Tag: ERP

  • What is the ERP Software?

    What is the ERP Software?

    Enterprise Resource Planning (ERP) software streamlines business processes by integrating finance, human resources, supply chain, inventory, and customer relations. Discover the definition, importance, features, benefits, and best practices for successful ERP implementation.

    A Friendly Guide: What is the ERP Software?

    Enterprise Resource Planning (ERP) software is an integrated management system that streamlines and centralizes business processes across various departments. It enhances communication, data sharing, and operational efficiency, ultimately improving productivity by connecting finance, human resources, supply chain, inventory, and customer relations on a unified platform.

    Definition

    Enterprise Resource Planning (ERP) software is a comprehensive integrated management system that centralizes and streamlines business processes within an organization. It allows various departments to communicate and share data effectively, employing a unified platform that covers a wide range of functionalities.

    By integrating various functions, ERP systems help eliminate silos within organizations, fostering a collaborative environment that encourages better decision-making and operational efficiency. It serves as a backbone for business management, connecting finance, human resources, supply chain, inventory, production, and customer relations, ultimately enhancing productivity across the board.

    Process

    The implementation process for ERP systems is meticulous and typically follows several key steps:

    1. Needs Assessment: This is the foundation phase where organizations identify their specific operational needs and challenges. Key performance indicators (KPIs) might established to measure success.
    2. Selecting an ERP System: After assessing needs, organizations research and evaluate different ERP software solutions. This involves comparing features, costs, and vendor reputations to find the right match.
    3. Planning: A strategic plan created, outlining project milestones, responsibilities, and resource allocations. It often includes a timeline to ensure the implementation stays on track.
    4. Customization: The selected ERP software tailored to meet the specific processes and workflows of the organization. This may involve configuring modules, workflows, and user interfaces.
    5. Data Migration: Existing data from legacy systems carefully transferred to the new ERP solution. This step is critical as it ensures that accurate and valuable data is retained.
    6. Testing: Comprehensive testing performed to validate that the system functions correctly and meets the organization’s requirements. User acceptance testing (UAT) is also conducted to gather feedback from end-users.
    7. Training: Employees receive training on how to navigate and utilize the ERP system effectively. Tailored training programs help to ensure a smooth transition and mitigate resistance.
    8. Go-Live: The ERP system is officially launched for full operational use. During this phase, organizations often monitor activity closely to address any issues that arise.
    9. Support and Maintenance: After going live, it’s essential to have ongoing support and maintenance in place. This includes troubleshooting, updates, and potential customizations as business processes evolve.

    Importance

    The importance of ERP software lies in its ability to unify business operations. Offering organizations a holistic view of their processes. This integrated approach results in enhanced data visibility, allowing for better forecasting and performance evaluation.

    Furthermore, ERP systems facilitate compliance with industry regulations and standards, as they provide consistent reporting and data management practices. Ultimately, ERP software is critical for organizations looking to improve operational efficiency, reduce redundancies, and stay competitive in an increasingly dynamic market.

    Features

    ERP software typically encompasses a wide array of features designed to address various business needs:

    • Integration: Seamlessly connects all departments and functions, allowing for greater data sharing and coordination.
    • Automation: Streamlines repetitive processes, minimizing manual effort and reducing errors. This can include automated invoicing, order tracking, and payroll processing.
    • Analytics and Reporting: Advanced data analysis tools help organizations generate reports, visualize trends, and derive insights for informed decision-making.
    • Customization: Allows businesses to modify features and workflows according to their unique requirements. Ensuring the system aligns with their operational strategies.
    • Scalability: Grows with the business, accommodating an increasing number of users and additional functionalities as needed.
    • Supply Chain Management: Optimizes the supply chain process from procurement to production and distribution. Enhancing the overall efficiency and effectiveness of operations.
    • Customer Relationship Management (CRM): Integrates customer-facing functions, ensuring businesses can track interactions and manage relationships effectively.

    Benefits of ERP Software

    The benefits of implementing ERP systems are numerous and can significantly impact an organization:

    • Improved Efficiency: Automating tasks leads to faster processes and higher productivity, freeing employees to focus on strategic initiatives.
    • Enhanced Data Accuracy: By centralizing data, ERP minimizes errors associated with data entry and discrepancies across departments, leading to more reliable information.
    • Better Compliance: Built-in compliance and reporting features help organizations adhere to industry regulations and standards more efficiently.
    • Cost Savings: By consolidating various functions into one system, organizations can save on software licensing and maintenance costs, as well as reduce operational inefficiencies.
    • Informed Decisions: Real-time access to data enables management to make timely and well-informed decisions that drive business growth and agility.
    • Increased Collaboration: By breaking down silos, ERP fosters improved communication and collaboration between departments, leading to a more cohesive work environment.

    Disadvantages

    While ERP software offers numerous advantages, several potential disadvantages should be considered:

    • High Initial Costs: The costs associated with purchasing, customizing, and implementing ERP systems can be significant, especially for small to medium-sized businesses.
    • Complexity: The complexity of ERP systems can lead to challenges in implementation and may require specialized skills to manage effectively.
    • Resistance to Change: Employees might resist transitioning from legacy systems to a new ERP due to comfort with existing processes or fear of the unknown.
    • Time-Consuming Implementation: The full implementation of an ERP system can be time-intensive. Leading to potential disruptions in regular operations during the transition period.
    • Dependence on Vendor: Organizations may find themselves reliant on ERP vendors for ongoing support, updates, and troubleshooting, which can pose risks if the vendor does not meet expectations.

    Examples of ERP Software

    Several ERP software options are prominent in the market, catering to various industries and business sizes:

    • SAP ERP: Renowned for its breadth of features and capability to handle complex business processes, widely used by large organizations globally.
    • Oracle NetSuite: A leading cloud-based ERP solution that provides integrated functionalities tailored for growing businesses, particularly in e-commerce and financial management.
    • Microsoft Dynamics 365: Combines ERP and CRM capabilities. Offering flexibility for organizations that wish to manage customer relations alongside operational processes.
    • Infor ERP: Offers specialized solutions for various industries, including manufacturing and healthcare, with an emphasis on industry-specific functionalities.
    • Sage ERP: Aimed primarily at small to medium-sized enterprises, it provides robust accounting and financial management capabilities.

    Solutions

    Organizations have various ERP solutions available, each designed to cater to specific needs based on industry, size, and operational requirements. Cloud-based ERP systems are becoming increasingly popular due to their flexibility, cost-effectiveness, and reduced IT overhead.

    Additionally, integrating ERP with other business systems, such as human resources or customer relationship management tools, can enhance functionality and provide a more comprehensive view of organizational performance.

    Best Practices

    To ensure a successful ERP implementation and maximize the benefits realized, organizations should adhere to some best practices:

    • Involve Stakeholders: Key stakeholders from various departments should be engaged throughout the ERP selection and implementation process to ensure that the system meets all user needs and expectations.
    • Set Clear Objectives: Clearly defined goals related to what the organization wants to achieve with the ERP system will help guide the implementation and provide benchmarks for success.
    • Prioritize Training: Investing in comprehensive training for employees on the ERP system is essential in ensuring user adoption and proficient utilization of the software.
    • Monitor and Evaluate: Continuous assessment of the ERP system’s performance post-implementation will identify areas for improvement and ensure the software remains aligned with the organization’s evolving needs.
    • Choose the Right Vendor: Selecting a reputable vendor that provides robust support and reliable updates is crucial for long-term success with an ERP system.

    By systematically addressing these elements, organizations can effectively leverage ERP software to improve operational efficiency. Enhance data-driven decision-making, and ensure long-term success in a rapidly changing business environment.

    FAQs About ERP Software

    What is ERP software?

    ERP (Enterprise Resource Planning) software is an integrated management system that centralizes business processes across various departments, enhancing data sharing, operational efficiency, and productivity.

    What are the main features of ERP software?

    Key features include integration, automation, analytics and reporting, customization, scalability, supply chain management, and customer relationship management (CRM).

    What are the benefits of using ERP?

    Benefits include improved efficiency, enhanced data accuracy, better compliance, cost savings, informed decision-making, and increased collaboration among departments.

    What are the common disadvantages of ERP systems?

    Disadvantages can include high initial costs, complexity, resistance to change from employees, time-consuming implementation, and dependence on the vendor for support.

    Can you provide examples of popular ERP systems?

    Examples include SAP ERP, Oracle NetSuite, Microsoft Dynamics 365, Infor ERP, and Sage ERP, each catering to different sizes and industries.

    What are the best practices for ERP implementation?

    Best practices include involving stakeholders, setting clear objectives, prioritizing training, monitoring and evaluating performance, and choosing the right vendor.

  • Concept of CRM and ERP difference with examples

    Concept of CRM and ERP difference with examples

    Difference between ERP and CRM with examples; In terms of management philosophy. The management philosophy of ERP is to improve the planning and control capabilities of the company’s internal resources. Service quality can say to be centered on efficiency. The concept of CRM is based on the establishment, development, and maintenance of customer relationships. Their philosophies are different in their focus. Compared with enterprise-level internal resource planning ERP, CRM pays more attention to the market and customers’ examples. Because today’s customers can not only get in touch with various products and services through the sales forms provided by traditional markets. But also easily find products and services they are interested in through call centers or the Internet.

    What is the difference between CRM and ERP management systems with examples? How to choose

    In other words, if ERP is a comprehensive enterprise-level management application. CRM is at the forefront of ERP, and its role extends beyond the scope of what ERP was unable to do before. In terms of function use and function, the CRM system functions concentrate on the main modules. Such as sales automation, customer management, documentary management, and order management. The role of the CRM system is to promote the salesman to increase the sales order rate. Thereby achieving the improvement of corporate interests.

    The function of the ERP system focuses on the next step of the business process after the sales order is generated. The purchase order generated by the order, the production order, the raw material processing production plan, etc. The ERP system is responsible for controlling and scheduling the resources of the entire enterprise, reducing resource waste, Reasonably allocating resource usage, and reducing enterprise production costs.

    What are the Differences between ERP and CRM?

    Every tech enterprise or industry calls for a machine to expedite the cutting-edge statistics and management of the overall system into its hood with personnel and customers. The view was to design a software program answer that helps customer service with the organization’s offerings. Let us see what do we got to discuss ahead.

    Enterprise Resource Planning (ERP):

    ERP stands for Enterprise Resource Planning, that’s software designed to ease a corporation’s everyday features from logistics to managerial. It helps in keeping stability with the key capabilities of commercial enterprise which encompass human assets, order control, accounting, and extra. This software acts as a centralized machine to streamline all of the processes and facts that go with the flow inside an entire agency.

    The following are some key capabilities of ERP :

    • This software use to combine all of the services which might have to run the business enterprise.
    • These packages are internet-based totally and can access via each interface.
    • ERP software program is responsible to display the growth of the organization.
    • These packages use to manipulate the assets in an organization.
    Customer Relationship Management (CRM):

    CRM stands for Customer Relationship Management, which is software that facilitates the enterprise to get in contact with the patron and destiny ability clients. This CRM software manages customer service and automates and synchronizes sales. The purpose of growing such software is to nourish and entertain prospective leads. Which facilitates the enterprise to increase its income and normal performance.

    The following are a few key capabilities of CRM :

    • This software program uses to integrate all the consumer offerings in one location.
    • This is used to manage and track the capabilities of the enterprise.
    • It helps in increasing the overall performance of sales.
    • Primarily targeted on customers.

    Focus on different objects

    CRM and ERP software focus on different business issues with examples. The CRM system is more focused on outward-looking issues, such as marketing, service, and other external resources related to the market and customers, emphasizing the rational use of high-quality services to develop and retain customers and optimizing the customer-facing process to reduce the cost of acquiring and retaining customers.

    ERP focuses on internal issues, focusing on enterprise resources, such as production, inventory, quality, cost, etc. Its method is mainly to optimize internal management processes and other internal resources.

    CRM software is an extension of ERP

    As an enterprise resource planning management system, ERP revolves around “product” production management, and has some customer information management in the order module and accounts receivable module. So it is an exaggeration to say that the CRM system can use as a subsystem in the ERP system. An extension of sales management in the ERP system, and a supplement and enhancement to ERP.

    But CRM has something that ERP can’t. The CRM system not only manages existing customer resources but also manages potential customer resources. It is the soil for cultivating customer relationship management and can manage the sales process, pre-sales, and after-sales business processes. So ERP and CRM systems are somewhat intersected. This is why we often mention the integration of ERP and customer relationship management systems.

    The design of the application system is different

    The business processes of most CRM systems are relatively flexible. While the main business processes of ERP relatively fix. The ERP system is a “transaction processing” system that emphasizes accurate recording of the trajectories of human, financial, and material resources in the enterprise, and seamlessly integrates management modules such as enterprise production, inventory, warehouse, and finance.

    ERP improves the “automation” capabilities of enterprises, thereby greatly reducing manpower requirements and errors, and improving efficiency. The system design of the CRM system aims at the development and maintenance of customer relationships. The system centers on a unified customer database, providing system users with a unified view of customers and tools such as customer analysis and forecasting while emphasizing integration with other enterprise applications.

    Different management concepts

    The management concept of ERP is to improve the planning and control ability of the internal resources of the enterprise. The concept of a CRM system is to establish, develop and maintain customer relationships as the main purpose, and pay more attention to the market and customers.

    The goal of the CRM system is to provide customers with a more comprehensive service, which is more focused on the management of marketing, sales process, business process, customer service, and support. The value of CRM lies in highlighting the importance of sales management, marketing management, customer service, and support.

    Can you operate ERP and CRM structures collectively?

    Businesses of all sizes can use ERP and CRM systems collectively to aggregate, manage, and arrange information. The 2 applications in the end assist your enterprise to accomplish kind dreams, so they’re both critical. Small and midsize corporations (SMBs) and larger businesses can take benefit of the advantages of CRM and ERP structures, especially when applied and used efficiently.

    Here’s an instance of how ERPs and CRMs work together:

    If there’s a disruption in the supply chain that’ll motive numerous orders to arrive per week late, the success thing of your ERP device can notify your CRM approximately this issue fast. As a result, you could inform your customers, proportion the brand new transport date, and offer a discount code for the inconvenience. So, does your enterprise need an ERP, CRM, or each? The answer usually is based on your company’s wishes.

    For instance

    Having both structures might not be beneficial in case your teams don’t need to paint together. While an ERP can streamline communication, increase collaboration, and near organizational gaps, it could now not be necessary to put into effect if one-of-a-kind departments don’t depend on each different to finalize offers or flow ahead with campaigns.

    Moreover, say one of your organization’s desires is to enhance the purchaser journey, generate greater certified leads, and increase conversions. In this example, a complicated CRM device is what you’ll want in place of an ERP. An ERP machine may also no longer contain the CRM features you’re searching out, and also you’ll in all likelihood invest in a sturdy CRM.

    As noted, each of these structures is fine for small, medium, and big groups. However, smaller corporations that aren’t ready to tackle increases can keep away from implementing an ERP in the interim. This is due to the fact most companies that are just beginning must awareness of constructing brand attention and producing sales, plus they often have a restricted variety of departments. As your organization grows and your techniques emerge as extra complex, an ERP can be worth looking into.

    What is the difference between CRM and ERP management systems with examples Image
    What is the difference between CRM and ERP management systems with examples? Image by Alexandra_Koch from Pixabay.
  • Best Cloud ERP System Solutions Essay for Small Business

    Best Cloud ERP System Solutions Essay for Small Business

    Best Cloud ERP System Solutions Essay, Definitions, Benefits, and Impact for Small Business; Enterprise Resource Planning (ERP) is a structure that use to manage and deliver solutions for the company. Enterprise Resource Planning (ERP) helps in the integration, implementation, management, planning, purchasing, marketing, sales, and inventory of an Information system. The data of the ERP management software is stored in the database using a database management system. The stored data should distribute among the departments of the company as a part of the process. It facilitates the information transfer among the departments which includes a lot of manual work as the data should manage and update manually.

    Here is the article to explain, Best Cloud ERP System Solutions Essay for Small Business!

    Cloud computing is a model for on-demand network access to a shared pool of resources like network, server, applications, and storage which has a minimal management effort or a service provider. On using cloud computing the users can share or view the shared data without any external resources. This achieves using the Software as a Service (SaaS) which provides the user to access the information given by the provider.

    SaaS (Software as a Service);

    The applications can be accessible by the users on personal systems in their small network. Also, The cloud helps the user to access their system within their comfort zone and which acts as the Software as a Service (SaaS).

    PaaS (Platform as a Service);

    The user can work on any platform or application using programming languages and different infrastructure; this is possible with the cloud and is known as Platform as a Service (PaaS).

    IaaS (Infrastructure as a Service);

    The cloud provides the user to store the data, work on the applications as well as manage the system with no installation of prior or excess software. Also, This calls Infrastructure as a Service (IaaS).

    Cloud computing plays a major role to reduce manual work in sharing the data. ERP which includes cloud is been introduced to overcome the problem. The data is shared among the departments of the company using Cloud (Internet) technology. The data of ERP is stored on the cloud which can share and accessed by the members of the company who have access to the system. Further, the cloud-based ERP definitions, Information System based definitions, key benefits of cloud ERP and taxonomies discuss.

    Definition of Cloud ERP or Cloud-Based ERP;

    They define as the on-premises or the hosted ERP on cloud computing technology. It is mostly required or useful for small and also medium enterprises (SMEs) for the improvement of the business.

    According to (Shivam, C., Ned, & David, 2018), Cloud ERP helps SMEs to benefit from the privileges of the ERP packages without installing IT (Information Technology) software/hardware. Moreover, it has less maintenance and removes the IT workforce. Based on the SME’s requirements the cloud service provider render. The cloud servicer provides a standard cloud ERP module on which a company can rely.

    There are vast benefits of the system which include cost minimalization in the infrastructure of the company, the operating cost as the cloud service providers manage the operations of cloud and services, scalability, improved accessibility, mobility, and usability. It also includes system availability and disaster recovery, security, integration, sales atomization, cost transparency, and free trials. Few other advantages of cloud ERP are enhancement of system speed and performance and an effective system upgrade.

    But, the views on cost minimalization of operating cost differs. Few authors specified that the Minimalization of operating cost is an advantage, whereas, the others argued that the cloud can use initially but as the organization is developing and the data is increasing the cost by small and medium enterprises is not affordable. Whereas, security plays a crucial in the cloud ERP. The main risk of the systems is the security of the database or the leakage of information.

    Other definitions;

    All the definitions stated above are similar in the case of cloud ERP systems including the risk of the database. The cloud ERP system is cloud-based rather than server infrastructure; which is used to help the companies to share the data or the information across the departments of the company. It integrates a few key functions financial management, inventory management, customer relationship management (CRM), human resource (HR) management to run a business.

    Definition of Cloud ERP – IS (Information Systems);

    Business Information System (BIS) is the system that contains the information of various sectors of the company like customer relationship management (CRM), Enterprise Resource Planning (ERP), Human Resource Management (HRM), Financial Management, integration, implementation, purchasing, marketing, sales, and inventory.

    Enterprise Resource Planning (ERP) is a module that helps in managing and giving solutions to run the company with different aspects like managing, planning, modifying, integrating, implementing, and marketing. The cloud-based ERP is nothing but the ability of the service providers and the end-users like Information Technology/Information Systems and clients to share the data among their business or the company.

    When the process of sharing and managing the information is successful the decision made to run a process will be accurate resulting in the profits of the company. While using the cloud-based ERP, the time taken for the upgrade of the system enhance and works effectively. The process speeds up when the company has an accurate and effective cloud ERP system which is an added advantage.

    Other Information;

    Meanwhile, when the decisions are made accurately within the time limit the productivity of the organization is enhanced and it leads to the growth of the company. The company gains profits as it has an effective system. Accordingly, as there is a growth in the business it leads to a competitive edge, which leads to competition with other companies.

    The organization’s productivity and competitiveness increase including the increase of knowledge on the new technologies and software with minimal human work. On the other hand, if the company has a bad system the time taken to upgrade the system is more and leads to an ineffective result. The ineffective result again leads to an inappropriate decision which drops the company’s productivity. As the productivity of the company is let down the company has no competitors and results in a loss. When poor integration occurs, it results in unsatisfactory results. As there is a loss in the company it impacts the Business Information System (BIS).

    A good Business Information System aims to integrate successful end-users like IT, People, and business which helps in making an accurate decision on time. The accurate and effective decision leads to good productivity of the organization. The organization benefits from the reduction of cost, profit maximization, and good decision support. The competitors of the against the organization increases which helps in enhancing knowledge on all the new technologies and software.

    Benefits of Cloud ERP system;

    Cloud ERP system has many benefits which include;

    • Cost Minimization
    • Scalability
    • Mobility
    • Usability
    • Efficiency
    • Cost Transparency
    • Accessibility
    • Disaster Recovery
    • Speed Enhancement of the system

    The predominant benefits of the cloud ERP systems are;

    • Scalability
    • Accessibility and Usability
    • Mobility
    • Security
    Scalability;

    The ability of the computing process in resource pooling and rapid resource elasticity of the cloud-based ERP system leads to a high elastic infrastructure capacity. The high-level strategic flexibility and enhanced competitiveness in the SME’s result in scalability. The enterprises can adjust according to the requirements, they can move their scale up or down flexibly.

    Accessibility and Usability;

    As the cloud ERP is on-demand and it works using the internet it has several options to access. Also, The applications over the cloud are in an open environment which leads to easy access. An increase in accessibility steps forward on an increase in usability which includes the usability of cloud ERP inside and outside of the enterprise.

    Mobility;

    According to (Peng & Gala, 2014), the enhanced ERP mobility took over the existing or the old system of working at the office. When the cloud came into place, the data or the whole information of the system is stored on the cloud and can view or access from any place through web browsers. For example, the manager used to work on the project in the office as there is no cloud ERP available. Later, when the cloud-based ERP discover and implement, the manager can work from anywhere just by using a secure web browser. This helped the end-users to enhance their knowledge by saving time.

    Security;

    The ERP consists of data of the system or the business, connecting the data to the cloud draws the main attention of security. The cloud ERP which holds the information of the complete system should be secure enough to rely upon. Since the data controller is by a third party (Cloud Service Provider), it is not to be relied on. Whereas, when there is an effective and enhanced system there is no problem with the security of the system as it is safe. But, if the system is ineffective then there is a loss of data or leakage of data.

    If the system has the disaster recovery option then it is easy for the data to obtain when lost. Security plays a major role in the Cloud ERP system. Data Privacy and Data Security seem to be similar but indeed they are different from each other. Data Privacy refers to the privacy of the company or the manager and the workers to access data. Whereas, data security relates to the protection of the data to avoid data loss or data leakage. More often, data leaks by humans, rather than technology defects.

    Cost Minimalization;

    A system always needed a high maintenance and implementation cost, especially in on-premises ERP systems. Generally, an on-premises ERP system requires investments in the user; as well as the client system as they should install the software and hardware for running the system. This leads to management, maintenance, implementation, and investments. Cloud ERP system has overcome all these problems as there is the requirement of installing the systems on user PC’s and the data can view, access, and stored on the cloud. This reduced the investments, maintenance which leads to cost minimalization or in short cost reduction. It also maximized the profits of the company with low maintenance and low cost.

    Similarly, the other benefits of cloud ERP are equally important for the development of the system. Cost transparency and enhancement of speed while upgrading the system leads to the enhancement of the perfection of the system. The system cannot run slow while upgrading as it leads to time loss; so, the system should upgrade fast enough to avoid any time gap. When the system upgrades the performance level increases as the system is more effective.

    Taxonomies Benefits of Cloud ERP system;

    The key benefits of cloud ERP systems in terms of ERP benefits Taxonomies according to Shang and Seddon are;

    • Operational
    • Managerial
    • Strategic
    • IT Infrastructural and
    • Organizational
    Operational;

    The predominant operational benefit is cost reduction or cost minimalization. Rather than traditional ERP, Cloud ERP has the subscription method of payments; which not only includes software cost but also the management and support cost. This is the key benefit of the Cloud ERP as the cost reduction; it also includes less workforce and helps to travel less. As the Cloud Service Provider (CSP) takes over the management of the system there is a drastic improvement in the profit maximization and functioning of the system.

    Managerial;

    Cloud ERP system helps in making an accurate decision that effectively works on the system. This leads to easy access to the system as the third party (Cloud Service Provider) provides a good ERP system. The managerial benefit of cloud ERP system gives a fast and accurate output which is time-saving with low cost. When the datastore is on a cloud every person inside the system can easily access and also can modify the data if they have access to the system.

    Strategic;

    The rapid development of the system is possible as the system is more effective and accurate; it allows the users to have a fast and reliable result which leads to the growth of the company. Using Cloud ERP system, the users can enhance their knowledge towards software and the structure; which drives through innovations and creativity. The competitive edge of the company increases and there will be the maximization of profits.

    IT Infrastructural;

    As mentioned above, a cloud ERP system helps to enhance knowledge on software as well as the modules of the system. The IT knowledge helps the end-user to develop the business with great IT infrastructure which will be easy to operate by the end-users.

    Organizational;

    The cloud ERP system helps to support the organization and with the changes in an organization because of its flexibility and scalability. Now a day, technology is enhancing and also new technologies are coming into the system, cloud ERP is flexible to adapt to the new technology. The end users can learn the strategies of business easily as the cloud ERP helps to share the information with no installing of software onto the end user’s system.

    These five taxonomies are in the perspective of a stakeholder and also senior manager which helps in the development of the company; which includes the enhancement of users’ knowledge towards software systems and the business strategies or the business rules. The end-users will have easy access to the system as the information is stored on the cloud with no prior installment of software.

    Best Cloud ERP System Solutions Essay for Small Business Image
    Best Cloud ERP System Solutions Essay for Small Business; Image by Mohamed Hassan from Pixabay.

    References; Cloud ERP Systems – Definitions and Impact. Retrieved from https://ukdiss.com/examples/cloud-erp-systems.php?vref=1