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Enterprise resource planning (ERP) or enterprise application is the Business Process Management
Software that allows the modern enterprises of all sizes to use a system of applications for integrating all
facets of the organizationsincluding Product Development, Advance Planning and Scheduling (APS),
Manufacturing Execution Systems (MES), Warehouse Management Systems (WMS), Transportation
Management Systems (TMS), Supply Chain Management (SCM), Sales, Marketing, Customer
Relationship Management (CRM), Business Intelligence (BI), Corporate Performance Management
(CPM), Human Resource Management (HRM), Information Technology (IT), Accounting, Financial
Planning and Analysis (FP&A) using a single database, application and user interface. These business
management software solutions are tailored to self-regulate all your businesses by structuring them in a
standardized format usable by all the departments.
One of the most critical decisions CTOs are forced to make is whether to stick to their cloud commitment,
permit or remit on-premise or otherwise make a fusion of both. Some of the technology leaders disregard
the locallyinstalled on-premise solutions that are managed by the in-house IT department while others
rely on cloud ERP that is provided as a service and managed by the ERP providers. Many companies
combine the goodness of both technologies and make them highly operable in the hybrid environment.
Let’s Study the Actuarial Difference between Cloud & On-premise ERP:
Cloud ERP systems allow you to add more users with the progress of the business, while the on-site ERP
solution fails to offer you with the same freedom.
Saving on the Hard Dollars & TCO
Lowering of the implementation cost of the cloud ERP automatically lowers the initial cost of ownership by
50%, while the TCO calculator estimates for the on-premise solutions are higher by 50%.
Cloud ERP is available on recurring subscription plan that frees your liquid capital. But you must not
forget that the large investment in perpetual licensing and maintenance fees are the characteristic of on
premise solutions.
Cloud ERP liberates the IT department from the routine maintenance, support, and application upgrade
tasks. The end-users are destined to receive complementary services sponsored by the cloud vendors
from remote while the latter solution could not guarantee the same.
Cloud ERP in specific, saves you from additional hardware and software hangovers while on-site option
makes it mandatory for you to bear the upfront investments to purchase and manage theIT landscape,
related software, hardware, servers, and large IT department..
In contrast to the onsite ERP software, cloud ERP are continually customized and upgraded by your
provider whereas many companies fear to update software on their onsite environment because they are
compounded with complications.
Cloud-based, SaaS, ERP solution provides real-time data accessibility for the laptop, smartphone, tablet,
and other device userswithout extra setup costs.Accessing the system from remote will remain a dream
for those companies with on premise ERP that restrictsthem to expandgeographically.
Deployment Speed
Cloud ERP assures speedy deployment as it is independent of any additional software or hardware
elements. Its implementation usually takes 3-6 months while the latter typically consumes more than 12
months or beyond.
Cloud ERP radically invites BPR for enhancing productivity, quality and standardization. The on premise
deployment solution may not be able to help the clients in standardizing and leveraging their business
processes in accord with the technology.
Decision Support System (DSS)
ERP cloud facilitates proactive monitoring through role-based dashboards. It facilitates better decision-
making through contextual intelligence, expense management and analytics. This helps the approving
body to review the report and approve it instantaneously. The latter solution is less proactive and inferior
to work like the former one.
Unlike the on premise model, cloud’s short implementation methodology is underpinned by a pool of
certified workforce and other business accelerators to facilitate fast installation.
Microsoft Dynamics AX
Charting on the Microsoft Dynamics AX will pave a silky road against all the concrete obstacles.
The ruling ERP is embedded with characteristic capabilities to assist the global enterprises and
end-users with outstanding business solutions. Dynamics AX is suitably exploited by mixed
industrial domains including Budget Planning, e-procurement, Demand forecasting and more.
Dynamics AX Services Capsule:
Please click the link below to visit the principle pages on Microsoft Dynamics AX
http://www.raybiztech.com/solutions/enterprise-resource-planning/microsoft-dynamics-ax-
solutions
Profitty
Profitty is an ERP 2.0 solutionseeded to capture the real-time information for business governance. The
succeeding ERP is meant for saving the companies from running into operational losses and delays. This
is the first-rate financial solution that can singly manage your scales of revenue and calculate risks
Inventory and Receivable departments to keep a tight check on the controlled costs of inventories.
Hospitality
Healthcare
Government
Biotechnology
Pharmaceutical
Semiconductor
Consumer Durables
Information Technology
Research & Development
Fast Moving Consumer Goods
Energy, Crude Oil & Natural Gas
Banking & Financial Service Institutions
Manufacturing, Distribution & Raw Materials
Source: www.raybiztech.com/solutions/enterprise-resource-planning