How Erp Can Be Value Added And Potential Risks Involved During The Implementation Of A Cloud Based Erp Solution

Cloud computing has changed the Information Technology by introducing a new concept and platform of enterprise system. The traditional enterprise system is characterized as clunky, expensive, and complex for most organization to implement and use. Nevertheless, cloud computing enterprise system offers with a competitive advantage. The advantage offered lies in the cloud ES offering flexibility, scalability, and independence in IT infrastructure and capabilities. Cloud computing holds great potential for the business world and has many advantages and challenges. Cloud enterprise system offers with an attractive option to businesses in solving problems associated with high investment in Information Technology infrastructure and Information Technology resources (Fortiş, Munteanu and Negru). Today cloud computing is considered as the fifth utility after water, electricity, gas, and telephone. The aim is making cloud services readily available on demand like all other utility

Today Enterprise Resource Planning (ERP) is extensively adopted by many organizations regardless of kind and size, mainly because it provides enterprise-wide view of information across all their business operations and help organizations achieve consistency across all their functional departments. The potential benefits of ERP system implementation include improved coordination across functional areas, increased efficiency, reduced operational costs, rapid access to information for decision making, managerial control and support for strategic planning.

After assessing each ERP option, it is recommended that VINSUN introduces ERP on cloud solution from Codeautomations as their information management system. This solution has great potential benefits that can be brought to VINSUN. In order for the solution to function to their best performance, there are areas that need to be considered deliberately.

To be successful in today's competitive and continuous evolving information technology (IT) market companies must be able to utilise their skills, information and knowledge to the highest efficiency level possible. Utilisation of and control over these factors will aid companies in acquiring and maintaining competitive advantages over others operating in the same competitive IT market. The implementation of an Enterprise Resource Planning (ERP) system would be perfect to suit a

Enterprise resource planning enables firms to replace different departmental information systems and database silos with systems that collectively work as a single cross functional database. ERP systems are available for every key business function such as order processing, production control, HR, warehouse, marketing, finance and much more. By having a common technology and database platform throughout the firm, systems and processes from various departments can be integrated that achieve superiority in terms of enhanced cost, operational and productivity benefits. Implementing an ERP system requires careful planning to achieve the targeted benefits and minimize the risk of project failure.

The ERP market is the biggest and full-grown enterprise application segment in the IT sector. The ERP Technology offered organizations with a framework for evaluating the development of their ERP technology. The ERP managers and IT leaders both are responsible for ERP should use the intelligent framework to authorize and modernize their ERP platform technology strategies. The Cloud computing is the key change agents that motivating the demand for new platforms and strategies. “The IT Market Clock for ERP Technology demonstrates the market maturity and commoditization levels for multiple generations of ERP platform technology” (Gartner 's IT Market Clock, 2014).

Cloud computing has grown in popularity to the point that it is now becoming the preferred method of the business community for accessing services on the Internet. This paper examines the reasons for this growth and explores the benefits and drawbacks of this technology.

As businesses have noticed over the last decade the initial cost of storage and bandwidth continue to diminish rapidly. As a result the offerings of Cloud-based services have become more and more attractive to businesses which are seeking to reduce their software licensing costs. It is now coming into the light that the Cloud provides businesses with cost-effective alternatives, organizations need to be cautious and not fall into the ‘all Cloud’ solution trap. We all know that there is no one-model-fits-all and rather than jumping out of the pan and into the fire into the Cloud, Organizations should investigate and plan how they can maximize the benefits of their existing set-up

It would be fair to say that cloud computing has changed the way the business used to do. With the evolution of cloud computing, IT companies can get software to hardware and infrastructure to staff requirement on demand. Cloud service providers also fully mange the services which can be provided at any time. Cloud computing utilizes a combination of the internet (cloud) and computer technology (computing). It is broadly defined as methods to deliver information or services to customers who pay for what they use. It uses the architecture in which one provider is giving services to multiple organizations. This paper, I will be discussing about risk and challenges of cloud computing. My main focus on the paper will be over cloud, its standardization, challenges/concerns and current business transformation.

Some of the benefits associated with a cloud-based ERP are the following areas: Customer relationship management, Human Resources, project management, finance and accounting, sales and marketing, business intelligence, workforce management, and reporting. Another important aspect revolving around this type of solution is that the cloud-based ERP will be tasked with the creation, implementation, and maintenance of the company’s website and customer portal. The website will be the primary customer relationship management portal, wherein customers are able to research the company, obtain support, view merchandise, and make purchases. Since customer relationship management module is sales-focused, the sales and marketing team will be able to utilize the

Despite the benefit cloud can offer for its service utilization, our study has found that the adoption tendency are not quite satisfactory as due to the barriers cloud suffers such as the privacy, security, legal issues, vendor lock in, loss of data and interoperability issues etc. which our study and survey results shows as the major barriers that resist SMEs for cloud adoption. The implication of findings of our study for suggestion and for practicing are followings. • First, that e-skill requirements knowledge is absolutely important for SMEs in order to stay stable in business and for gaining the competitive edge over their rivals namely the large enterprises (LE). The ICT adoption among SMEs will provide increasing business growth, makes them more innovative, brings business agility and also improve the relationship with customers. • Second, in order to improvise more SMEs cloud adoption the following factors need to be carefully addressed. 1. The cloud based software architecture should guarantee the privacy of data; the security of data must be handled properly so no data will be loss. The cloud service providers should provide necessary information about the network infrastructure they have in place (Data center) in order to provide security mechanism for data protection such as access control, risk issues, disaster recovery

Enterprise Resource Planning (ERP) giant SAP is assertively pushing into the software as a service CRM and ERP markets with its Business ByDesign solution. The on-demand ERP system is showing strong global adoption from both customers and partners (Clouds360. Com). Add that to the Axcient, which pulls double duty and Myra is heading in the right direction with her business. The company offers data protection and business continuity for MSPs with a hybrid on-premise appliance for backup and combines that with its cloud-based disaster recovery service (Clouds360. Com). With this system guarantees to put money

ROLE OF CLOUD BASED ERP ON AIS 5 6. POTENTIAL RISKS WHILE IMPLEMENTING ERP 6

however, Legacy ERP vendors are starting to use cloud based services to perform some functions of ERP, mainly those who depend on by mobile users. Cloud based ERP modules are built to be loosely joined, which can reduce the cost and difficulty of a Deployment. Currently some businesses are using hybrid cloud deployments in which part of the ERP software suite runs on premises and the other part runs on the cloud. The advantage of using SaaS ERP is that the system could start running, automatic upgrades and as well as reduction in hardware and support expenses. (SearchERP, 2017) (CompuData, 2017)

Enterprise Resource Planning (ERP) is the system that assists organizations in the smooth running of their businesses in a proper way. Lack of management support is one of the major cause of failure in implementing ERP and poor selection of ERP vendors, because every vendor says they can properly implement ERP but not all can successfully do the job. Cloud based Enterprise Resource Planning is the technology that can be used to access organisations resources from anywhere, and anytime (real time) and update the database as the transaction is taking place.