ERP in the cloud has been gaining momentum as companies look for ways to reduce the upfront costs of ERP systems, speed up deployment times and make it easier to customize software for their individual needs. Unlike traditional ERP systems, which are installed on servers and hardware located on a company’s premises, cloud-based ERP is installed on third-party servers and software and delivered via a cloud computing model.
Often used for two-tier ERP deployments, cloud ERP software has become increasingly popular today. The top four ERP vendors in terms of overall market share – SAP, Oracle, Infor and Microsoft – are also doing with the cloud ERP software. But companies such as NetSuite, Epicor, FinancialForce, Acumanica – which are among the pioneers of cloud-based ERP – are also highly active in the market today.
A two-tier ERP model in which companies run more than one ERP system, often a primary one at headquarters and additional cloud ERP services at subsidiaries, is popular with many customers of cloud ERP vendors.
Similarly, fast-growing new businesses typically began in the cloud and don’t plan to leave any time soon. Rather than a two-tier ERP strategy, they use a single code base and a single instance of cloud ERP software.
Let’s look at the hot list of Cloud ERP Vendors for SMB segments