ERP (Enterprise Resource Planning) software is widely recognized across businesses as a powerful tool for managing operations. It serves as a business management application that helps managers automate various technology and human resource functions.
From my perspective, cloud ERP solutions stand out as one of the most effective options available. Cloud ERP software integrates some or all of the essential functions required to run a business seamlessly. Choosing the right type of ERP is a critical decision, as it directly impacts how a company allocates its investment resources.
In this article, I will highlight the best cloud ERP solutions and share how they integrate resources, support usability, and provide analytics, so you can find the system that fits your company’s needs. You can also try a free demo to experience how these solutions work firsthand.
Key Takeaways
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What is Cloud ERP?
Cloud ERP is an enterprise resource planning (ERP) solution hosted on a vendor’s cloud platform, allowing organizations to access it via the internet rather than through on-premises networks.
This software streamlines and automates vital financial and operational processes, consolidating data sources like inventory, orders, and supply chain management. It facilitates tasks such as procurement, production, distribution, and fulfillment.
Given the broad functionalities involved, an ERP system must ensure widespread availability across business units, regardless of employees’ locations, and provide a coherent, real-time data overview.
Cloud-based ERP services fulfill these criteria effectively. As users access the software via the internet, all that’s necessary is an internet connection and a web browser.
Best Cloud ERP Solutions
There are numerous cloud-based companies, but here are five cloud-based ERP software companies you should be aware of before investing in cloud ERP for your business. Use the following list to compare cloud-based ERP vendors:
1. HashMicro
HashMicro is one of the best cloud ERP solution providers, offering systems with cutting-edge features. This organization ensures that ERP professionals are properly trained. This software is free to use by as many users as possible within the same company.
As a result, I see HashMicro as a customizable solution that fits a company’s type, structure, needs, and goals. HashMicro has years of experience operating in various countries. Furthermore, adopting advanced digital solutions is more affordable for companies with up to 70% funding from the CTC Grant.
To put it another way, HashMicro has provided business software solutions to thousands of customers in industries such as trading and distribution, construction, engineering, manufacturing, food and beverage, education, and professional services.
As I explored their offerings, I discovered that they provide integrated accounting systems, inventory management, HRIS enterprise systems, CRM, and many more. If you’d like to learn further, you can download the ERP software pricing scheme calculation here:
2. Oracle
From my experience, Oracle ERP Cloud provides a solid business foundation with well-known solutions. I also appreciate that its pricing is flexible, allowing you to run the app whenever you want. Payments can be adjusted based on the features you use, with no contracts or conditions.
Furthermore, Oracle provides an agreed period of 1 to 7 years, with the cost depending on the module you select.
I have found Oracle ERP especially useful for managing a global business environment, as it helps coordinate different locations and teams seamlessly. Moreover, if any issues arise, Oracle provides customer support staff who are available 24 hours a day, 7 days a week to assist you.
3. Scoro
In my experience, Scoro’s detailed performance management helps me handle multiple tasks and team activities efficiently. I also value that it includes a CRM for broader sales, s, as well as insightful reporting and analytics tools.
I have found Scoro particularly useful in supporting business growth from sales to billing, as it provides all the tools I need within a single comprehensive solution.
What stands out to me is Scoro’s ability to organize and update portfolios, align projects with budgets, and prioritize billable work over non-billable tasks. The dashboard design allows you to see all of your ongoing and completed projects at a glance.
4. Odoo
I have found that Odoo is a cloud-based, open-source platform with a variety of modules worth exploring. It caters to accounting and financial management, CRM and sales, purchasing, invoices, costs and payments, HR and recruitment, eCommerce, timesheets, project management, and more.
From my perspective, this platform supports businesses with applications that can be customized to your specific needs. Payments are flexible, the price list offered is also available on the official website of the Odoo platform. This scheme benefits you, allowing you to plan other expenses to take care of your business.
If you are exploring options beyond Odoo Cloud ERP that are not included in this list, I recommend checking out our detailed article on the best Odoo alternatives or reading our in-depth Odoo review before making a decision.
5. Sage Inttact
I’ve observed that Sage Intacct, which is AICPA certified, provides comprehensive solutions for financial management in businesses. I find its cloud-based platform ensures accurate accounting and also includes extensions for inventory management, bank reconciliation, sales tax, and multiple currency support.
I find that major business security standards safeguard all financial information, while the analytics engine generates insightful reports that support company growth. I’ve noticed that Sage Intacct can also help minimize the risk of projected revenue by relying on realistic cost accounting and margins.
In my view, pricing is based on bids that include uptime guarantees and reliable future upgrades. As a web-based platform, Sage Intacct is accessible on various systems, including desktop, iOS, and Android.
Also read: Get to Know Fulfillment Process and Functions!
Conclusion
Numerous business activities require Cloud ERP-based software. You can use cloud ERP software at any time as long as you have access to the internet. The benefits of cloud-based ERP have piqued the interest of many businesses looking to automate and streamline their operations.
ERP software from HashMicro is one of the best cloud ERP solution providers, with over 350 enterprises relying on it. Introducing an international standard Cloud ERP System to help you take your business to the next level.
If you look closely, you will notice that these tips for selecting the right ERP solution will have an impact on the success of your business. Make that decision a success by partnering with a dependable ERP solution provider.
Frequently Asked Questions About Cloud ERP Solutions
What is a cloud ERP solution?
A cloud ERP solution is enterprise resource planning software hosted on a vendor’s cloud platform, providing real-time access to business processes and data via the internet.What is the difference between cloud ERP and traditional ERP?
Cloud ERP is delivered through the internet and hosted on the vendor’s servers, offering scalability, lower upfront costs, and easier updates. Traditional ERP, on the other hand, is installed on local servers, requiring significant infrastructure, higher initial investment, and manual system upgrades and maintenance.What is the difference between cloud ERP and on premise ERP?
Cloud ERP runs on the vendor’s cloud environment with flexible access and lower upfront costs, whereas on-premise ERP is deployed within a company’s own servers, offering more control but requiring higher investment in hardware and IT management.
