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Making Sense of the Great ERP System Cloud Migration
- Enterprise resource planning (ERP) systems are becoming even more intelligent, interconnected and indispensable to modern businesses that decide to migrate their back-office operations to the cloud.
- Businesses are increasingly moving away from on-premises solutions in favor of cloud-based platforms.
- For the first two decades of the 21st century, ERP was among the categories of enterprise software stuck in the past.
- Cloud models shifts ERP from a capital expense (CapEx) to an operational expense (OpEx), offering greater flexibility, especially for small and medium-sized businesses (SMBs) that may lack the financial resources to invest heavily in on-premises infrastructure.
- Traditional onsite ERP systems require substantial capital expenditure, as businesses need to purchase expensive hardware, license software and employ IT staff to maintain and upgrade the system.
- The modern business environment demands real-time access to data for informed decision-making.
- As with any major IT transformation, migrating to cloud ERP requires significant change management efforts.
- Employees must be trained on the new system, and the organization’s workflows may need to be adjusted to accommodate the new platform.
- One of the most exciting developments in cloud ERP is the integration of artificial intelligence (AI) and machine learning.
- ERP modernizations empower businesses to stay agile and competitive.
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