloud-based collaboration in the supply chain of the organisation is now very popular regarding sovereignty and security. Small to large companies are entering their feet in the cloud. It plays a vital role to deliver the products and maintaining all their records precisely. Companies are using these tools with the help of IaaS or PaaS or SaaS. The one with their servers only use SaaS and others are using storage plus software for managing their chain. E.g. In large industries, the data inside the enterprise like planning to the bill is handled by their own data centre and the data log of outside premises like tracking and monitoring, insurance is managed by third parties. Tools for managing S&D operations on cloud Gatekeeper, Mob3, Oracle SCM cloud, Halo etc. are easily available with their service catalogues over the internet.
For optimising and increasing the production capacity, planning, resource allocation, companies like Oracle, SAP facilitates on-demand software design services on the cloud. This ensures the accessibility to required resources anytime and anywhere. Some cloud-based SaaS applications, such as SYSPRO, Sage, Epicor offer services like advanced material management, warehousing, MRP and inventory, point of sale, etc.
Customer Relationship Management
By implementing in cloud for managing an organisation’s interactions with clients by analysing and evaluating customers data to maintain a high customer retention rate. The idea is to achieve improve sale and marketing. Many SaaS tools are available in the market, for example, Salesforce CRM, Oracle CRM, ProsperWorks etc., which is used by the small and medium-sized enterprises (SMEs) and large enterprises to reduce the churn rate. Employees can use these tools on the internet with the help of supported browsers on their hardware devices. The data is stored in the private cloud of managements database.
Preventing Data Exposure
Hybrid ERP provides organised and on premise services to organisations. These services are provided by third party vendors. A vendor only offers cloud services like applications and management tools to organisations, and the data generated from applications are stored in the client’s data centre.
Hybrid ERP has the ability to target the information collection for selected employees. Rather than deploying the whole department’s data, only selected information is deployed to vendor’s cloud. For example, if 20-30 employees use the Sales performance management application of the company from remote locations, then it’s not necessary to deploy the whole employees’ portals data to a vendor’s cloud which furthers contribute to data security.
As we conclude, the hybrid ERP is helpful in increasing sales, production, marketing through real-time implementation. Organisations can manage demand goals, track their employees, and work for the human resource. Resources like infrastructure, software, storage, platforms, network are accessible to, and you pay for what you use.
Its robust and scalable features provide services to control, review and analyze the performance of small, medium or big enterprises. Management can predict their future market and make insightful decisions in real time.